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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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Biden and Trump Debate: Age and Fitness in the Spotlight

 

In a highly anticipated first debate, President Joe Biden and former President Donald Trump sparred over key issues, with age and fitness emerging as focal points of the discourse. The debate, marked by sharp exchanges and intense scrutiny, provided a platform for both candidates to address concerns about their physical and mental capacities to lead the nation.

President Biden, at 81, faced questions regarding his stamina and ability to handle the rigors of the presidency. He countered these concerns by highlighting his recent legislative achievements and robust campaign schedule, aiming to demonstrate his vitality and readiness for another term. "My record speaks for itself," Biden asserted, emphasizing his experience and accomplishments in office.

Former President Trump, aged 78, also faced scrutiny regarding his fitness. Known for his energetic campaign style, Trump sought to project an image of vigor and resilience. He pointed to his swift recovery from COVID-19 and his continued active engagement in political and social events as evidence of his health and capacity to serve.

The debate delved into various policy issues, but the candidates' ages and fitness levels remained a persistent undercurrent. Both candidates aimed to reassure voters of their ability to lead effectively despite their advanced years. The evening underscored the increasing relevance of health and fitness in political leadership, particularly as the nation grapples with significant challenges both domestically and globally.

As the campaign progresses, the focus on age and fitness is likely to continue, with voters keenly evaluating the candidates' capabilities to manage the demands of the presidency. The debate has set the stage for a rigorous campaign season, with both Biden and Trump striving to prove their readiness to govern in these pivotal times.

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