National

Ottawa posts $21.7 billion deficit for April-to-December period

Darpan News Desk The Canadian Press, 28 Feb, 2025 10:44 AM

The federal government posted a budgetary deficit of $21.7 billion for the April-to-December period of its 2024-25 fiscal year.

The result compared with a deficit of $23.6 billion for the same period a year earlier.

According to the Finance Department's monthly fiscal monitor, revenue for the nine-month period totalled $355.6 billion, up from nearly $318.1 billion a year earlier, boosted by gains in all categories.

Program expenses excluding net actuarial losses amounted to $333.2 billion, up from nearly $301 billion, boosted by increases across all major categories including direct program expenses and major transfers to persons.

Public debt charges totalled $41.1 billion, up from $35.1 billion.

Net actuarial losses were $3 billion, down from $5.7 billion a year ago.

Prev Next

MORE National ARTICLES

Mark Carney pledges to beat Trudeau's target date for meeting NATO spending benchmark

Liberal leadership contender Mark Carney has pledged to hit Canada's NATO defence spending target by the end of the decade — two years ahead of Prime Minister Justin Trudeau's schedule.

Mark Carney pledges to beat Trudeau's target date for meeting NATO spending benchmark

International grads more likely to hold jobs below their education levels: StatCan

International students who graduated from Canadian schools are more likely to be underemployed than their Canadian peers — and many are living with lower incomes as a result. Statistics Canada's national graduates survey looked at the employment rate for more than 83,000 international students who graduated in 2020, remained in Canada and did not pursue further education.

International grads more likely to hold jobs below their education levels: StatCan

B.C. homicide team investigates beating death of a 19-year-old man

Homicide investigators are looking into an attack on a 19-year-old man that started in Abbotsford, B.C., then led officers to Crescent Beach in Surrey more than 45 kilometres away. Officers were called on Jan. 27 to an area on Victoria Street in Abbotsford when witnesses were reporting that a man was assaulted and then taken away in a vehicle.

B.C. homicide team investigates beating death of a 19-year-old man

Booing of U.S. anthem continues at Canadian sporting events despite tariff pause

Canadian sports fans continued to voice their displeasure at American economic policies on Tuesday despite a pause in a trade war between Canada and the United States. Fans at Toronto's Scotiabank Arena booed during the U.S. national anthem before the Raptors hosted the New York Knicks on Tuesday.

Booing of U.S. anthem continues at Canadian sporting events despite tariff pause

B.C. fast-tracking 18 mining and energy projects in face of U.S. tariff threat

The British Columbia government has released a list of 18 critical mineral and energy projects worth roughly $20 billion that it said it's working to accelerate in the face of ongoing tariff threats from the United States. The list contains mining projects that have received pushback from some B.C. and Alaskan First Nations groups, including Eskay Creek, Highland Valley and Red Chris mines.

B.C. fast-tracking 18 mining and energy projects in face of U.S. tariff threat

Fraudsters try a new method to steal bank cards in Langley

Langley R-C-M-P are warning the public about a new attempt to steal bank cards by fraudsters. The scheme includes calling the victim first to warn them someone is trying to tamper with or compromise their card, then arriving at the victim's house to "collect" the tainted card.