FX.co ★ Canada’s Budget Gap Widens Sharply in November as Deficit Swells to C$8.02 Billion

Canada’s federal budget balance deteriorated significantly in November 2025, with the deficit expanding to C$8.02 billion, according to data updated on 30 January 2026. This marks a steep widening from October 2025, when the shortfall stood at C$2.28 billion.

The November figures indicate mounting fiscal pressure as the government’s monthly gap between revenues and expenditures more than tripled in just one month. While the latest release provides the topline numbers, the sharp move from October to November will likely draw close attention from analysts tracking the trajectory of Canada’s public finances heading into 2026.