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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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Wall Street Futures Dip as Markets Close Out a Turbulent but Triumphant 2025

US stock futures edged slightly lower on Wednesday as Wall Street prepared to close the books on one of the most unpredictable yet ultimately rewarding years in recent memory. Futures tied to the Dow, S&P 500, and Nasdaq slipped in early trading, extending the quiet, cautious tone that has defined the final stretch of 2025.

Despite the soft finish, the major indexes remain on track to end the year with strong gains. The S&P 500, Nasdaq, and Dow all posted double‑digit advances, powered by resilient corporate earnings, easing inflation pressures, and renewed enthusiasm for artificial intelligence and semiconductor stocks.

The year was anything but smooth. Markets swung sharply in the spring after sweeping tariff announcements rattled investors, only to rebound when policy uncertainty eased. Inflation worries, shifting expectations for Federal Reserve policy, and geopolitical tensions added to the volatility, creating a roller‑coaster environment that tested investor patience.

Even so, the second half of the year delivered a powerful recovery. Tech leadership re‑emerged, consumer spending held up better than expected, and optimism returned as economic data stabilized.

The final week of December has been subdued, with several consecutive down sessions dampening hopes for a classic Santa Claus rally. But the broader picture remains overwhelmingly positive: 2025 will be remembered as a year that challenged markets early but rewarded those who stayed the course.

As investors look toward 2026, attention now shifts to the Federal Reserve’s next moves, the durability of the AI boom, and whether the market’s momentum can continue into the new year.


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