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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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Stock Market Today: Chip Stocks Surge as Nvidia Leads the Way

U.S. stock futures surged on Monday as chip stocks shone, with Nvidia leading the charge. Contracts on the Nasdaq 100 jumped almost 1%, while S&P 500 futures rose roughly 0.7%, poised to build on Friday's tech-led rally. Dow Jones Industrial Average futures also saw a modest rise of 0.3%.

The upbeat mood kicked off the first full-on week of 2025 for traders, highlighted by the release of the December nonfarm-payrolls report scheduled for Friday. Chip stocks rallied after a record revenue and strong sales forecast from Nvidia's server partner Foxconn, boosting optimism for AI-fueled growth. Nvidia shares rose 2% in pre-market trading, while peers AMD and Micron Technology each gained over 3%.

Focus remains on Nvidia later Monday when CEO Jensen Huang gives the keynote speech to start the CES tech conference. Investors will be listening for signs that Nvidia's new Blackwell chip has overcome supply glitches.



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