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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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Iranian Defence Leadership Reportedly Killed in Israeli Airstrikes

 

                            Iranian demonstrators protest against the US-Israeli strikes, in Tehran.


Israeli airstrikes have reportedly killed Iran’s Defence Minister Amir Nasirzadeh and senior Revolutionary Guards commander Mohammed Pakpour, according to multiple regional and military-linked sources. The strikes, part of a broader escalation between Israel and Iran, targeted high-level military figures and strategic sites across the country. 

Sources familiar with the operation indicated that both officials were believed to be inside facilities struck during the attacks. While Iranian authorities have not issued formal confirmation, the reported deaths mark a significant blow to Iran’s military leadership at a time of heightened regional tensions.

The attacks form part of a wider campaign that has included strikes on multiple Iranian cities and military installations, reflecting a rapidly intensifying conflict with potential implications for regional stability. 


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