.jpg)
1 hour ago
3
Article content
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
MONTREAL, May 30, 2026 (GLOBE NEWSWIRE) — Following StatCan’s confirmation today that Canada has officially slipped into a technical recession, Canadian tech entrepreneur and strategic investor Yanik Guillemette is sounding the alarm on the urgent need to revitalize the national economy, sharply criticizing the glaring disconnect of federal politicians.
Article content
Article content
Article content
With real gross domestic product (GDP) stalling in the first quarter of 2026—marking a second consecutive quarterly decline—business capital investment has now fallen for a fifth consecutive quarter. For Guillemette, this economic contraction makes recent revelations of lavish government spending even more unacceptable.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Yanik Guillemette Sounds the Alarm on Economic Competitiveness
Article content
“Today’s data confirms what the business community has been screaming about for months: our economy is suffocating,” said Yanik Guillemette. “Yet, while Canada falls into a technical recession and businesses freeze capital investments just to survive, our politicians are somehow billing $200,000 for in-flight catering on private jets. It is a direct insult to every worker, family, and wealth creator in this country.”
Article content
Guillemette argues that the ongoing weakness in capital investment is a direct result of an environment that has grown increasingly hostile to entrepreneurship and innovation.
Article content
“We urgently need to jolt this economy back to life, cut suffocating red tape, and stop the bleeding of capital leaving our borders,” Guillemette added. “Instead of addressing administrative bloat, anti-business policies like Bill C-22, or our plummeting productivity, Ottawa acts as though public money is infinite. You cannot tax and regulate a country into prosperity.”
Article content
Article content
The entrepreneur is calling for an immediate pivot in economic policy to restore market confidence. “It is time to stop running the economy like an all-you-can-eat buffet funded by taxpayers, and start actively supporting those who are actually building the infrastructure of tomorrow.”
Article content
About Yanik Guillemette Yanik Guillemette is a Montreal-based technology entrepreneur and strategic investor who contributes to the strategic development of various companies. Specializing in AI adoption for SMEs, digital infrastructure, and North American Trade & Economy, he is widely recognized for his advocacy surrounding long-term technological tools, digital sovereignty, and the economic implications of public policy.
Article content
Article content
Article content
Article content
Article content
Article content
Article content
Article content
English (US)