The briefing
Ottawa reported a $25.5 billion budgetary deficit for the first 11 months of fiscal 2025–26, wider than the $19.3 billion shortfall a year earlier. Revenues edged up 0.8% to $453.2 billion while program expenses rose 2.1% to $424.9 billion over the same period.
Original headline
Ottawa reports $25.5B deficit between last April and February