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FIRST READING: Is the technical recession recession just a technicality, technically?

Conservatives notes that even if the recession is small, Canada is the only country experiencing one

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FIRST READING: Is the technical recession recession just a technicality, technically? Back to video

On Monday, Conservative Leader Pierre Poilievre rejected reports that Canada was in “technical recession,” saying that the country’s economic malaise was not a “technicality.”

“(Prime Minister Mark) Carney says we’re not in a real recession, as he sent out his Liberal commentators and economists to say it’s just a technicality,” said Poilievre at a press conference announcing that Canada was in the grip of a “full-blown Carney Recession.”

On Friday, Statistics Canada announced that GDP had gone down in the first quarter of 2026. This indeed marks Canada’s official entry into the generally accepted definition of “recession,” but only by one of the smallest possible margins in Canadian economic history.

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