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submitted 4 days ago by quanin@lemmy.ca to c/canada@lemmy.ca

OTTAWA — The federal government posted a deficit of $5.36 billion for the first five months of its 2026-27 fiscal year.

In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $11.07 billion in the same April-to-August period a year earlier.

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[-] nik282000@lemmy.ca 9 points 4 days ago

And Anthropic posted an $80B in the first half of 2026, keep that in mind when you decide whether you want to spend your money on AI subscriptions or your country.

[-] NotMyOldRedditName@lemmy.world 1 points 1 day ago* (last edited 1 day ago)

Just FYI the 80b was due to some accounting things around valuations and investors. They didnt actually lose 80b. It was something like 20b ignoring that. They lost access to it, but they also never actually had it. It was paper money essentially.

[-] nik282000@lemmy.ca 1 points 1 day ago

Ok, can you explain away the >200B they will be on the hook to pay back over the next 2 years?

[-] NotMyOldRedditName@lemmy.world 1 points 1 day ago

Is that debt they are paying back, or is that shit they bought and are going to be contractually obligated to pay over thr 2 years?

Either way completely different than the paper loss

[-] AGM@lemmy.ca 5 points 4 days ago

The big 400MW data centre project announced for Tupper Point in Nova Scotia and touted as a big invest-in-Canada win is going have Anthropic as its anchor resident on a 20-year lease. We're all tied up together.

[-] SaveTheTuaHawk@lemmy.ca 1 points 2 days ago

20 year lease is 19 years longer than Anthropic will last.

[-] quanin@lemmy.ca 5 points 4 days ago

Well, our country's spending money on AI so...

this post was submitted on 31 Oct 2026
45 points (95.9% liked)

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