So it looks like technically Canada is in the midst of a “technical” recession, but, technicalities aside, is a 0.2% drop in growth really that big a deal?

​Carney hasn’t said much on the subject, just that this is just a “settling-in period” while his policies take effect. On the other hand, Poilievre seems almost gleeful, saying that it’s a result of a “banker who can’t budget”. Oh, and he’s made a whole attack ad dunking on the technicalities of a technical recession with a little help from generative AI. Is this what politics has come to?

Host: James Nicholson

Credits: Andrea Varsany (Producer), Kallan Lyons (Associate Producer and Fact Checking), Caleb Thompson (Mixing and Mastering), max collins (Director of Audio), Jesse Brown (Editor)

Guest: Douglas Soltys

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Further reading: 

• Sharan Kaur: Why top economists are rejecting the ‘recession’ narrative - CTV News
• ‘Technical Recession’, the Backstory: Why has the Canadian Economy Flatlined? - Policy Magazine
• Carney addresses technical recession, says economy going through 'settling-in' period - CBC News
• 51st state 'a great discussion' for Trump and Carney, says Hoekstra as president trolls ahead of trade talks - CBC News
• Canada Dips Into Technical Recession for First Time Since 2020 - Bloomberg
• Canada enters surprise technical recession amid tariff uncertainty - Reuters
• Canada is in a ‘technical’ recession. Here’s why economists are pushing back on that label - The Toronto Star
• Is a technical recession technically a problem for Mark Carney? - CBC News
• FIRST READING: Is the technical recession recession just a technicality, technically?     - Yahoo News Canada

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