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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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Pakistan and Afghanistan Enter Open Conflict as Major Cities Come Under Fire

 

                               Pakistan declares 'open war' with Afghanistan and launches strikes on Kabul


Pakistan has formally declared “open war” on Afghanistan after a dramatic escalation of cross‑border attacks, marking one of the most serious confrontations between the two neighbors in recent years. According to multiple reports, Pakistan launched airstrikes on major Afghan cities—including Kabul, Kandahar, and Paktia—following what it described as Afghan‑initiated assaults on Pakistani border positions.

Afghanistan’s Taliban-led government responded by claiming it had carried out retaliatory strikes on Pakistani territory, targeting military bases and strategic sites. Explosions were reported in several Pakistani cities, though Islamabad stated that these drone attacks caused no casualties.

Pakistani Defence Minister Khawaja Asif said the country had “run out of patience”, accusing the Taliban of harboring militants and destabilizing the region. Afghan officials, meanwhile, insisted their operations were a direct response to Pakistani incursions along the Durand Line. Both sides report heavy losses, though casualty figures remain unverified and sharply disputed. 

The situation continues to evolve rapidly, with fighting reported near key border crossings and fears rising that the conflict could widen if diplomatic channels fail.

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