The Aporia
The Aporia
The Canadian Press. (2026, September 25). Federal government posts $5.1-billion deficit for April-to-July period. Toronto Star. https://www.thestar.com/politics/federal/federal-government-posts-5-1-billion-deficit-for-april-to-july-period/article_c9e6cb9f-6549-5049-9cb7-d920f0f716ca.html
The Canadian Press. “Federal government posts $5.1-billion deficit for April-to-July period.” Toronto Star, 25 Sept. 2026, https://www.thestar.com/politics/federal/federal-government-posts-5-1-billion-deficit-for-april-to-july-period/article_c9e6cb9f-6549-5049-9cb7-d920f0f716ca.html.
The Canadian Press. “Federal government posts $5.1-billion deficit for April-to-July period.” Toronto Star, September 25, 2026. https://www.thestar.com/politics/federal/federal-government-posts-5-1-billion-deficit-for-april-to-july-period/article_c9e6cb9f-6549-5049-9cb7-d920f0f716ca.html.
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The Canadian federal government reported a deficit of $5.1 billion for the April-to-July period in its 2026-27 fiscal year, an improvement from the previous year's deficit of $7.8 billion during the same period. The Finance Department noted that total revenue for this period was $175.5 billion, up from $163.4 billion a year ago, driven by higher personal income tax and GST revenues. Program expenses excluding net actuarial losses rose to $159 billion from $151.3 billion, due to increased direct program expenses and major transfers to individuals. Public debt charges also increased to $20 billion from $18.6 billion, while net actuarial losses grew to $1.7 billion from $1.3 billion. This report highlights the ongoing fiscal challenges despite some positive revenue trends.
