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.
Just FYI the 80b was due to some accounting things around valuations and investors. They didnt actually lose 80b. It was something like 20b ignoring that. They lost access to it, but they also never actually had it. It was paper money essentially.
Ok, can you explain away the >200B they will be on the hook to pay back over the next 2 years?
Is that debt they are paying back, or is that shit they bought and are going to be contractually obligated to pay over thr 2 years?
Either way completely different than the paper loss