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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 Slip as Tech Weakness Marks Final Week of 2025

U.S. stock futures edged lower Monday as markets entered the final trading week of 2025, with declines in major tech names weighing on sentiment. Nasdaq futures led the pullback, pressured by early drops in Nvidia and Tesla, both of which slipped more than 1% in pre‑market trading.

S&P 500 futures dipped modestly, while Dow Jones Industrial Average futures also traded slightly in the red. The soft start comes after a strong December rally that pushed major indexes near record highs, fueled by optimism around artificial intelligence, easing inflation pressures, and expectations for rate cuts in the year ahead.

The tech sector’s stumble coincided with volatility in commodities. Silver, which briefly surged above $80, pulled back sharply, and gold futures also retreated after touching fresh highs last week.

Despite Monday’s early weakness, all three major indexes remain on track to close the year with solid gains, capping a dynamic 2025 defined by rapid shifts in investor sentiment, powerful AI-driven momentum, and renewed interest in cyclical sectors.


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