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Canada posts budget surplus at start of fiscal year

Published 2015-07-22, 09:29 a/m
© Reuters.  Canada posts budget surplus at start of fiscal year
GM
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OTTAWA, July 22 (Reuters) - The Canadian government had a
budget surplus in the first two months of the fiscal year on
increased revenues and gains from the sale of the government's
holdings in General Motors (NYSE:GM) GM.N , the finance department said
on Wednesday.
The surplus in April was C$2.54 billion ($1.95 billion),
compared to a deficit of C$1.41 billion in April 2014, while
May's surplus was C$1.40 billion, up from C$267 million the year
before.
For the 2015-16 fiscal year that started in April, the
government had a surplus of C$3.95 billion.
($1 = 1.3036 Canadian dollars)

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