MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise

FED'S SCHMID - WE STILL HAVEN'T BEAT INFLATION BACK TO 2%

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: UK NOV GFK CONSUMER CONFIDENCE INDEX -18

MNI JAPAN OCT CORE CPI +2.3% Y/Y; SEPT +2.4%

MNI: FED BALANCE SHEET TOTAL ASSETS -$43B TO $6.924T IN WEEK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: Canada Has CAD2.9B Q1 Budget Deficit Vs Prior Surplus

OTTAWA (MNI)
Bank of CanadaCentral Bank NewsPolicy NewsHomepageCanadaFiscalGovernment sector Bank of Canada Market NewsBriefStoryRegionNorth America

Canada recorded a CAD2.9 billion budget deficit in the first three months of the fiscal year versus a surplus of CAD3.6 billion in the previous year on higher program expenses and interest charges, the finance department said Friday.

Program spending rose 15% from April to June from a year earlier led by higher transfer payments to households and provincial and municipal governments. Part of those increases are because some major transfers are indexed to inflation that remains above the central bank's 2% target. New and expanded programs such as those intended to blunt climate change also boosted expenditures.

Keep reading...Show less
224 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Canada recorded a CAD2.9 billion budget deficit in the first three months of the fiscal year versus a surplus of CAD3.6 billion in the previous year on higher program expenses and interest charges, the finance department said Friday.

Program spending rose 15% from April to June from a year earlier led by higher transfer payments to households and provincial and municipal governments. Part of those increases are because some major transfers are indexed to inflation that remains above the central bank's 2% target. New and expanded programs such as those intended to blunt climate change also boosted expenditures.

Keep reading...Show less