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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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Italy Detains Nine in Crackdown on Alleged Hamas Funding Network


Italian authorities have arrested nine people accused of channeling money to Hamas through a network of charities operating across the country. The operation, led by anti‑terrorism and financial crime units, targeted what investigators describe as a sophisticated system designed to disguise illicit transfers as humanitarian aid.

What Investigators Say

  • The suspects allegedly diverted millions of euros collected by charitable organizations and redirected the funds to entities linked to Hamas.
  • Police carried out coordinated raids across multiple regions, seizing assets and financial records believed to be tied to the scheme.
  • The investigation began after authorities detected unusual financial activity involving nonprofit groups, prompting a broader probe with support from European partners.

Why It Matters

The arrests highlight growing concerns across Europe about the misuse of charitable structures to finance militant groups. Italian officials say the operation underscores their commitment to disrupting international funding pipelines and preventing the exploitation of humanitarian channels.


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