Canada's Deficit Jumps to $25.5B

0:00Canada's federal government just dropped its latest fiscal update, showing a deficit of $25.5 billion for the April 2, February's stretch of the 2025-26 fiscal year. That's a jump from the $19.3 billion whole they were in for the same 11 months last year. Revenue came in at $453.2 billion, a slight bump of 0.8% over last year's $400.49.8 billion. Expending minus some actuarial stuff, hit $4.24.9 billion of 2.1% from $400.16.1 billion the year before. Public debt charges stayed flat at $49.3 billion. Actuarial losses ticked up to $4.6 billion from $3.7 billion a year ago, adding a bit more pressure. With expenses outpacing revenue growth, the books are feeling the strain heading into the final months of this fiscal year. That's your update from Canada News Today, powered by AI.