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Canadian federal government budget deficit shrinks dramatically
The Canadian government is out with its latest budget numbers and they're stark, thanks to much lower spending and a boost from resource revenues. The April-November budget deficit is C$3.55 billion compared to C$73.7 billion a year ago.
To be clear, a decade ago a year-long deficit of $10 billion was seen as a large number and the pre-pandemic 2018-2019 deficit was $14.0 billion. Given interest rates, the deficits are likely to tick up but there are certainly no red flags for the looni... Read More
Posted: Jan 27 2023, 16:07
Author Name: forexlive
Views: 110630
