Canada April-Nov budget balance -22.72 billion vs -19.14 billion a year ago

Canada is running a large fiscal deficit than a year ago and it got worse in November at -8.21 billion compared to -$4.01 billion a year earlier.

All that said, Canada is running a much smaller fiscal deficit than the US and virtually every other developed country (as a percentage of GDP). Canada does have some firepower if there is a tariff war.

This article was written by Adam Button at www.forexlive.com.