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Budget Day 2026: What a $63B+ Deficit Means for Your Wallet

  Canadian Money Brief • Thursday, November 5, 2026 Ottawa tables its second Carney-era budget today. Almost everyone expects big spending. Hardly anyone expects it to help their own bank account. Here is what the numbers say, and what to do about it. Finance Minister François-Philippe Champagne says today’s budget is about “changing Canada’s growth model”: less reliance on the U.S., more building at home. That is a big-picture pitch. Your household budget is a small-picture problem, and a new Abacus Data poll shows the gap between the two is wide. The poll in one line: only 10% of Canadians expect Budget 2026 to make their household better off. 30% expect to be worse off, and 48% expect little difference. (Abacus Data, 1,809 adults, Oct. 30 to Nov. 3.) The deficit, in plain numbers The Parliamentary Budget Officer (PBO) is the government’s independent fiscal referee. Its latest outlook, which predates the budget and only counts measures already announced, sets the stage: PBO proj...
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Global Markets Maintain Cautious Stance Amidst Mixed Signals on August 9, 2023

 

Global Markets Maintain Cautious Stance Amidst Mixed Signals on August 9, 2023

On August 9, 2023, the global financial markets displayed a mixed and cautious sentiment. Stock indices in Asia started the day on a tentative note, with investors closely monitoring geopolitical developments and potential regulatory changes impacting various sectors.


 
European markets showed a slightly more optimistic trend, bolstered by positive earnings reports from key companies. In the United States, early trading indicated a moderate uptick, with tech giants driving gains while concerns over inflation and interest rate shifts lingered. 


Cryptocurrency markets experienced notable volatility, as regulatory discussions continued worldwide. Overall, market participants exhibited a watchful attitude as they awaited further economic indicators and policy updates to navigate the intricate balance between recovery optimism and prevailing uncertainties.






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