The federal government posted a deficit of $5.36 billion for the first five months of its 2026-27 fiscal year.

OTTAWA — The federal government posted a deficit of $5.36 billion for the first five months of its 2026-27 fiscal year.

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.

  • quanin@lemmy.caOP
    21·
    1 day ago

    So, couple things.

    1. The deficit will almost certainly be higher than that when the dust settles. A lot of invoices come due in month 11 or 12.

    2. Ordinarily I’d say it’s people using this to try to shoehorn their hatred of AI into the conversation, but part of the reason for this specific deficit is Canada just this week took equity in Cohere.

    • Scotty@scribe.disroot.org
      2·
      12 hours ago

      The numbers for the full year aren’t there yet (at least I haven’t seen a forecast), and Canada will have to invest in AI, too as it can’t rely on the U.S. nor China.