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It’s Friday, May 29. Here are the top stories we’re following today.
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Canada’s real gross domestic product unexpectedly contracted slightly on an annualized basis in the first quarter of 2026, but economists stopped short of calling it a recession despite meeting the technical definition of two consecutive negative quarters.
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Despite the negative gross domestic product surprise, markets are still pricing in a rate cut in 2026. Here’s what the GDP data mean for the economy and the Bank of Canada.
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Bank of Nova Scotia has inked a deal to acquire Maple Financial Holdings Inc., a Texas-based company that runs a commercial bank.
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Costco Wholesale Corp. says it will return tariff refunds to its members if and when they are paid back by the United States government.
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Consolidating investments may help Greg have better visibility to plan his investment strategy and for retirement withdrawals in a tax efficient manner, expert says.
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