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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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Fireworks from Yacht Spark Forest Fire in Greece: 13 Arrested

 

Thirteen crew members and passengers have been arrested in Greece after fireworks launched from a yacht allegedly sparked a forest fire on the island of Hydra. The blaze, which occurred on Saturday, burned through the island’s only pine forest in the remote area of Bisti.

Despite the challenging conditions, firefighters managed to bring the flames under control. Accessing the beach by sea and using helicopters to drop water from the air, they successfully contained the fire. However, the incident has caused outrage in Greece, especially given the ongoing wildfires and the country’s first heatwave of the year.

Hydra’s mayor, Giorgos Koukoudakis, expressed indignation, stating, “We are indignant that some people so irresponsibly throw fireworks into a pine forest.” Social media users have also criticized the yacht’s passengers, with one person describing them as “rich people with more money than brains.”

Greece remains on high alert for wildfires, and authorities are preparing for a challenging summer due to dry conditions, strong winds, and high temperatures. Last Friday, a volunteer firefighter tragically lost his life while battling a fire in the southern region of Ilia on the Peloponnese peninsula. Scientists attribute the increasing frequency and intensity of extreme weather events, including heatwaves, to climate change. Additionally, Greece has grappled with arsonists, with stricter laws now in place to combat such behavior.


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