Budget Day: read it like a treasurer, not a headline reader.

TL;dr: Budget 2026 was tabled on November 5, with $142.1 billion in new measures over five years, a $62.3 billion deficit this year, and no path to balance, with deficits above $50 billion in each of the next four years, and the number that tells you the most about where the money is actually going is not the deficit at all, because this year Canada will spend $60.2 billion servicing its debt, about 10 cents of every tax dollar, which is more than the $57.4 billion in health transfers to the...