Canada posts C$1.72 billion surplus over six months

OTTAWA: Canada recorded a C$1.72 billion ($1.29 billion) budget surplus for the first six months of the 2022/23 fiscal year, helped by higher tax revenues, the finance ministry said on Friday. By comparison, Canada posted a C$68.57 billion deficit in the period from April to September 2021.

On a monthly basis, Canada posted a deficit of C$2.16 billion in September, compared to the C$11.41 billion deficit recorded a year ago.