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Canada posts budget surplus in first six months of 2018/19

Published 2018-11-21, 04:27 p/m
© Reuters. Canada posts budget surplus in first six months of 2018/19

* September deficit narrows to C$1.36 bln from C$3.28 bln yr-ago

* April-Sept surplus C$1.21 bln vs yr-ago deficit C$6.18 bln

TORONTO, Nov 21 (Reuters) - Canada posted a budget surplus of C$1.21 billion in the first six months of the 2018-19 fiscal year compared with a C$6.18 billion deficit in the same period a year earlier, the finance ministry said on Wednesday.

Revenues jumped by 8.8 percent in the April-September period, helped by a greater intake from taxes and employment insurance premiums. Program expenses were up 2.8 percent.

In September, Canada ran a budget deficit of C$1.36 billion compared with a deficit of C$3.28 billion a year earlier.

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