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Canadian politics, policy & the country's place in the world

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Daily Brief

Evening BriefThursday, November 5, 2026

Ottawa's second Carney budget, tabled Thursday, sets out $142.1 billion in new spending alongside immigration, homelessness and infrastructure measures. Trade developments with the European Union and the United States also drew attention.

By CanadaNext Editor · · 7 stories

  1. Energy & Economy

    Carney government tables 2026 budget with $142.1 billion in new spending

    The Carney government's second budget proposes $142.1 billion in new spending to spur growth and ease affordability pressures. It projects a $62.3-billion deficit, with an unexpected windfall used for new investments.

    Sources: CTV, CTV, iPolitics

  2. Leadership & Policy

    Budget keeps immigration levels steady, offers permanent status to 200,000

    The updated immigration plan keeps broad admission targets for permanent and temporary residents largely steady over the next three years. Up to 200,000 longtime temporary residents who have already applied could be offered permanent status.

    Sources: CTV, Global News, National Post

  3. Leadership & Policy

    Budget sets goal to end homelessness within ten years

    The Carney government is promising to end homelessness in Canada within a decade, with a focus on transitional housing and work with the provinces. The commitment is part of Budget 2026.

    Sources: CTV, Global News, CBC

  4. Leadership & Policy

    Budget commits $32 billion for First Nations infrastructure over decade

    The budget commits $32 billion over 10 years to repair, replace and build First Nations infrastructure, plus $3 billion for health services. The Assembly of First Nations says the work will require more.

    Sources: CTV, Global News

  5. Energy & Economy

    Bank of Canada keeps two per cent inflation target in renewed mandate

    The Bank of Canada and the federal government have agreed to keep the two per cent inflation target at the core of the central bank's mandate.

    Source: CTV

  6. Energy & Economy

    Brussels drops ratification language from EU summit trade statement

    Canada's envoy to the European Union says Brussels removed language about ratifying the decade-old Canada trade deal from a joint statement issued at the summit in Montreal last week.

    Source: CTV

  7. U.S.–Canada

    Canada-U.S. trade talks progressing, though a deal could raise mortgage costs

    Canada-U.S. trade talks are progressing, and an analysis examines how a deal could make mortgages more expensive.

    Source: The Globe and Mail

Prepared by the CanadaNext Editor with AI assistance from public reporting and CanadaNext's own videos. Sources are linked. How we work