Episode notes
Mark Carney’s Liberals are promising a balanced operating budget by 2027–28. The borrowing continues. Canadians get to keep paying for it.
Tonight, Joey and Len dig into Budget 2026, the Liberals’ accounting games, and what the numbers mean for Canadians already struggling with groceries, housing and everyday bills. Ottawa is pitching $400 billion in capital investment over six years and $22 billion in affordability measures. We’re looking at what gets called an “investment,” how the operating-versus-capital split changes the picture, and why we think the government is cooking the books.
The PBO’s review of the accounting framework flagged inconsistent classifications and a lack of public detail. We’ll get into what that means for the promises of fiscal discipline—and whether this budget gives Canadians meaningful relief from the cost of living.
Also on the show: Toronto’s election fallout, Jensen Huang’s affair and the investigation at NVIDIA, the U of T case, cyberattacks around the world, and more.
What would this budget have to deliver for you to believe Ottawa has the affordability crisis under control?
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Budget 2026:
https://www.canada.ca/en/department-finance/news/2026/11/government-of-canada-releases-budget-2026-masters-of-our-destiny.html
PBO analysis of the operating-budget framework:
https://www.pbo-dpb.ca/en/publications/RP-2627-010-S--government-operating-budget-fiscal-anchor--cible-budget-fonctionnement-gouvernement
Jensen Huang and NVIDIA’s investigation:
https://apnews.com/article/68839e7ca6ba2b121529f7e475e501d6
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