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Canada posts $5.36B deficit for first five months of 2026-27 fiscal year (www.ctvnews.ca)
submitted 1 week ago by to c/canada@lemmy.ca
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OTTAWA — The federal government posted a deficit of $5.36 billion for the first five months of its 2026-27 fiscal year.

In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $11.07 billion in the same April-to-August period a year earlier.

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[–] 1 point 6 days ago* (2 children)

Just FYI the 80b was due to some accounting things around valuations and investors. They didnt actually lose 80b. It was something like 20b ignoring that. They lost access to it, but they also never actually had it. It was paper money essentially.

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