
So yes, I know, stories about today's Canadian Budget can look pretty dull.
But while most of the coverage is about what our taxes will be, it's more important to look at what the government will do with that money.
Whoa...did not see this coming... It's ambitious - but it's a good ambition! www.cbc.ca/news/politic...
— The Werewolf (@thewerewolf.bsky.social) November 5, 2026 at 8:39 PM
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Alright alright alright, now we're talking!
— John Muller (@mrjohnmuller.bsky.social) November 5, 2026 at 3:55 PM
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Here is the CBC At Issue discussion:Budget 2026’s major housing and homelessness investments give Canada an opportunity to move more people into affordable, safe, and stable homes. Municipalities are ready to deliver. Full reaction to follow. #CDNMuni #cdnpoli #Budget2026 @timtierney.ca
— FCM (@fcm.ca) November 5, 2026 at 3:25 PM
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TLDW (Too Long; Didn't Watch) General concensus that Canada should hold off on making any kind of trade deal with Trump until we evaluate what the impact of the Mid-Terms will be, and whether Congress will be able to regain control of trade. General approval of the budget goals, particularly reconciliation initiatives, ending homelessness, and increasing competition in data services.
Mark Carney: "The debt-to-GDP ratio... I don't know what the leader of the opposition's inability to actually read the budget -- the debt-to-GDP ratio is down by 3 percentage points."
— Scott Robertson (@sarobertson.bsky.social) November 5, 2026 at 6:04 PM
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APTN’s Fraser Needham shares the details on the federal budget released by Prime Minister Mark Carney’s government earlier today, including the billions that will be going towards Indigenous priorities.
— APTN News (@aptnnews.bsky.social) November 5, 2026 at 6:30 PM
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— The Globe and Mail (@theglobeandmail.com) November 5, 2026 at 7:29 PM
I thought this was a very interesting summary graph: I guess Trump crashed and burned just in time. It seemed like some pundits are delighted to return to bashing the Liberals over the deficit... which is, due to oil revenues, actually in better shape this year than it was projected to be. Oh.🇨🇦 Carney's new budget includes $300M more for CBC/Radio-Canada over two years, $11.2B for homelessness, expanded grocery benefits and major cultural investments. Local journalism and Canadian storytelling are getting new support. Will these commitments deliver lasting results?
— Save the CBC 🇨🇦✌️ (@savethecbc.bsky.social) November 5, 2026 at 3:30 PM
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Tasha Kheiriddin: The federal government's sea of red ink can no longer be ignored nationalpost.com/opinion/tash...
— National Post (@nationalpost.bsky.social) November 3, 2026 at 9:00 PM
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Yet somehow the budget was also too "corporate" for some othersA striking feature of recent budgets: the sharp and growing divergence between the budget deficit and the government's "financial requirement," which includes off-budget activities. Until recently there was little difference between the two. Now the gap is enormous. https://t.co/edCERyGMb7
— Andrew Coyne 🇺🇦🇮🇱🇬🇪🇲🇩 (@acoyne) November 6, 2026
The feds have produced a big business budget masquerading as the answer to cost of living @davidmaccdn.bsky.social #cdnpoli #cdnecon www.policyalternatives.ca/news-researc...
— CCPA — Canadian Centre for Policy Alternatives (@policyalternatives.ca) November 5, 2026 at 4:54 PM
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Premiers Cheer, Ottawa Shrugs What happened: Ontario Premier Doug Ford says the U.S. midterm results give Canada “a little more leverage.” Saskatchewan Premier Scott Moe calls them a chance to reset the relationship and restore free trade. But Canada-U.S. Trade Minister Dominic LeBlanc is downplaying expectations, saying Ottawa will see over the coming weeks whether anything changes at the negotiating table.This is a story from Apple News but I hadn't seen it anywhere else
My take: The premiers can celebrate. Ottawa can’t afford to. Trump still holds the tariff pen for two more years, and nothing angers him more than a gloating trading partner. LeBlanc’s caution isn’t weakness - it’s smart negotiating. The leverage is real. The trick is using it without saying so.
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