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Power & Politics

What will Carney do about Canada’s surprise technical recession?

5/30/202625 min

Canada's economy is flashing red, as new numbers show the country slipped into a technical recession in the first quarter of this year. This comes just as crunch time for Canada’s trade talks with the U.S. approaches. The Weekly Wrap panel breaks down another busy week in Ottawa.

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Transcript preview

First 90 seconds

  1. Speaker 10:00

    [upbeat music] This is what summer basketball sounds like in Canada. The Canadian Elite Basketball League is back, bringing 10 teams, exceptional talent, and nonstop energy all season long. And here's the best part, every regular season game is live on CBC Gem, with featured games on CBC Television. The future of the game is here. Don't miss the action. Watch the CEBL all season on CBC and CBC Gem. [upbeat music] This is a CBC podcast.

  2. JP Tasker· Host0:33

    [upbeat music] Hey, it's JP, in for David today, and back for another edition of The Weekly Wrap. Speaking in New York, Prime Minister Mark Carney advocates for making America great again, via Canada.

  3. Mark Carney· Soundbite0:53

    Let's be absolutely clear. Canada strong will help make America great again.

  4. JP Tasker· Host0:59

    But while Carney sells Canada abroad, he has a warning for Alberta, painting a picture of how referendums can backfire, as it did with Brexit.

  5. Mark Carney· Soundbite1:07

    10 years later, trying to undo what people didn't think they were voting for, but what they ended up having.

  6. JP Tasker· Host1:13

    And to the end of the week, new data shows Canada has slid into a technical recession, just as Canada hits crunch time for a trade deal with the US and Mexico.

  7. Zain Velji· Panelist1:22

    Canada's approach has been different. Um, they, like China, retaliated against the United States.

  8. JP Tasker· Host1:27

    It was another jam-packed week of news,

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