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Story summary
- Prime Minister Mark Carney’s government confirmed Canada’s economy contracted 0.1% in Q1 2026, a second consecutive decline.
- Canada lost 112,000 jobs in that quarter, the biggest drop since the pandemic began.
- Conservative leader Pierre Poilievre accused Carney of creating the only G7 recession economy, warning that citizens struggle to pay essentials.
- Desjardins economists noted that, despite the GDP fall, over half of Canadian industries expanded and consumer spending stayed strong.
