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flag Canada reports a $6.5B deficit for April-May 2025, up from $3.8B last year, due to increased spending and debt.

flag Canada's federal government reported a $6.5 billion deficit for April and May 2025, marking a significant increase from the $3.8 billion deficit in the same period last year. flag The rise is attributed to higher government spending and public debt charges, despite only a slight increase in revenues. flag Notably, customs import duties surged by 180%, partly due to counter-tariffs on US goods.

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