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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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War of Words: Moscow Rebukes Macron Over ‘Ogre’ Remark

 

                                            Macron


Tensions between Paris and Moscow have sharpened after the Kremlin accused French President Emmanuel Macron of breaching diplomatic decorum with his recent description of Vladimir Putin as “an ogre at our gates.”

The comment, made during a televised interview last week, was among Macron’s strongest public criticisms of the Russian leader since the start of the war in Ukraine. Russian Foreign Ministry spokeswoman Maria Zakharova responded on Friday, calling the remark “unworthy of a head of state” and accusing Macron of making “strange statements” that sometimes cross into “low-grade insults”.

Macron’s choice of words reflects his deep skepticism about Moscow’s willingness to pursue peace, even as international efforts — including U.S.-led talks — continue to seek an end to the conflict. France has been a vocal supporter of Ukraine, a stance that has repeatedly drawn sharp rebukes from Russian officials.

The latest exchange underscores the fragile state of Franco-Russian relations, where diplomatic language has given way to increasingly personal attacks, further complicating the already fraught path toward any negotiated settlement.

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