Federal Deficit
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Feds post $4.3 billion deficit as high interest rates grow public debt chargesIn its monthly fiscal monitor, the Finance Department says this compares to a surplus of $3.9 billion during the same period of the 2022-23 fiscal year.PoliticsOct 27, 2023
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Canada’s economy will ‘slow considerably’ in 2nd half of 2022, budget officer saysAs inflation slows and heads toward the central bank's target of two per cent, the PBO expects the Bank of Canada to begin lowering interest rates toward the end of next year.EconomyOct 13, 2022
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Ottawa cut deficit down to $69.8B during most of last fiscal yearIn its monthly fiscal monitor report, the Finance Department says the tally compared with a deficit of $282.6 billion for the same period of 2020-21.EconomyApr 29, 2022
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Feds trim budget deficit to $73.7 billion from April to NovemberThe Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier.EconomyJan 28, 2022
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Spending down, revenue up: Feds post $12.7B deficit for JuneThe drop in the deficit came as spending dropped compared with a year ago when Ottawa spent billions on emergency aid due to the pandemic and revenue improved.EconomyAug 27, 2021
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Canada’s deficit to hit $330B as coronavirus lands ‘permanent’ economic impactThe Parliamentary Budget Officer's report underlines need for spending to be temporary.CanadaSep 29, 2020
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More than half of Canadians think coronavirus deficit too big but split on election needVoters, including Liberals, say they want to see a plan to get back towards balanced budgets.CanadaSep 22, 2020
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Coronavirus: Federal deficit will likely hit $252B this year, budget watchdog saysThe figure is an estimate based partly on the almost $146 billion in spending measures the government has announced to help cushion the economic blow from the pandemic.CanadaApr 30, 2020
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Finance Minister Morneau won’t draw red line on how far feds willing to push deficitLatest fiscal update showed the deficit is on track to deepen by billions of dollars.CanadaDec 22, 2019
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Bill Kelly: Trying to make sense of federal budget hyperboleThe political gamesmanship that accompanies budgets is always quite interesting.Nov 22, 2018
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