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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 Voices Support for Possible Israeli Action Against Iran

President Donald Trump shakes hands with Israel's Prime Minister Benjamin Netanyahu during a news conference at Mar-a-Lago, Monday, Dec. 29, 2025, in Palm Beach, Fla.

During a meeting with Israeli Prime Minister Benjamin Netanyahu at Mar‑a‑Lago, U.S. President Donald Trump signaled that he would back Israeli military action against Iran if evidence emerges that Tehran is rebuilding its nuclear or missile programs. Trump suggested that the United States could also take its own steps should Iran resume activities previously halted after earlier U.S. strikes.

The discussion came as the two leaders reviewed the next phase of the Gaza ceasefire plan, including the requirement that Hamas fully disarm before further progress can be made. Netanyahu emphasized Israel’s concerns about Iran’s regional influence and its potential nuclear ambitions, while Trump stressed that Washington and Jerusalem remain aligned in preventing Iran from advancing any weapons programs.

Both leaders framed the conversation as part of a broader regional security strategy involving Iran, Hezbollah, and developments in Syria, underscoring their shared commitment to countering threats in the Middle East.


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