Canada's Budget Shows A 'Bigger Government', As PM Tries To Shore Up Economy

Prime Minister Mark Carney unveiled his second federal budget on Thursday, November 5, 2026, titled "Masters of Our Destiny." The plan adds C$142 billion in new spending over five years, helped by higher-than-expected oil revenue, and leaves a deficit above C$50 billion with no path back to balance. It sets aside C$11.2 billion over four years to end homelessness within a decade, C$6.5 billion for forestry businesses hurt by U.S. tariffs, and C$2.7 billion for Canadian space and rocket-launch capability, while immigration levels stay flat. Source: BBC News, November 5, 2026. Original article: https://www.bbc.com/news/articles/cwdr87r8pjlvo

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