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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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Tensions Escalate: Pakistan Warns of Imminent Indian Strike


In a significant development, Pakistan's Information Minister, Attaullah Tarar, has claimed that the country possesses "credible intelligence" indicating that India plans to launch a military strike within the next 24 to 36 hours. This assertion comes amidst heightened tensions between the two nuclear-armed neighbors following a deadly attack in Indian-administered Kashmir that claimed 26 lives.

Tarar stated that India intends to use the recent Pahalgam incident as a pretext for aggression, a claim that India has not yet commented on. Pakistan has denied any involvement in the attack and has called for a neutral investigation. Meanwhile, both nations have taken retaliatory measures, with India suspending the Indus Waters Treaty and Pakistan closing its airspace to Indian flights.

The situation has drawn international attention, with fears of escalation between the two countries. Pakistan has warned that any act of aggression will be met with a decisive response, emphasizing that India would bear full responsibility for any consequences in the region.

The unfolding events underscore the fragile relationship between the two nations, with the world watching closely for further developments.

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