'I thought we were doing better than the U.S.': Canadians react to recession news

On Monday’s Rebel Roundup livestream, Sheila Gunn Reid reacted to what she described as the average, uninformed, CBC-watching Canadian.

CTV News took to the streets to ask Canadians about the so-called “technical recession” — and their responses were telling. 

“I’m surprised; I thought we were doing better than the U.S., anyways,” said one man. “I would expect them to be in a recession.” 

On Monday’s Rebel Roundup livestream, Sheila Gunn Reid reacted to what she described as the average, uninformed, CBC-watching Canadian. 

“Why did you think that?” asked Sheila. “Because you don’t like Donald Trump? … Because your feelings about him should dictate how well he is at his job?” 

In reality, Canada is indeed in a recession, its GDP having shrunk for two consecutive quarters. America’s GDP, on the other hand, grew by 1.6% in the first quarter of 2026. 

Canada’s unemployment rate is nearly twice that of the U.S., at approximately 7% and 4.3% respectively. The SNP 500 has increased by 25.3% since Donald Trump took office. 

“Thank you, CBC, for misinforming the population. This is how the Liberals keep getting majorities,” said Sheila.

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COMMENTS

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  • Fran g
    commented 2026-06-04 19:52:11 -0400
    Heads buried in the sand, elbows up, applauding abandoning over 100 yrs of mainly good relations trading with US because of orange man syndrome(they cant seem to comprehend that he is not the problem, carnage is, and Trump will be done in 2 yrs and then what?) These stupid people applaud getting in bed with China!
    Give your head a shake, are you insane?
  • Bernhard Jatzeck
    commented 2026-06-01 21:01:05 -0400
    I’ll bet that many of those interviewed don’t have investments or, if they do, they don’t pay close attention to what affects the markets. They would be aware of how world events or political announcements can affect the price of stocks or, for that matter, what they’re invested in and where.
  • Bruce Atchison
    commented 2026-06-01 19:00:14 -0400
    Too many people watch legacy TV and listen to legacy radio.