Canada in technical recession ‘talk’ divides analysts; KPMG note says: No, but whatever you want to call, it is ...
TIMESOFINDIA.COM / May 30, 2026, 02:26 (IST)
Canada's economy unexpectedly contracted by 0.1% in the first quarter, marking two consecutive quarters of decline and sparking debate over a technical recession. Prolonged U.S. tariff uncertainty and geopolitical headwinds have impacted business investment and driven up domestic prices, though some economists dispute the recession label due to a lack of widespread weakness.