Murray Wood: When will Canada punch back against China's bully tactics?
Dear China... Um, yeah, can you fill out this TPS report? That'd be great. Murray Wood says Canada should get tough in t...
OTTAWA — The federal government posted a $3.9 billion deficit in the first two months of the fiscal year.
The result for the April-to-May period compared to a $1.5 billion surplus for the same stretch last year.
Revenues increased $6.5 billion, or 8.9 per cent, largely due to higher tax revenues.
The Finance Department says program expenses excluding net actuarial losses rose $10 billion, or 15.9 per cent.
Public debt charges increased $2.3 billion, or 33.8 per cent, due to higher interest rates.
Net actuarial losses fell $0.4 billion, or 23.2 per cent.
This report by The Canadian Press was first published July 26, 2024.
The Canadian Press
