BREAKING: Canada's Parliamentary Budget Officer released its latest Economic and Fiscal Outlook today, projecting deeper deficits than the government forecast and raising serious questions about the sustainability of Ottawa's fiscal plan. 👇🧵 (1/6)
BREAKING:
The Carney government quietly reversed its own CRTC streaming tax.
The reason, in their words, it "could ultimately fall on Canadian consumers through higher prices."
We were all right.
That's the same argument every critic has made and was told they didn't understand the policy.
This is where it gets worse: the same Liberal government is spending $600 million of your money to undo what it just did, and is directing the CRTC to review its own ruling.
In other words: every critic was right.
The government wasted everyone's time.
And the cleanup costs you $600 million.
https://t.co/GAMt1lUAVw
It's official:
Canada has unexpectedly entered a technical recession for the first time since the pandemic lockdowns in 2020.
Real GDP in Canada fell -0.1% in Q1 2026 following a -1.0% contraction in Q4 2025.
This marks two-straight quarters of GDP contraction for the first time in six years.
Economists had expected Q1 GDP growth of +1.5%, yet the economy suddenly contracted.
The weak GDP data coincides with a weak job market as well, as the Canadian economy is likely to remain under pressure amid ongoing US tariffs.
Meanwhile, the household saving rate fell to 3.5%, reaching its lowest level since the Q1 2024 as spending rose faster than incomes.
Canada is facing a major economic slowdown.
Canadian Government: Tech companies are misleading the public on security backdoors and breaking encryption in Bill C-22
RCMP: We welcome Bill C-22 because we need security backdoors and the legal tools to break encryption
Warning from Apple to Canada on Bill C-22 "As you know, this may be one of the last times we're permitted to discuss the consequences of this legislation publicly."
"That's because of the bill's secrecy provisions which forbid companies like Apple from even discussing the orders we receive with our users or the public." @Apple
Germany announced plans to send 900k Syrian refugees back home.
Syria rejected the plan and said they should stay in Germany. Syria wants them to keep collecting German welfare, a portion of which is sent back to Syrian families.
Germany is subsidizing the Syrian economy.