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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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Israeli Cabinet to Vote on Ceasefire Deal with Lebanon

 

The Israeli cabinet is set to convene on Tuesday to vote on a proposed ceasefire deal with Lebanon, according to a senior Israeli official. This meeting comes amid ongoing hostilities and follows a year of cross-border hostilities between Israel and Hezbollah.

The proposed deal, backed by the United States, includes an Israeli military withdrawal from southern Lebanon and the deployment of Lebanese army troops in the border region within 60 days. A five-country committee, including France and chaired by the United States, will monitor compliance with the ceasefire.

Despite the diplomatic progress, tensions remain high as both sides continue to engage in military actions. Israeli airstrikes have targeted Hezbollah-controlled areas in Beirut, while Hezbollah has launched rocket attacks on Israel.

Prime Minister Benjamin Netanyahu's office has yet to comment on the reports, but the senior Israeli official confirmed that the cabinet meeting is intended to approve the ceasefire text.

The outcome of Tuesday's vote could mark a significant step towards ending the conflict and bringing stability to the region.




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