Ottawa posts $1.9B surplus for fiscal 2014-2015

The federal government posted a surplus of $1.9 billion for the 2014-2015 fiscal year, according to final numbers from Ottawa released today.

The Department of Finance said the figure is a reversal of a $5.2 billion-deficit posted for the previous fiscal year.

In its recent budget, Ottawa was forecasting a deficit of $2 billion for 2014-2015.

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