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Morning BriefFriday, November 6, 2026

Budget 2026 dominated Friday's federal news, with Ottawa projecting a steady deficit decline. Canada also heads back into trade talks with the United States, and the Bank of Canada kept its two per cent inflation target.

By CanadaNext Editor · · 7 stories

  1. Leadership & Policy

    Ottawa tables Budget 2026 with $142.1 billion in new spending

    The federal government tabled Budget 2026, proposing $142.1 billion in new spending and projecting a steady decline in the deficit. The plan adds to debt and deficit to spur growth, ease affordability pressures and end homelessness.

    Sources: CTV, CTV

  2. Leadership & Policy

    Budget offers permanent status to 200,000 longtime temporary residents

    The updated immigration plan keeps broad targets for permanent and temporary resident admissions. Up to 200,000 longtime temporary residents who have already applied would be offered permanent status.

    Sources: CTV, The Globe and Mail, National Post

  3. Leadership & Policy

    Budget lifts defence spending but leaves NATO target questions open

    The federal budget maps out a surge in defence spending. It leaves unanswered an accounting question about how Ottawa will meet its 2035 NATO defence spending commitments after 2030.

    Sources: CBC, CTV

  4. Energy & Economy

    Brussels removes Canada trade deal ratification language from summit text

    Canada's envoy to the European Union says Brussels dropped language on ratifying the decade-old trade deal from a joint statement issued after the Montreal summit. He also said the rise of far-right groups should not curb Canada's bid for stronger EU ties.

    Sources: CTV, Globe and Mail

  5. Energy & Economy

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

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

    Source: CTV

  6. Energy & Economy

    Laurentian Bank to close its services after nearly two centuries

    Laurentian Bank will close its services, bringing an end to nearly two centuries of operations.

    Source: CBC

  7. Politics

    Poilievre's deputy chief of staff to step down at month's end

    Aaron Wudrick, Poilievre's deputy chief of staff, told colleagues and Conservative MPs he will step down at the end of the month. It is the third senior aide to leave the Conservative leader's office in less than a year.

    Source: CTV

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