Canada Posts Lower Deficit of C$5.14B
Canada recorded a slightly lower budget deficit of C$5.14 billion for the first four months of the 2026/27 fiscal year. Government revenues grew faster than expenditures, driven largely by higher income tax receipts.
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Canada posted a C$5.14 billion ($3.63 billion) budget deficit for the first four months of the 2026/27 fiscal year, narrowing from C$7.79 billion a year earlier. The improvement reflects revenue growth outpacing expenditure increases during the period. The federal fiscal update highlights shifting dynamics in Ottawa's balance sheet amid rising debt servicing costs.
