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Canada records second surplus of fiscal 2021/22 in February as year-to-date deficit continues to shrink

30 Tháng Tư 2022
Canada records second surplus of fiscal 2021/22 in February as year-to-date deficit continues to shrink © Reuters. FILE PHOTO: A Canadian flag flies in front of the Peace Tower on Parliament Hill in Ottawa, Ontario, Canada, March 22, 2017. REUTERS/Chris Wattie

By Julie Gordon

OTTAWA (Reuters) - Canada recorded its second surplus of fiscal 2021/22 in February, as its budget deficit for the first 11 months of the fiscal year shrunk considerably compared with the year-ago period, the finance ministry said on Friday.

The February surplus was C$5.47 billion ($4.28 billion) compared with a deficit of C$14.37 billion in February 2021, the data showed.

The April to February shortfall was C$69.82 billion compared with a C$282.56 billion deficit in the year-ago period, as the costs of the COVID-19 pandemic continued to recede.

"As expected, the government's 2021–22 financial results show a marked improvement compared to the peak of the COVID-19 crisis," the finance ministry said.

April-February revenues grew by 34.9%, led by higher tax revenues and other revenues. Program expenses fell 23.2%, largely on lower emergency transfers to individuals and businesses.

Canada's fiscal year runs from April to March.

($1 = 1.2773 Canadian dollars)

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28-05-2022 02:23:34 (UTC+7)

EUR/USD

1.0730

+0.0006 (+0.05%)

Summary

Sell

Moving Avg:

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EUR/USD

1.0730

+0.0006 (+0.05%)

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GBP/USD

1.2627

+0.0032 (+0.26%)

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Neutral

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USD/JPY

127.03

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AUD/USD

0.7155

+0.0057 (+0.80%)

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USD/CAD

1.2727

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EUR/JPY

136.31

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EUR/CHF

1.0274

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Gold Futures

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Silver Futures

22.130

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4.3232

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114.97

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115.46

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US Coffee C Futures

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Euro Stoxx 50

3,808.86

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S&P 500

4,146.60

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DAX

14,462.19

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7,585.46

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20,697.36

+581.16 (+2.89%)

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US Small Cap 2000

1,883.80

+40.95 (+2.22%)

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8,933.60

+44.80 (+0.50%)

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51.110

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66.58

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 EUR/USD1.0730Sell
 GBP/USD1.2627Neutral
 USD/JPY127.03↑ Sell
 AUD/USD0.7155↑ Sell
 USD/CAD1.2727↑ Sell
 EUR/JPY136.31Sell
 EUR/CHF1.0274Neutral
 Gold1,852.41↑ Buy
 Silver22.130↑ Buy
 Copper4.3232↑ Buy
 Crude Oil WTI114.97↑ Buy
 Brent Oil115.46↑ Buy
 Natural Gas8.711Neutral
 US Coffee C228.65↑ Sell
 Euro Stoxx 503,808.86↑ Buy
 S&P 5004,146.60↑ Buy
 DAX14,462.19↑ Buy
 FTSE 1007,585.46Sell
 Hang Seng20,697.36↑ Buy
 Small Cap 20001,883.80Neutral
 IBEX 358,933.60↑ Buy
 BASF51.110Neutral
 Bayer66.58↑ Buy
 Allianz200.20↑ Buy
 Adidas179.96↑ Buy
 Lufthansa6.881↑ Buy
 Siemens AG121.86Buy
 Deutsche Bank AG10.392↑ Sell
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