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Canada October Federal budget deficit C$1.90B vs -C$3.68B in Oct 2021

Canada October Federal budget deficit C$1.90B vs -C$3.68B in Oct 2021
  • April-Oct deficit C$174 million vs C$72.25 billion a year ago

Canada has essentially run a balanced budget from April to October, though that's not expected to last. Oil and gas revenues are a big part of the rebound in the fiscal situation but with rates rising, financing costs will start to bite. Overall though, Canada's fiscal situation is better than almost anywhere and is one of the few AAA-rated countries in the world.

This article was written by Ad... Read More
Posted: Dec 23 2022, 16:14
Author Name: forexlive
Views: 111980

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