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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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U.S. Considers 15‑Year Security Pact for Ukraine in Emerging Peace Proposal

                                                 Donald Trump shakes hands with Volodymyr Zelensky.

The United States has offered Ukraine a 15‑year security guarantee as part of a broader peace framework aimed at ending the war with Russia, according to Ukrainian President Volodymyr Zelensky.

Zelensky described the proposal as a meaningful step but emphasized that Ukraine is seeking a longer-term commitment, ideally spanning 30 to 50 years, to ensure lasting protection against future Russian aggression.

The discussions took place during Zelensky’s meeting with U.S. President Donald Trump at Mar‑a‑Lago, where both sides reviewed potential terms for a negotiated settlement. While Washington has expressed optimism that the two countries are closer to an agreement, several major issues remain unresolved — including the status of Russian forces and the future of the Zaporizhzhia nuclear power plant.

Zelensky reiterated that credible, long-duration security guarantees are essential for any sustainable peace. He warned that without them, the conflict risks reigniting even if a temporary deal is reached.

Negotiations are ongoing, and both sides acknowledge that the path to a final agreement remains complex.

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