Canada has unexpectedly fallen into a technical recession for the first time since 2020.

Bloomberg: “Canada edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter…
Real gross domestic product fell by 0.1% on an annualized basis during the first three months of the year…: That follows a 1%… pic.twitter.com/ttA5YknRR4

— Mohamed A. El-Erian (@elerianm) May 29, 2026