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25.09.202615:00:00UTC+00Canada’s Budget Swings Back Into Deficit in July as Balance Drops to -$4.77B

Canada’s federal budget balance moved sharply back into deficit in July 2026, with the monthly position falling to -$4.77 billion, according to data updated on 25 September 2026. The reversal marks a significant shift from June 2026, when the budget showed a surplus of $0.99 billion.

The swing of approximately $5.76 billion between June and July underscores renewed fiscal pressures on public finances after a brief period in the black. While the data release provides headline figures only, the move back into deficit will likely refocus attention on the trajectory of federal revenues and spending in the second half of 2026. Investors and analysts will be watching subsequent monthly releases closely for signs of whether July’s shortfall reflects one-off factors or the start of a more persistent trend in Canada’s fiscal position.

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