Federal Government Posts $7.3B Deficit Between April and July

The Confederation Building on Parliament Hill is reflected in the windows of the Bank of Canada, in Ottawa on May 6, 2024. The Canadian Press/Sean Kilpatrick

The federal government’s deficit has grown to $7.3 billion so far this fiscal year.

The Finance Department’s latest fiscal monitor says the deficit between April and July compares with a $1.2 billion deficit over the same period last year.