Forex
globalreutersJanuary 31, 20251 Mins read
Canada April-Nov budget balance -22.72 billion vs -19.14 billion a year ago
globalreutersJanuary 31, 20251 Mins read Canada is running a large fiscal deficit than a year ago and it got worse in November at -8.21 billion compared to -$4.01 billion a year earlier.
All that said, Canada is running a much smaller fiscal deficit than the US and virtually every other developed country (as a percentage of GDP). Canada does have some firepower if there is a tariff war.
This article was written by Adam Button at www.forexlive.com.
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