BNN Bloomberg
🏢 Bell Media
May 29, 2026
· 7 min read
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Market Outlook: Canada enters technical recession as growth slows - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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LEFTCENTERRIGHT
Signal breakdown
Heuristic (v1/v3)
0.00 · CENTER
ML v2 (DistilBERT)
0.000 · CENTER
Ensemble
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Rolling outlet bias
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Article Excerpt
Canada’s economy slipped into a technical recession in the first quarter of 2026 as weak business investment, soft government spending and tariff-related pressures weighed on growth. While consumer spending remained resilient, economists say the broader backdrop remains fragile.
BNN Bloomberg spoke with Avery Shenfeld, managing director and chief economist at CIBC Capital Markets, about the weaker-than-expected GDP report, the impact of trade tensions on investment and exports, and what the data could mean for the Bank of Canada’s next moves.
Key Takeaways
Canada’s economy entered a technica…
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