Canada’s Federal Deficit Shrinks to $66.9 Billion, Beats Fall Forecast by $11.4 Billion

Canada’s federal deficit for the fiscal year just ended is projected to come in at $66.9 billion, a notable $11.4 billion below the fall projection of $78.3 billion, driven by a stronger-than-expected economy and higher personal and corporate income tax revenues. The spring fiscal update, delivered by Prime Minister Mark Carney and Finance Minister François-Philippe […] The post Canada’s Federal Deficit Shrinks to $66.9 Billion, Beats Fall Forecast by $11.4 Billion appeared first on the deep dive.