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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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Jury Selection in Trump’s Hush Money Trial: A Pivotal Stretch

 

The first criminal trial of a former U.S. president has entered a critical phase as jury selection continues in the case against Donald Trump. The trial centers around allegations that Trump falsified business records to conceal a hush money payment to adult film star Stormy Daniels, who could have impacted his 2016 presidential campaign.

Key Points:

  1. Jury Selection Process: The trial, taking place in a Manhattan courtroom, aims to select 12 jurors and several alternates from a pool of 96 prospective jurors. The process could last up to two weeks. Seven jurors have already been chosen, including an oncology nurse, a software engineer, an information technology professional, a sales professional, an English teacher, and two lawyers.

  2. Charges Against Trump: Trump faces 34 felony counts related to falsifying business records. The payments to Michael Cohen, his former lawyer, were falsely labeled as legal services rather than hush money. Prosecutors allege that this was done to conceal violations of federal campaign finance laws and to hide a plan to break New York tax and election laws.

  3. Trump’s Defense: The former president has pleaded not guilty. His legal team is actively participating in the proceedings, engaging in motions and discussions with the Manhattan District Attorney’s Office.

  4. Implications: Once the jury is finalized, opening statements will begin. The trial is expected to last between six and eight weeks. If convicted, Trump could face serious consequences.

As the trial unfolds, all eyes are on the courtroom, where history is being made. The outcome will shape the legacy of a former president and set a precedent for future cases involving high-profile figures.


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