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Canada reports a $6.5B deficit for April-May 2025, up from $3.8B last year, due to increased spending and debt.
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.
The rise is attributed to higher government spending and public debt charges, despite only a slight increase in revenues.
Notably, customs import duties surged by 180%, partly due to counter-tariffs on US goods.
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Canadá informa un déficit de $6.5B para abril-mayo de 2025, frente a $3.8B el año pasado, debido al aumento del gasto y la deuda.