Federal government posts $370-million deficit between April and June
- Posted on August 28, 2026
- By The Globe and Mail
- 1 Views
- 1 min read
In brief
Canada's federal government achieved a remarkable fiscal turnaround, recording a $370-million surplus during the second quarter, marking a dramatic improvement from the $6.28-billion deficit recorded in the same period last year. This significant shift reflects strengthened government revenues and controlled expenditures, signaling positive momentum in the nation's public finances. The Finance Department's latest report demonstrates substantial progress in fiscal management and budgetary performance.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Federal government posts $370-million deficit between April and June
Finance Department says the result compared with a deficit of $6.28-billion for the same period a year earlier
