Canada posts budget deficit of C$1.25 billion in September

Fri Nov 20, 2015 10:47am EST
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OTTAWA (Reuters) - Canada posted a budgetary deficit of C$1.25 billion ($940 million) in September as program expenses rose amid transfers to Canadians and other levels of government, the finance department said on Friday.

For the 2015-16 fiscal year that began in April, the government saw a surplus of C$1.58 billion compared to a deficit of C$744 million in the same time period the year before.

(Reporting by Leah Schnurr; editing by Randall Palmer)