Canada’s GDP perked up in Q1. The country’s economy grew by 3.1% from January to March, spurred by “favourable international trade” and increased household spending, beating analysts’ expectations of 2.5% growth. It also topped the Bank of Canada’s estimates of 2.3%, leading some to predict the central bank will raise its benchmark interest rate next week. 

Shopify slapped with a lawsuit. Former employees of the Canadian e-commerce giant have filed a class action lawsuit against the company, alleging the company reneged on a severance agreement. 

Mortgage debt is a growing concern. Banks are handling underwater homeowners with kid gloves, sparking fears that too much leniency could harm the economy when renewals come due and some mortgage payments spike by as much as 40%. Canada already has the highest household debt levels among G7 countries, and bigger mortgage payments will only make the situation worse.