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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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Chicago Draws the Line: Mayor Orders Police to Shun Trump’s Federal Deployment

 

                     Chicago Mayor Brandon Johnson speaks during a news conference at River Point Park on Monday.  


Chicago Mayor Brandon Johnson has signed an executive order barring city police from cooperating with any National Guard troops or federal agents should President Donald Trump follow through on his threat to deploy them to the city.

The order, announced at a City Hall press conference alongside other local leaders, makes clear that Chicago police will continue enforcing state and local laws but will not participate in joint patrols, arrests, immigration enforcement, or other federal-led operations. Officers are also directed to wear official uniforms, follow body camera protocols, and avoid masks to ensure they are distinguishable from federal personnel.

Johnson framed the move as a defense of civil liberties and local sovereignty, warning that unauthorized federal military action could “undermine democratic norms” and “risk escalating violence rather than securing the peace”. He cited recent declines in violent crime as evidence that the city is addressing public safety without federal intervention.

Illinois Governor J.B. Pritzker echoed the mayor’s stance, calling any unrequested deployment “unconstitutional” and vowing a strong state response. The White House dismissed the order as a partisan stunt, arguing that federal action is aimed at reducing crime.

Johnson said Chicago is prepared to pursue legal and legislative measures to block any such deployment, underscoring his message: “We will protect our Constitution, we will protect our city, and we will protect our people”.


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