Canada budget deficit C$20.01 billion versus Jan 2020 surplus of C$415 million

Deficits increase with Covid

Canada is reporting a deficit for the month of January 2021 of C$20.01 versus a surplus of C$415 million in January 2020.

For the period from April 2020 (start of fiscal calendar year) to January 2021, the deficit is C$268.18 billion vs you’re the deficit of C$10.56 billion.  

Needless to say, Covid has taken it’s toll on Canada’s finances.  

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