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Canada slips into technical recession, economy stalls | CTV National News at 5:30 for May 29, 2026
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4,127 views54likes22:31CTVNewsOriginal Release: 2026-05-29

Canada's economy slipped into a technical recession in the first quarter of 2024, with real GDP slightly negative on an annualized basis, primarily due to higher gold imports and weak performance in resource extraction industries including mining, oil, gas, and forestry. This economic downturn sparked public protests in Alberta, where the Alberta Federation of Labor organized a 'Fight Back Now' campaign addressing concerns about healthcare, education, public services, and provincial governance. The opposition leader disputed the 'technical' classification, calling it a 'full-blown Liberal recession,' highlighting how economic terminology can be politically contested.

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