Canada enters technical recession as spending declines

The post Canada annualized Gross Domestic Product contracts 0.1% in Q1 appeared on BitcoinEthereumNews.com. Canada’s Gross Domestic Product (GDP) was unchanged on a quarterly basis in the first quarter of 2026 following the 0.2% contraction recorded in the last quarter of 2025, Statistics Canada reported on Friday. In this period, the annualized GDP declined by 0.1%, falling short of the market expectation for a growth of 1.5%. On a monthly basis, the GDP contracted by 0.1% in March. Market reaction USD/CAD edged higher with the immediate reaction to disappointing GDP data and was last seen rising 0.25% on the day at 1.3820. GDP FAQs A country’s Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP to the previous quarter e.g Q2 of 2023 vs Q1 of 2023, or to the same period in the previous year, e.g Q2 of 2023 vs Q2 of 2022. Annualized quarterly GDP figures extrapolate

The post Canada Gross Domestic Product (MoM) registered at -0.1%, below expectations (0%) in March appeared on BitcoinEthereumNews.com. Gold attracts fresh buying interest for a second consecutive day, this time surpassing the key $4,500 zone per troy ounce. The precious metal’s upside momentum appears limited as investors await greater clarity on the evolving US-Iran negotiations, while expectations that the Fed will maintain a hawkish stance continue to temper demand for the yellow metal. Source: https://www.fxstreet.com/news/canada-gross-domestic-product-mom-registered-at-01-below-expectations-0-in-march-202605291230

The record outflow from Bitcoin ETFs highlights growing investor caution and a shift in institutional strategies amid global economic uncertainty. The post Bitcoin ETFs see record $2.8B outflow amid macro uncertainty appeared first on Crypto Briefing.

The post Canada Current Account dipped from previous -0.7B to -7.2B in 1Q appeared on BitcoinEthereumNews.com. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do n

The post Block Brings USDC to 60 Million Cash App Users appeared on BitcoinEthereumNews.com. Block is rolling out USDC payments on Cash App to nearly 60 million users across four blockchain networks. CEO Jack Dorsey admitted customer demand drove the stablecoin move despite his longstanding bitcoin-only stance. The global stablecoin market hit a record $322 billion, exceeding reserves of 95 countries, including the UK and Canada. Block has expanded its stablecoin push by introducing USDC support on Cash App. The feature is currently live for 25% of the platform’s nearly 60 million users.  A Block spokesperson confirmed the phased rollout this week. Full availability is expected before the week ends. The move comes as the global stablecoin market hits a record $322 billion in total value. Block Brings USDC Payments to Cash App on Four Networks Block’s expansion covers USDC across Solana, Ethereum, Polygon, and Arbitrum. The company positions the feature strictly as a payments tool rathe

Rising long-term unemployment in Canada signals potential future productivity challenges and pressures on consumer-driven economic sectors. The post Bank of Canada reports highest long-term unemployment since early 2000s appeared first on Crypto Briefing.

Rising long-term unemployment in Canada signals potential future productivity challenges and pressures on consumer-driven economic sectors. The post Bank of Canada reports highest long-term unemployment since early 2000s appeared first on Crypto Briefing.

Robinhood's acquisition of WonderFi could significantly enhance its crypto market presence in Canada, leveraging established regulatory frameworks. The post Robinhood gets Canadian regulator nod for WonderFi acquisition appeared first on Crypto Briefing.