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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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Haitian Migrants Intercepted Near Quebec Border on Christmas Night

 


Nineteen Haitian migrants were intercepted by the RCMP on Christmas after crossing irregularly into Quebec from the United States during frigid weather conditions.

Police say the group, which included adults, a toddler, and a three‑year‑old child, entered Canada near Havelock in the Montérégie region, a few kilometres north of the New York border. U.S. authorities alerted Canadian officers early in the evening, prompting a coordinated search along the wooded border area.

Fifteen people were located hiding in the forest, while officers continued searching until late evening to find the remaining migrants. Eight individuals were taken to hospital, with several treated for frostbite. The two young children were also examined as a precaution.

The RCMP says the investigation is ongoing as officials determine next steps in processing the asylum seekers.


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