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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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Your lookahead horoscope: August 31, 2025

 

IF TODAY IS YOUR BIRTHDAY

The message of your birthday chart is that you must know your own mind and follow what it tells you to the letter. Ignore those who complain about your aims, because there is nothing they can do to hinder you – and they certainly won’t help!

Aries (March 21 - April 20):

Someone who is important to you on both a personal and a professional level will be difficult to get through to over the next few days. It’s no big deal though, so don’t panic. They will be back on the same wavelength before the end of week.

Taurus (April 21 - May 21):

Although your financial situation may not be as bad as you fear you have been a bit too free and easy with your cash in recent weeks. Cut back on your spending over the next few days – make it essentials only from now on.

Gemini (May 22 - June 21):

You may be of a mind to give up on a project that doesn’t seem to be going anywhere but don’t be hasty. While Saturn is going through its retrograde phase it may seem as if you are making no progress but that will change very soon.

Cancer (June 22 - July 23):

News you hear from afar will put a spring in your step over the next 24 hours but don’t get carried away. Take extra care when making plans to visit friends and relatives as there are sure to be delays and diversions along the way.

Leo (July 24 - Aug. 23):

The fact that no one seems to believe in what you are doing is neither here nor there. The only thing that matters is that you believe in yourself, so keep going and don’t let other people’s negativity affect you – in fact, let it energize you!

Virgo (Aug. 24 - Sept. 23):

The more time you spend trying to understand the motivations of a friend or family member the further away from the truth your efforts will take you, so give it a miss and just accept them for who and what they are, whatever that is!

Libra (Sept. 24 - Oct. 23):

The positive signals you have been getting from people you work with is nice but can you believe they really want to see you succeed? While Saturn continues its retrograde phase it might be safer to act as if you don’t really trust them.

Scorpio (Oct. 24 - Nov. 22):

You may be feeling more optimistic about an artistic or creative project of some kind but you can also expect some delays in getting it finished. Be patient and handle setbacks as and when they arrive. You will get there in the end.

Sagittarius (Nov. 23 - Dec. 21):

What a friend tells you today may not be what you were expecting or hoping to hear but don’t ignore it. They may have seen something that you missed, and that something could trip you up if you are too proud to take advice.

Capricorn (Dec. 22 - Jan. 20):

Your ruler Saturn moves back into the social and travel area of your chart this week, which suggests you may have to change some of the arrangements you made in recent weeks. It’s no big deal, so accept the inevitable and get it done.

Aquarius (Jan. 21 - Feb. 19):

Something of a financial nature needs to be treated with a great deal of care. You may think it’s no big deal but the planets warn you could end up out of pocket if you act as if other people are as honest as you – because they’re not!

Pisces (Feb. 20 - Mar. 20):

As Saturn moves back into your sign this week it may feel as if problems you thought you had dealt with never actually went away. The good news is there will be just one small thing that you need to change. It’s really no big deal.

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