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Budget 2026 Consultations Are Open — Here's What Canadians Should Ask For

July 7, 2026 Ottawa wants your input on Budget 2026 before September 8. Here's what the consultation actually is, why it matters to your wallet, and what to say if you take part. The bottom line: On July 6, Finance Minister François-Philippe Champagne launched pre-budget consultations for this fall's federal budget. Canadians can submit input online until September 8, 2026 at Canada.ca/yourbudget. It's a rare, direct window to flag what's actually squeezing your household before the government finalizes tax, benefit, and spending decisions for next year. What Just Happened The Department of Finance officially opened the pre-budget consultation process for Budget 2026, which will be tabled this fall. The stated priorities are broad — boosting investment and competition, strengthening economic sovereignty, and addressing the "most pressing economic challenges facing Canadians today." Over the summer, Champagne, along with Secretary of State Wayne Long and Parl...
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TD to slash jobs after disappointing earnings report


The Toronto-Dominion Bank (TD) announced that it will cut an unspecified number of jobs as part of a restructuring plan to reduce costs and improve efficiency. The move comes after the bank reported lower-than-expected earnings for the fourth quarter of 2023, amid rising expenses and higher provisions for credit losses.

According to its financial results, TD earned $3.2 billion, or $1.72 per share, in the quarter ended Oct. 31, down from $3.5 billion, or $1.87 per share, a year earlier. Analysts had expected earnings of $1.79 per share, according to Refinitiv. The bank’s revenue increased by 4 per cent to $11.8 billion, but its expenses rose by 7 per cent to $6.9 billion. The bank also set aside $1.1 billion for bad loans, up from $891 million in the same period last year.

TD’s chief executive officer Bharat Masrani said the bank is facing “a challenging and uncertain environment” due to the COVID-19 pandemic and its impact on the economy. He said the bank is taking “decisive actions” to adapt to the changing conditions and position itself for long-term growth. He did not provide details on how many jobs will be affected by the restructuring, but said the bank will offer support and transition assistance to the impacted employees.

TD’s disappointing earnings contrast with the strong performance of its peers, such as Royal Bank of Canada, Canadian Imperial Bank of Commerce, Bank of Montreal and National Bank of Canada, which all beat analysts’ estimates and raised their dividends in the fourth quarter. TD was the only one of the Big Six banks that did not increase its dividend, keeping it at 79 cents per share.

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