<p>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?</p><p>​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?</p><br><p><br></p><p>Host: <a href="mailto:[email protected]" rel="noopener noreferrer" target="_blank">James Nicholson</a></p><p>Credits: Andrea Varsany (Producer), Kallan Lyons (Associate Producer and Fact Checking), Caleb Thompson (Mixing and Mastering), max collins (Director of Audio), Jesse Brown (Editor)</p><p>Guest: <a href="https://betakit.com/author/douglas-soltys/" rel="noopener noreferrer" target="_blank">Douglas Soltys</a></p><br><p>Additional music by Audio Network</p><br><p>Apply to CANADALAND’s Audio Journalism Fellowship at <a href="http://labs.canadaland.com" rel="noopener noreferrer" target="_blank">labs.canadaland.com</a></p><br><p>Go to <a href="https://canadaland.com/live" rel="noopener noreferrer" target="_blank">canadaland.com/live</a>&nbsp; to find out more about our live show, June 18th at the Halifax Convention Centre!</p><br><p><br></p><br><p>Further reading:&nbsp;</p><ul><li><a href="https://www.ctvnews.ca/politics/article/sharan-kaur-why-top-economists-are-rejecting-the-recession-narrative/" rel="noopener noreferrer" target="_blank">Sharan Kaur: Why top economists are rejecting the ‘recession’ narrative</a> - CTV News</li><li><a href="https://www.policymagazine.ca/technical-recession-the-backstory-why-has-the-canadian-economy-flatlined/" rel="noopener noreferrer" target="_blank">‘Technical Recession’, the Backstory: Why has the Canadian Economy Flatlined?</a> - Policy Magazine</li><li><a href="https://www.cbc.ca/news/politics/carney-responds-to-recessison-news-9.7220490" rel="noopener noreferrer" target="_blank">Carney addresses technical recession, says economy going through 'settling-in' period - </a>CBC News</li><li><a href="https://www.cbc.ca/news/politics/51-state-carney-trump-hoekstra-trade-talks-9.7221755" rel="noopener noreferrer" target="_blank">51st state 'a great discussion' for Trump and Carney, says Hoekstra as president trolls ahead of trade talks</a> - CBC News</li><li><a href="https://www.bloomberg.com/news/articles/2026-05-29/canada-dips-into-technical-recession-for-first-time-since-2020" rel="noopener noreferrer" target="_blank">Canada Dips Into Technical Recession for First Time Since 2020</a> - Bloomberg</li><li><a href="https://www.reuters.com/world/americas/canadas-q1-gdp-contracts-annualized-basis-posting-two-quarters-decline-2026-05-29/" rel="noopener noreferrer" target="_blank">Canada enters surprise technical recession amid tariff uncertainty</a> - Reuters</li><li><a href="https://www.thestar.com/business/canada-is-in-a-technical-recession-heres-why-economists-are-pushing-back-on-that-label/article_bc203ae9-411b-4b41-9e3b-4d70ac29040d.html" rel="noopener noreferrer" target="_blank">Canada is in a ‘technical’ recession. Here’s why economists are pushing back on that label</a> - The Toronto Star</li><li><a href="https://www.cbc.ca/news/politics/mark-carney-technical-recession-analysis-9.7222511" rel="noopener noreferrer" target="_blank">Is a technical recession technically a problem for Mark Carney?</a> - CBC News</li><li><a href="https://ca.news.yahoo.com/first-reading-technical-recession-recession-132541812.html" rel="noopener noreferrer" target="_blank">FIRST READING: Is the technical recession recession just a technicality, technically? &nbsp; &nbsp; - Yahoo News Canada</a></li></ul><p>&nbsp;</p><p>Sponsors:</p><p>&nbsp;</p><p><a href="https://fizz.ca/" rel="noopener noreferrer" target="_blank">Fizz</a>: Visit<a href="https://fizz.ca/" rel="noopener noreferrer" target="_blank"> fizz.ca</a> and activate a first plan using the referral code CAN40 to get 40$ off and 10GB of free data.</p><br><p><a href="https://douglas.ca/Canadaland" rel="noopener noreferrer" target="_blank">Douglas</a>:&nbsp; Douglas is giving our listeners a FREE Sleep Bundle with each mattress purchase. Get the sheets, pillows, mattress and pillow protectors FREE with your Douglas purchase today.&nbsp; Visit<a href="http://douglas.ca/Canadaland" rel="noopener noreferrer" target="_blank"> do</a><a href="https://douglas.ca/canadaland" rel="noopener noreferrer" target="_blank">uglas.ca/canadaland</a> to claim this offer.</p><br><p><a href="http://shopify.ca/" rel="noopener noreferrer" target="_blank">Shopify</a>: Sign up for your one-dollar-per-month trial today at<a href="http://shopify.ca/" rel="noopener noreferrer" target="_blank"> Shopify.ca</a></p><br><p>If you value this podcast,<a href="https://canadalandnetwork.supercast.com/" rel="noopener noreferrer" target="_blank"> Support us</a>! You’ll get premium access to all our shows ad free, including early releases and bonus content. 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