Defence spending will soon outstrip health transfers — and other things we learned from Federal Budget 2026 - National Post

Copy URL Facebook Linked In X (Twitter) Loading account options Sign In Manage Account Close account menu Manage Account Sign Out Loading subscription options Subscribefor $0.50/week By Sarah Ritchie November 5, 2026 at 4:22 p.m. Last Updated: November 5, 2026 at 5:50 p.m. OTTAWA — Finance Minister Francois-Philippe Champagne has titled his second budget Masters of Our Destiny, and it includes plenty of buzzwords like investment supercycle and productivity mega deduction. It also includes more funding for arts and culture, tweaks to the tax system and a goal of ending homelessness.

Here are five things in the government’s latest spending plan.

The Canada Health Transfer – the largest single transfer of money from federal coffers to the provinces and territories – is estimated to grow to $67.7 billion by 2030-31, up from $54.7 billion this fiscal year.

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Library and Archives Canada holds records of prime ministers dating back to Sir John A. MacDonald, including personal correspondence

The Oct. 17 fire on a military base took four lives and injured 39, with 25 still in hospital as of Nov. 4