Federal government posts $10.2-billion surplus for fiscal first quarter

Federal government posts .2-billion surplus for fiscal first quarter

The federal government recorded a $10.2-billion surplus for the first quarter of the fiscal year, joining some provincial governments in reporting improvements to their bottom lines. In the same three months a year earlier, the government reported a deficit of $36.5-billion. The Finance Department’s monthly Fiscal Monitor, which breaks down federal revenue and expenses data … Read more

COMMENTARY: Budget 2022 and Canada’s incredible disappearing deficits – National

COMMENTARY: Budget 2022 and Canada’s incredible disappearing deficits – National

Before we’d ever heard of COVID, there was a time when the first question asked of any Finance Minister delivering their budget was always: “Is it balanced?” Those days are long gone, and the pandemic is a big reason why. Federal Finance Minister Chrystia Freeland delivered her 2022-23 budget this week, with a bottom line … Read more