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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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Pope Leo XIV Urges Global Action to End ‘Pandemic of Arms’ After Minnesota Tragedy

 

                                            People gather as Pope Leo XIV delivers his blessing at the Vatican on Aug. 31, 2025.

 Pope Leo XIV has called for an end to what he described as the “pandemic of arms, large and small,” following a deadly shooting at a Catholic school Mass in Minneapolis. Speaking in English during his Sunday Angelus blessing from St. Peter’s Square, the first U.S.-born pontiff expressed deep sorrow for the victims and condemned the “logic of weapons” that fuels violence worldwide.

The attack, which took place at the Church of Annunciation, claimed the lives of two children and injured 20 others. The shooter fired 116 rifle rounds through the church’s stained-glass windows before dying by suicide.

Pope Leo, who initially offered condolences without political commentary, used his latest address to urge both an immediate ceasefire in global conflicts and a shift toward dialogue and peace. “The voice of weapons must be silenced, while the voice of fraternity and justice must rise,” he said.

The pontiff’s remarks come amid renewed debates over gun violence in the United States and growing calls for international cooperation to curb the spread of arms.


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