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Canada's Economy Is Slowing: 5 Money Moves to Make Before Year-End

  Canadian Money Brief | October 22, 2026 Canada's economic outlook has weakened, and that is a good reason to take a fresh look at your finances before the end of the year. The Parliamentary Budget Officer's October outlook projects real GDP growth of just 0.9% in 2026, down from its earlier forecast of 1.1%. The report points to changing trade conditions and U.S. tariffs as key pressures. This does not mean a recession is guaranteed. But when the economy faces uncertainty, a few practical steps can help households stay prepared and avoid unnecessary costs. 1. Review your monthly budget Check your last two or three months of bank and credit-card statements. Look for subscriptions you no longer use, recurring fees, food waste, and purchases that can be delayed. Even small cuts can free up cash for savings or debt repayment. Try this: Choose one spending category to reduce this month and move the money you save into a separate savings account. 2. Build or top up your emergency ...
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Liberals Brace for Tight Confidence Vote on Federal Budget

Finance Minister François-Philippe Champagne is applauded by members of the Liberal party as he delivers the federal budget speech in the House of Commons on Parliament Hill in Ottawa, Tuesday, Nov. 4, 2025. 

The federal Liberal government is heading into a crucial confidence vote on its budget, anticipating a razor-thin margin of victory. With opposition parties divided, the outcome will determine whether the government can continue to govern or face the prospect of an election.

Party insiders suggest that negotiations with smaller parties have been tense, but enough support has likely been secured to push the budget through. The vote is expected to highlight deep partisan divisions in Parliament, with critics arguing the budget fails to adequately address affordability and healthcare, while supporters emphasize investments in green energy and housing.

A narrow win would allow the Liberals to move forward with their fiscal plan, but the close result underscores the fragile balance of power in Ottawa and the challenges the government faces in maintaining stability.


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