Statistics Canada’s first quarter estimate of Canada’s gross domestic product (GDP) revealed that the country had entered a technical recession, commonly defined as two consecutive quarters of declining GDP. And per-person GDP, an indicator of incomes and living standards, has stagnated for years, increasing by only 0.2 per cent from the first quarter of 2022 ($60,247) to the first quarter of 2026 ($60,378) after adjusting for inflation. https://www.fraserinstitute.org/commentary/canadas-recent-technical-recession-made-headlines-key-indicator-has-been-failing-years
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