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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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Nationwide Anti-Immigration Rallies Draw Thousands, Prompt Strong Government Rebuke

 

Demonstrators hold Australian flags during the 'March for Australia' anti-immigration rally, in Sydney, Australia, August 31, 2025.


Tens of thousands of protesters took to the streets across Australia on Sunday as part of the “March for Australia” rallies, calling for an end to what organisers describe as “mass migration.” Demonstrations were held in major cities including Sydney, Melbourne, Brisbane, Perth, Adelaide, and Canberra, with participants waving Australian flags and chanting nationalist slogans.

The rallies, which coincided with counter-protests by anti-racism groups, sparked heightened security measures. In Melbourne, the CBD was declared a designated area, giving police powers to search for weapons and order the removal of face coverings. In Sydney, up to 1,000 officers were deployed to prevent clashes.

Government leaders condemned the events, linking them to extremist elements and warning they risked spreading division and hate. Home Affairs Minister Tony Burke stated there was “no place in our country for people who seek to divide and undermine our social cohesion,” while Multicultural Affairs Minister Anne Aly reaffirmed that multiculturalism remains a valued part of Australia’s national identity.

Some migrant communities expressed concern over being targeted, with Indian community leaders advising members to stay indoors for safety. Despite organisers distancing themselves from known far-right figures, authorities remain on alert for extremist involvement.


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