Overview
- The Finance Department, which reported the tally Friday, put the April–February shortfall at C$25.55 billion.
- The gap compared with a C$19.27 billion deficit over the same 11 months a year earlier.
- Total revenue reached C$453.2 billion, up 0.8%, led by higher customs duties and income taxes from businesses and individuals.
- Program expenses rose 2.1% to C$424.9 billion, while public debt charges held near C$49.3 billion as lower short‑term rates offset higher effective rates on more bonds.
- Canada posted a C$5.66 billion surplus in February, down from C$7.57 billion a year earlier, and net actuarial losses of C$4.6 billion—an accounting item tied to pension obligations—also weighed on the year‑to‑date balance.