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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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US Visa Revocations for Palestinian Officials Deepen UN Assembly Tensions

                            It was unclear if Palestinian Authority President Mahmoud Abbas was included in the restrictions.



The United States has confirmed it will deny or revoke visas for several Palestinian officials ahead of next month’s United Nations General Assembly in New York, a move that has drawn condemnation from Ramallah and heightened diplomatic friction.

The State Department said the restrictions target members of the Palestine Liberation Organization (PLO) and the Palestinian Authority (PA), accusing them of failing to repudiate terrorism while seeking “unilateral recognition” of a Palestinian state. The announcement comes as key US allies — including Britain, France, Australia, and Canada — have pledged to formally recognize Palestine during the summit, despite opposition from Washington and Israel.

It remains unclear whether Palestinian Authority President Mahmoud Abbas is personally affected, though his office has called the decision a violation of the UN Headquarters Agreement, which generally obliges the US to grant access to foreign diplomats.

The move could significantly reduce the size of the Palestinian delegation at a high-profile gathering already set against the backdrop of Israel’s war in Gaza, mounting humanitarian concerns, and growing frustration among Western nations over stalled peace efforts.


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