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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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Migrant Boat Sinks Off Samos, Leaving One Dead and Three Missing

A Greek national flag and a EU flag flutter inside a newly inaugurated closed-type migrant camp on the island of Samos.

A woman has died and three people are missing after a migrant boat sank early Monday off the Greek island of Samos.

According to officials, a group of 26 migrants managed to reach the island’s Petalides area and alerted authorities that others were still at sea. A large search‑and‑rescue operation was launched, involving coast guard vessels, a helicopter, a private boat, and land teams.

Rescuers recovered the body of a woman during the operation, while efforts continue to locate the remaining missing individuals. Authorities have not yet released details about the migrants’ nationalities or the circumstances that led to the sinking.

Samos, located near the Turkish coast, remains a frequent landing point for migrants attempting the dangerous crossing. Despite increased patrols and stricter border controls, fatal incidents continue to occur in the region.

Search efforts are expected to continue as conditions allow.


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