Federal budget to boost defence, infrastructure, trade war relief: sources

CBC English
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Nov 5, 2026
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Video Summary
AI GeneratedAhead of the upcoming budget, Finance Minister François-Philippe Champagne emphasizes building Canada's sovereignty and economic growth to navigate global trade tensions. The government aims to balance the operating budget by 2028, focusing on affordability, small business support, and strategic investments in defense and infrastructure.
The finance minister's version
of an age-old tradition.
Thank
Ahead of Thursday's budget, François-Philippe Champagne,
helping make a pair of Canadian shoes,
before picking out a pair of his own.
you
Tomorrow is a big day, a big day for our country.
You know.
You know, masters of our destiny, I think,
very
with what's happening in the world.
He's pitching a budget to build up Canada's sovereignty.
During Donald Trump's trade war.
much.
You need to invest in growth.
You need to invest alongside with businesses, exports.
We need to take care of Canadians, make life more affordable.
Buy Canadians.
Exactly, I love that.
Champagne said the budget includes help for small businesses.
A senior government official told CBC News there will
also be new affordability measures
and investments in defence, infrastructure and culture.
He's tried to convince Canadians that we get out
of the mess Trump has put us in.
By shoveling more money, resources,
and corporate welfare to the biggest CEOs and investors.
And he wants us to believe that this time, this time,
it will trickle down to benefit all Canadians.
The NDP is pushing for publicly run grocery stores,
while the Conservatives want all federal
fuel taxes cut until Canada Day.
Save you money, save you money, save you money.
That's our mission as Conservatives.
And all the uncertainties that...
This pollster says affordability is still
the top issue for most Canadians,
and they want to see if the government's delivering on its agenda.
I do think that the public is still asking themselves
and wondering how long is it going to take.
Before we start to see these ideas and the things that have
been happening over the last two years start to bear fruit.
The Prime Minister has promised to balance
the operating budget by 2028, a year ahead of schedule.
And when the government opens its books,
the public will want to see how he plans to get there and at what cost.
Ashley Burke, CBC News, Ottawa.
