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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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Trump and Netanyahu Prepare for High‑Stakes Talks on Gaza Strategy

US President Donald Trump gestures next to Israeli PM Benjamin Netanyahu at Ben Gurion International Airport in Lod, Israel.

U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are set to meet at Mar‑a‑Lago to discuss the next phase of the Gaza plan, a pivotal moment as both sides navigate a fragile and evolving ceasefire framework.

The first stage of the plan has focused on reducing hostilities, securing the release of hostages, and coordinating limited Israeli withdrawals. While the ceasefire has largely held, progress toward the next phase has slowed, raising concerns about long‑term stability.

The upcoming discussions are expected to center on the more complex second phase, which involves questions about Gaza’s future governance, security arrangements, and the role of regional partners. Trump is aiming to accelerate momentum and reinforce U.S. leadership in shaping the post‑conflict landscape, while Netanyahu is expected to emphasize Israel’s security priorities and the broader regional threat environment.

The meeting underscores the high stakes surrounding Gaza’s future and the delicate diplomacy required to move the process forward.


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