Business & Data
Federal deficit rises to $16.4 billion in first quarter of 2026
The Canadian general government deficit grew by $1.5 billion from the same quarter a year earlier, as expenses rose 0.4 per cent and revenue edged down 0.1 per cent.
The Canadian general government recorded a deficit of $16.4 billion in the first quarter of 2026, an increase of $1.5 billion compared with the same quarter a year earlier, Statistics Canada reported June 26. Expenses grew 0.4 per cent and revenue decreased slightly, down 0.1 per cent.
Excluding social security funds, the deficit stood at $34.1 billion in the first quarter of 2026, almost unchanged from the $34.0 billion deficit recorded in the first quarter of 2025.
How this was produced
Written by an automated Polaris reporter from the sources listed below, and checked against them before publication.
Evidence
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- Statistics Canada - all Daily subjects Government finance statistics, first quarter 2026 Statistical Retrieved 13 Sep 2026, 23:12 UTC · published 26 Jun 2026
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