Canada August budget deficit of C$21.94B vs C$3.67B a year ago

Huge deficits in Canada continue

  • April to August $C170.52B vs $C5.22B a year ago

In normal times a C$20B deficit annually in Canada is huge. These numbers are insane.

The good news for the government is that by year-end the Bank of Canada will own half the debt.

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