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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 Airstrike in Sanaa Kills Houthi Prime Minister Ahmed al‑Rahawi

 

Houthi fighters join protesters, as they demonstrate to show support to Palestinians in Gaza at Sabeen Square in Sanaa, Yemen


The Iranian‑backed Houthi movement has confirmed that its prime minister, Ahmed al‑Rahawi, was killed in an Israeli airstrike on Thursday in the Yemeni capital, Sanaa. Several ministers also died in the strike, which targeted a government workshop reviewing the administration’s performance over the past year.

The Israeli military said it had “precisely struck a Houthi terrorist regime military target” in Sanaa. The attack comes amid escalating hostilities, with the Houthis repeatedly launching missiles and drones toward Israel and targeting shipping in the Red Sea in what they describe as solidarity with Palestinians during the war in Gaza.

Earlier in the week, Israeli strikes on Sanaa killed at least 10 people and wounded over 100, according to Houthi‑run health authorities. The death of al‑Rahawi, who had served as prime minister since August 2024, marks a significant blow to the rebel‑controlled government and could further inflame tensions in the region.


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