Jun 15, 2026 · 20 min · 11 segments
We want to hear from you! Drop us a message 🙏🏼 On this episode, Matt and Maryanne dive into the most recent Bank of Canada interest rate…
Matthew AblakanHost
Maryanne StilloHost
Marianne, that to me sounds like somebody doesn't want to admit that we are in a recession.

Yeah, because he's talking about that there was a little bit of a decline in the first quarter, but there still was a decline.

Yeah, and there's many ways you could define a recession, but I think how we've come to understand it, and I just looked this up, there's actually a phrase to it, the two-quarter rule.


And so by omitting it, you're going to just further that and make people even more fearful and be fed up.

Like it says here that, again, his exact words were the economy is weak, but not clearly in a recession.

One of the definitions is for technical recession, which if you think about it, Prime Minister Mark Carney was questioned on this.

So it's not like it's new or people don't know about it or whatever the case may be.

Marianne, that to me sounds like somebody doesn't want to admit that we are in a recession.

Yeah, because he's talking about that there was a little bit of a decline in the first quarter, but there still was a decline.

Yeah, and there's many ways you could define a recession, but I think how we've come to understand it, and I just looked this up, there's actually a phrase to it, the two-quarter rule.


And so by omitting it, you're going to just further that and make people even more fearful and be fed up.

Like it says here that, again, his exact words were the economy is weak, but not clearly in a recession.

One of the definitions is for technical recession, which if you think about it, Prime Minister Mark Carney was questioned on this.

So it's not like it's new or people don't know about it or whatever the case may be.
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