Canada’s government posted a budget deficit of CAD 3.28 billion in August 2025, compared with a deficit of CAD 2.5 billion in August 2024. This shift largely reflected a CAD 2.3 billion (6.5%) increase in revenues, driven by higher corporate and personal income tax and customs import duties, while pollution pricing fell by CAD 0.9 billion following the cessation of the federal fuel charge. Program expenses, excluding net actuarial losses, rose by CAD 3.0 billion (9.1%), reflecting higher direct program expenses, major transfers to persons, and transfers to provinces, territories, and municipalities. Public debt charges fell by CAD 0.1 billion (1.5%) as lower interest rates on treasury bills and reduced net interest on cross-currency swaps were largely offset by higher average effective rates on an increased stock of marketable bonds; for the April–August 2025–26 period, the federal budget deficit stood at CAD 11.1 billion, compared to CAD 9.8 billion in the same period of 2024–25.

Canada Government Budget Deficit Widens in August

The Ibovespa rose 0.5% to close at 149,540 on Friday, buoyed by a batch of upbeat corporate results and a still-robust labour market. Vale climbed 2.3% after reporting 3Q25 net profit of $2.68 billion, up 11% year on year and comfortably above the $2.1 billion consensus. Azul advanced 2.7% on an adjusted Q3 operating margin of 20.6% and an EBITDA margin of 33.5%. Irani gained 2.7% after net profit rose 5.3% to R$42.1 million and adjusted EBITDA expanded 15.9%. Vulcabras surged 4.3% as recurring net profit grew 11.6% and unadjusted profit nearly tripled. Gerdau added 1.2% despite a 23.9% decline in adjusted net profit to R$1.09 billion, reflecting mixed regional dynamics. On the downside Vivo fell about 6% despite positive results, while Multiplan dipped 0.7% and Marcopolo retreated 10.5% after weaker-than-expected profits. The combination of earnings beats, healthy income fundamentals and steady employment helped sustain demand for equities into the close.

Ibovespa Hits Record High

The Central Bank of the Dominican Republic reduced its benchmark rate by 25 basis points to 5.25% in its October 2025 meeting, reflecting easing global uncertainty and more flexible international financing conditions; domestically, the June RD 81 billion liquidity provision program has seen RD 68 billion disbursed to date and is expected to bolster private-sector credit as monetary transmission takes hold; annual headline inflation was 3.76% in September while core inflation stood at 4.35%, both squarely within the 4.0% ± 1.0% target; activity remained solid with the IMAE registering 2.2% growth year to date through September led by agriculture, mining, manufacturing local and free-zone and services, and private credit expanded around 8.5% in October; the BCRD projects both headline and core inflation to stay within target through 2026.

Dominican Republic Slashes Rate

The S&P/TSX Composite rose 0.3% to close at 30,261 on Friday as strength in US technology stocks and a string of solid corporate results supported the market. Constellation Software led the advance, up 2.9%, while Celestica added 1.5% after raising its outlook and Shopify gained 0.5% amid optimism from upbeat guidance among major tech firms. Meanwhile, Canadian National Railway jumped 3% on better than expected results. However, gains were capped by softer commodity prices, with gold and copper retreating on a firmer US dollar and oil easing after weak China data and rising global production offset the effect of Western sanctions on Russian exports. On the trade front Prime Minister Mark Carney met with Chinese President Xi Jinping to restart economic engagement and to outline plans to double non-US exports over the next decade. For the week the Toronto exchange slipped 0.3%.

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最新ニュース

Canada Government Budget Deficit Widens in August

Ibovespa Hits Record High

Dominican Republic Slashes Rate

TSX Finishes Week in the Green