Finance Minister François-Philippe Champagne presented a Canadian budget centered on stimulus, infrastructure, and tax cuts following a U.S. election that triggered sharp declines in AI-linked stocks and boosted renewable energy shares. The budget targets housing, electrification, and startups, while internal Republican divisions may ease future trade tensions between the two countries.
A new Canadian federal budget proposal would allow seniors to keep their Registered Retirement Savings Plans after age 71, eliminating the mandatory conversion to a Registered Retirement Income Fund. A public consultation on the plan runs until January 8, 2027.
The Government of Canada has released its 2026 budget, introducing a $36 billion 'Mega Deduction' aimed at closing the productivity gap with the U.S. Parliamentary Secretary Ryan Turnbull will discuss the measures in Milton, Ontario, on November 9, 2026.
Budget 2026 introduces a temporary top-up to the Groceries and Essentials Benefit, expands the Canada Workers Benefit, and commits $11.2 billion over four years to homelessness initiatives. Analysts warn that temporary measures and gaps for non-tax filers and students may limit the budget's reach among the most vulnerable.
Budget 2026 consolidates the tax filing deadline to May 15, extends objection timeframes, introduces optional flat-rate deductions, raises installment thresholds, and offers new incentives for businesses and low-income households.
The Nova Scotia Energy Board will adjust prices for all grades of gasoline at 12:01 a.m. on Saturday, Nov. 7, 2026, citing significant market shifts. Diesel prices are not affected by this adjustment.
Finance Minister Francois-Phillipe Champagne's Budget 2026 proposes merging RRSPs and RRIFs into a single 'RRSP-for-life' account, eliminating the mandatory conversion at age 71 while maintaining minimum withdrawal requirements.
Furnace oil prices in Nova Scotia have fallen roughly 40 cents per litre from a historic September high, saving homeowners over $370 on a standard tank fill. The correction followed U.S. midterm election results, though current rates remain about 50 per cent above historical averages.
The Province of Nova Scotia and the state of Vermont have signed a three-year Memorandum of Understanding to explore exporting electricity from Nova Scotia's offshore wind projects to New England. The agreement focuses on transmission collaboration and grid integration but does not commit Vermont to purchasing power.
Gasoline and diesel prices in Nova Scotia fell in early November 2026, reaching levels not seen since August. The reductions coincided with heavy U.S. Republican midterm losses and JD Vance publicly blaming the conflict with Iran for the party's defeat.
The Nova Scotia Energy Board reported decreases in minimum gas and diesel prices for Zone 1, which includes Halifax, Hants, and part of Colchester counties, effective November 6, 2026.
China has extended tariff-free access for Canadian lobster, crab, canola meal, and peas until the end of 2028 under a broader trade agreement that also allows up to 49,000 Chinese electric vehicles into Canada annually. The deal is helping Nova Scotia's seafood industry recover after retaliatory tariffs caused live lobster exports to China to plummet from 23,000 tonnes in 2024 to 8,500 tonnes in 2025.
Prime Minister Mark Carney's 2026 budget strategy relies on a $36 billion productivity mega-deduction and capital gains exemptions to spur economic growth, though critics warn that projected debt service costs of $85.5 billion annually by 2030-31 leave Canada vulnerable to global shocks.
After a 55.5 per cent increase over five years, Canadian beef prices are beginning to stabilize as cattle herds expand. However, tight North American supplies and high production costs mean consumers should not expect significant price drops.
The 511-page federal Budget 2026 proposes moving the individual tax filing and balance-due deadlines to May 15 for all Canadians, including the self-employed, as part of broader measures aimed at enhancing economic sovereignty.
Prime Minister Mark Carney’s Liberal government presented its second federal budget on Nov. 5, projecting a $62.3 billion deficit for 2026-27 while announcing $142 billion in new spending over five years, including major investments in housing, infrastructure, culture, and affordability measures.
The Government of Canada and the Bank of Canada have renewed their monetary policy framework for five years, keeping the 2% inflation target at the midpoint of a 1% to 3% control range through December 31, 2031.
Canada and China have extended a trade agreement granting Chinese market access to Canadian lobster and crab for two additional years, until the end of 2028. The extension brings relief to Nova Scotia's seafood industry after tariffs previously caused nearly a quarter-billion dollars in lost sales, though some exporters remain disappointed that duties on species like whelk and sea cucumber persist.
Maple Leaf Foods CEO Curtis Frank announced during a third-quarter earnings call that the company will raise prices again in the first quarter of next year, citing accelerating inflation, higher fuel costs, and increased poultry prices. The move follows two previous price hikes within the last year.
The Bank of Canada increased its benchmark interest rate from 2.25% to 2.5%, the first hike in three years, as Governor Tiff Macklem cited persistent inflation risks driven by elevated oil prices, Middle East conflicts, and U.S.-Canada trade tensions.
Prime Minister Mark Carney will table his second federal budget on Thursday, outlining plans for economic growth, defence spending, and deficit management. The budget marks the first under Carney's majority Liberal government and sets a target of attracting $1 trillion in foreign direct investment.
Experts from the Menopause Foundation of Canada told a House of Commons committee that unmanaged menopause symptoms cost the economy $3.5 billion each year and result in 540,000 lost workdays. The foundation is calling for mandatory medical training, national care standards, and workplace action plans modeled on upcoming UK legislation.
Following U.S. midterm elections, Canadian aluminum leaders hope voter frustration will pressure Washington to roll back 50% tariffs. Producers have redirected roughly 800,000 tonnes of exports to Europe since March 2025 to avoid layoffs, though experts caution that 'America First' sentiments in both parties make immediate policy shifts unlikely.
The Bank of Canada raised its policy rate by a quarter point to 2.5 per cent on Oct. 28, the first increase since 2023. The move, driven by inflationary pressures from the war in Iran and resulting energy shocks, has pushed savings account and GIC rates higher, though slower economic growth and U.S. political developments may limit further hikes.
Maple Leaf Foods will raise prices in the first quarter of next year to offset inflationary pressures, including an 8% rise in live poultry costs and a 17% increase in fuel surcharges. The company reported third-quarter sales of $1.03 billion and is consolidating its plant-based operations.
Canada's services sector contracted for a fifth straight month in October 2026, with the S&P Global Business Activity index falling to 48.1. Ongoing trade uncertainty with the United States, rising input prices, and weak demand weighed on the sector, while manufacturing also slipped into contraction territory.
The Nova Scotia Energy Board used an interrupter clause on Nov. 4, 2026, to lower the minimum diesel price in Zone 1 by 13.0 cents per liter to 253.5 cents per liter, while gasoline remained unchanged at 181.6 cents per liter. The decrease coincides with diplomatic talks involving Iran, Qatar, the United States, and Israel regarding regional tensions.
The Salvation Army's 2026 national poverty survey reveals that nearly one in three Canadians skip or reduce meals due to grocery costs, with Atlantic Canada experiencing sharper increases. Rising demand at food banks in Halifax and Dalhousie University reflects growing financial strain across diverse demographics.
In the 2026 US midterm elections, Democrats secured control of the Senate and the House of Representatives, flipping seats in traditionally Republican states and electing several historic candidates. President Trump acknowledged the results while citing the Iran conflict as a factor in Republican losses.
Bank of Canada Governor Tiff Macklem defended the central bank's decision to raise its policy interest rate by 25 basis points to 2.5%, citing the need to prevent energy-driven inflation from spreading across the economy.
