Latest news with #fiscalyear
CTV News
2 hours ago
- Business
- CTV News
Federal government posts $6.5 billion deficit in April, May
The federal government posted a $6.5 billion deficit in the first two months of the fiscal year. The Peace Tower on Parliament Hill in Ottawa is seen past construction cranes, ahead of Parliament's Monday return on Sunday, May 25, 2025. THE CANADIAN PRESS/Justin Tang The federal government posted a $6.5 billion deficit in the first two months of the fiscal year. The result for the April-to-May period compared with a $3.8 billion deficit for the same stretch last year. Revenues increased $26 million, virtually unchanged from the prior year, as increases in customs import duties and pollution pricing proceeds to be returned to Canadians were largely offset by a decrease in revenues from corporate income and goods and services taxes. The Finance Department says program expenses excluding net actuarial losses rose $2.9 billion, or four per cent. Public debt charges increased $400 million, or 3.8 per cent, due to an increase in the stock of marketable bonds and higher consumer price index adjustments on real return bonds. Net actuarial losses fell $600 million, or 46.8 per cent. This report by The Canadian Press was first published July 25, 2025. The Canadian Press
Yahoo
3 hours ago
- Business
- Yahoo
Federal government posts $6.5 billion deficit in April, May
The federal government posted a $6.5 billion deficit in the first two months of the fiscal year. The result for the April-to-May period compared with a $3.8 billion deficit for the same stretch last year. Revenues increased $26 million, virtually unchanged from the prior year, as increases in customs import duties and pollution pricing proceeds to be returned to Canadians were largely offset by a decrease in revenues from corporate income and goods and services taxes. The Finance Department says program expenses excluding net actuarial losses rose $2.9 billion, or four per cent. Public debt charges increased $400 million, or 3.8 per cent, due to an increase in the stock of marketable bonds and higher consumer price index adjustments on real return bonds. Net actuarial losses fell $600 million, or 46.8 per cent. This report by The Canadian Press was first published July 25, 2025. The Canadian Press
Bloomberg
5 hours ago
- Business
- Bloomberg
South Africa Treasury Seeks to Supplement FX Borrowing Program
South Africa's National Treasury invited proposals on 'innovative and cost-efficient' ways to supplement the government's foreign-currency borrowing program in the current fiscal year. The initiative is aimed at diversifying funding sources beyond traditional eurobonds and reducing the cost of funding, the Treasury said in a statement on Friday.
Bloomberg
17-07-2025
- Business
- Bloomberg
BHP's Fourth-Quarter Iron Ore Output Rises 2%; Copper Also Up
BHP Group, the world's largest miner, said output of key revenue-earner iron ore rose 2% in its latest quarter compared with the year before. Production of the key steelmaking ingredient reached 70.3 million tons in the three months to June 30, BHP said in filings Friday. That took its output in its fiscal year to 263 million tons, near the top of its guidance range.
Washington Post
15-07-2025
- Automotive
- Washington Post
Nissan to close its Oppama plant in Japan to cut costs
TOKYO — Nissan is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan. Vehicle production at the Oppama plant in Kanagawa Prefecture south of Tokyo, will end at the end of the 2027 fiscal year, in March 2028, the Japanese automaker said Tuesday in a statement.
