Great news especially with the economy slowing down. Which I don't believe it will despite the forecast. They also said job creation was slowing down and September was a record month.
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Canada’s federal budget deficit narrowed by 37.4 percent in August as the job market drove up employment insurance premiums and reduced benefit payments, and corporate tax revenue rose, the finance department said.
The federal government deficit narrowed to C$3.64 billion ($3.66 billion) in August, down from C$5.81 billion a year earlier, the department said in its monthly budget report. The deficit in the first five months of the fiscal year that began April 1 narrowed to C$10.7 billion from C$13.5 billion.
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http://www.bloomberg.com/news/2011-1...ment-drop.html
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In August, corporate tax revenue jumped 35.4 percent to C$1.59 billion and increased 6.7 percent in the first five months of the fiscal year to C$10.4 billion.
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