Quote:
Ottawa posted a small surplus of $1.5 billion in February, an encouraging sign the federal government is on track to soon eliminate its annual deficit.
The slight surplus was a reversal of the same month a year ago, when the Department of Finance says Ottawa posted a deficit of $600 million.
In any given 12-month period, government coffers can swing wildly between deficit and surplus, but Canada has been in an overall deficit position since 2008.
For the month, revenues grew by 5.2 per cent while program spending shrank by 3.6 per cent. It's the second consecutive month that Ottawa has taken in more than it spends.
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http://www.cbc.ca/news/business/stor...t-surplus.html
That is with an economy that is apparently not doing as well as it could. Or maybe it is. Perhaps all the predictions are in fact wrong.
Either way, great news.