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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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Putin Threatens Force if Ukraine Rejects Peace Talks

Russia's President Vladimir Putin visits a command post for the joint force grouping on Dec. 27, 2025.

Russian President Vladimir Putin has warned that Moscow will pursue its objectives in Ukraine “by force” if Kyiv refuses to engage in peace negotiations. His comments followed a night of heavy Russian drone and missile strikes that hit Kyiv and nearby regions, causing casualties and widespread damage.

Putin accused Ukraine of avoiding diplomatic dialogue and insisted that Russia would continue its military campaign until all of its stated goals are met. Russian military officials reported recent territorial gains in the Donetsk region, which the Kremlin framed as evidence of continued momentum.

Ukrainian President Volodymyr Zelenskyy dismissed Putin’s remarks, arguing that the latest attacks show Russia has no genuine interest in peace. Kyiv maintains that any negotiations must respect Ukraine’s sovereignty and territorial integrity—conditions Russia has repeatedly rejected.

The exchange comes as Ukraine prepares for a new round of international diplomacy aimed at securing additional support and exploring potential paths toward ending the conflict.


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