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Liberals to Table 2026 Federal Budget on Nov. 5
The fiscal plan comes as Canada faces tariff pressure and the Parliamentary Budget Officer expects deficits to run $3 billion higher annually.
On Tuesday, Finance Minister François-Philippe Champagne announced the federal government will table its 2026 budget on Nov. 5 in Ottawa during question period.
This marks the second consecutive fall budget under Prime Minister Mark Carney, departing from the traditional spring introduction used prior to last year.
Carney is reorienting federal spending toward an aggressive infrastructure agenda while navigating headwinds from the collapse of trade talks with the United States.
The Parliamentary Budget Officer expects federal deficits will average $3 billion higher annually over the next five years than previously projected in June.
War in the Middle East has lifted federal revenues in the near term through higher gas prices, which the PBO expects could lower the deficit for this fiscal year.