Ottawa posts $5.36B deficit for first five months of 2026-27 fiscal year

The Canadian Press: 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.

The deficit came as revenue totalled $215.54 billion, up from $201.18 billion a year earlier, helped by higher personal income tax revenues, other revenues and GST revenues, offset in part by lower customs import duties and energy tax revenues…

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