Canada Posts C$370M Deficit in Early 2026/27
Canada recorded a sharply lower budget deficit of C$370 million for the first three months of the 2026/27 fiscal year. Year-to-date revenues grew by 9.8 percent, driven largely by higher personal and corporate income tax receipts.
Insights:
Canada posted a sharply narrower budget deficit of C$370 million ($266.57 million) for the first three months of the 2026/27 fiscal year. That compares with a deficit of C$6.28 billion during the same period a year earlier. The narrower gap reflects stronger tax revenues outpacing government expenditure growth.
