Is Canada heading toward a recession? In this episode of GovGurus, host J. Richard Jones is joined by Canadian Government Executive Editor-in-Chief Lori Turnbull to unpack the latest economic warning signs following the Bank of Canada’s Financial Stability Report. Together, they explore how rising household costs, mortgage pressures and investor confidence are shaping the national conversation around economic performance and affordability.

The discussion examines Prime Minister Mark Carney’s economic strategy, the role of private and foreign investment, and Canada’s efforts to diversify global trade relationships amid ongoing uncertainty with the United States. Lori also shares insights on the future of CUSMA, the impact of tariffs on key Canadian industries, and the challenges of maintaining economic competitiveness in an increasingly fragmented global landscape.

The conversation then turns to Alberta’s proposed separation referendum, its potential political and economic consequences, and what the debate could mean for national unity, investor confidence and Canada’s position on the world stage.

From trade negotiations and economic resilience to federal-provincial tensions, this episode offers a timely look at some of the biggest issues shaping Canada’s future.