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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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Operation Epic Fury: U.S. and Israel Launch Major Assault on Iran

People watch as smoke rises on the skyline after an explosion in Tehran, Iran, Saturday, Feb. 28, 2026.

A sweeping joint military offensive by the United States and Israel has struck multiple targets across Iran, marking one of the most significant escalations in Middle East tensions in decades. President Donald Trump confirmed that “major combat operations” were underway, describing the campaign as a massive and ongoing effort aimed at neutralizing what he called imminent threats from the Iranian regime. Explosions were reported across Tehran and other major cities as missiles and airstrikes targeted military and government sites. 

Israeli Prime Minister Benjamin Netanyahu framed the operation as a preemptive strike intended to eliminate an “existential threat,” while Iranian forces responded with missile attacks on Israel and U.S. bases throughout the region. Reports indicate incoming fire in countries including Qatar, the UAE, Bahrain, and Iraq, underscoring the regional scale of the confrontation. 

The first wave of strikes reportedly hit areas near the offices of Iran’s supreme leader, signaling the depth and ambition of the operation. As air defenses engaged across multiple nations, the conflict rapidly expanded beyond Iran’s borders, raising fears of a prolonged and destabilizing regional war. 

With both Washington and Jerusalem urging Iranians to challenge their government, the offensive appears to carry political as well as military objectives. As the situation continues to evolve, the world watches closely for signs of further escalation or potential diplomatic intervention. 

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