Monologue: Putting Budget 2026 in Perspective (Podcast)

Top headlines focus on "affordability" but ignore context

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Artwork for The North State, a version of The Catch logo over Parliament Hill

This week on The North State, I breakdown how the coverage of Budget 2026 pushes the government line and challenges very little that's actually wrong with the spending plan. RSS feed here. Apple Podcasts link here.


Description

Shortly after the US midterms, the federal Liberal Party released their budget for 2026. Nearly every headline summarizing the document focused on the budget's talking points on affordability, sovereignty and business. But once the details are examined, the hollow proposals couch language, bypass real problems and omit the material reality of where this year's unexpected revenue comes from. Scott sits down to walk through how the budget has been covered, what's misleading or omitted and what Canadians should look out for when reading coverage on the federal government's financial situation.

Sources and Further Reading

Carney's 2nd budget earmarks billions for affordability and Canadian sovereignty - CBC News

Carney government unveils $142B plan to boost economy, affordability in Budget 2026 - CTV News

Carney’s second budget to focus on affordability, sovereignty - Globe and Mail

Mark Carney’s big-spending budget pours billions into housing, business and benefits as deficits persist - Toronto Star

Budget 2026 projects more revenue, but future deficits to rise - National Post

Carney's new budget aims to end homelessness in 10 years - CBC News

Carney government aims to end homelessness within decade with billions in new spending - Toronto Star

Canada’s housing crisis isn’t being caused by foreign investors. It’s being caused by investors, period - Ricochet

They had a life that they tried to save - Nora Loreto

How tax breaks are worsening Canada’s housing affordability crisis - Canadians for Tax Fairness

Build Canada Homes was launched a year ago. Can it scale up fast enough to meet demand? - CBC News

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

Budget raises questions about defence spending targets after 2030 - CTV News

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says - The Guardian

Why Green Energy Will Be the Big Winner of the Iran Crisis - The China Global South Project

With Hormuz Closed, China Is Wiring the Globe’s Clean Energy Future - Council on Foreign Relations

IEA Sees Renewables Surging World-Wide as Countries Seek Energy Security, Lower Costs - The Energy Mix

Ottawa makes $6B investment in Canada's spy agency over next decade - CBC News

Mark Carney Promises CSIS Massive 60% Budget Increase - The Maple

Feds to spend $1 billion on digital transformation of public service - CTV News

Feds to buy stake in Cohere via planned $7-billion Series E at $36-billion valuation - Betakit

Super El Niño set to cause ‘terribly dangerous’ drought in the Amazon - New Scientist