Is Canada in recession or at risk of entering one?

Financial advisor Surinderpal Singh breaks down Canada’s economic outlook, explaining that a technical recession requires two consecutive quarters of GDP decline — Canada’s first quarter grew 0.2%, the second shrank 0.3%, and the third quarter report is still awaited. He highlights the real-world impact on Canadians, with 72% planning to cut Christmas spending amid rising costs of living, alongside high unemployment rates despite new job openings. He emphasizes that Canada must secure a trade deal with the U.S. sooner rather than later to stabilize the economy.