9.94°C Vancouver

Aug 28, 2020 5:30 PM -

Federal deficit through June hits $120 billion: Finance Department

Share On
federal-deficit-through-june-hits-120-billion-finance-department
Storm clouds pass by the Peace tower and Parliament hill Tuesday August 18, 2020 in Ottawa. The federal government ran a deficit of just over $120.3 billion during the first three months of its 2020-2021 fiscal year as the treasury pumped out aid to cushion the impact of the COVID-19 pandemic. THE CANADIAN PRESS/Adrian Wyld

The federal deficit soared to 120.4-billion-dollars in the first quarter of Ottawa's fiscal year, up from a deficit of 85-million a year ago.

The Finance Department says the treasury was pumping out emergency aid to businesses and workers to cushion the impact of the COVID-19 pandemic.

Major transfers to persons, which includes seniors benefits, employment insurance payments, the Canada Emergency Response Benefit, and children's benefits jumped 193.5 per cent year-over-year, to almost 70.6-billion-dollars.

Latest news

man-charged-after-liquid-thrown-at-u-s-rep-ilhan-omar-during-minneapolis-event
WorldJan 29, 2026

Man charged after liquid thrown at U.S. Rep. Ilhan Omar during Minneapolis event

U.S. federal prosecutors have laid charges against a Minnesota man accused of throwing a liquid on Democratic Congresswoman Ilhan Omar during a public event in Minneapolis earlier this week, an incident authorities are treating as an assault on a sitting lawmaker. Court documents filed by the U.S. Justice Department say Anthony Kazmierczak was arrested following the incident and is charged with forcibly assaulting, opposing, impeding and intimidating a member of Congress while she was performing official duties. According to a sworn affidavit, investigators later determined the substance spray
train-pedestrian-fatality-under-investigation-in-langley
BCJan 29, 2026

Train-pedestrian fatality under investigation in Langley

Police in Langley are investigating after a pedestrian was struck and killed by a train Thursday morning in the Metro Vancouver region. According to the RCMP, the collision occurred shortly before 8 a.m. near the intersection of Glover Road and Billy Brown Road, an area that includes rail lines used for both freight and passenger traffic. Emergency crews responded quickly and attempted life-saving measures, but the individual was pronounced dead at the scene. Authorities have not released the identity of the victim or details about how the incident occurred. Investigators remained in the area
kamloops-rcmp-mark-fourth-anniversary-of-unsolved-2022-rural-homicide
BCJan 29, 2026

Kamloops RCMP mark fourth anniversary of unsolved 2022 rural homicide

The BC RCMP Southeast District Major Crime Unit is marking the fourth anniversary of the homicide of 18-year-old Jagraj Dhinsa, whose death in rural Kamloops remains unsolved. Dhinsa was found deceased in a parking lot along Chilcotin Road in January 2022. Police have not released further details about the circumstances surrounding his death, but confirm the case continues to be actively investigated by the Southeast District Major Crime Unit. Staff Sergeant Jason Smart, unit commander of the SED MCU, said the investigation remains a priority for police and the justice system. He described the
west-coast-pipeline-discussed-as-carney-meets-alberta-and-b-c-premiers-in-ottawa
BCJan 29, 2026

West Coast pipeline discussed as Carney meets Alberta and B.C. premiers in Ottawa

A proposed West Coast pipeline was among several major energy issues discussed during a meeting this week between Prime Minister Mark Carney and the premiers of Alberta and British Columbia. The talks brought together Alberta Premier Danielle Smith and B.C. Premier David Eby in Ottawa, where long standing disagreements over pipeline expansion have often strained relations between the two provinces. Despite those differences, Eby described Wednesday’s meeting as constructive and said the tone was “borderline friendly.” Eby has previously voiced opposition to a new pipeline to the B.C. coa
six-charged-after-calgary-police-break-up-vehicle-theft-spree-linked-to-autobody-shop-break-ins
AlbertaJan 29, 2026

Six charged after Calgary police break up vehicle theft spree linked to autobody shop break-ins

Calgary police say six people are facing a combined total of more than 100 charges following an investigation into a series of vehicle thefts and commercial break-ins across the city. Investigators say the case began in December after officers became aware that a repeat offender, who was on probation at the time, was allegedly in possession of a stolen vehicle. That discovery led police to uncover what they describe as an organized pattern of thefts over a two-week period. According to police, multiple autobody shops were targeted, with suspects breaking into several businesses to steal vehicl

Related News