Finance Minister François-Philippe Champagne says the federal government will table a budget on Nov. 4.

Mr. Champagne, who previously suggested the budget would be presented in October, announced the date on X.

Prime Minister Mark Carney has suggested that the upcoming budget would be one of austerity and investment. The federal government has pledged to make spending cuts to its day-to-day operations while increasing spending on things like defence, infrastructure and housing.

The federal government was initially not planning to table a budget this year but changed its plans after facing significant backlash.

Mr. Carney acknowledged on Sunday that the budget will show a larger deficit than last year, given the new spending and tax cut commitments the government has made.

“Let’s look at what’s driving that. First and foremost, it’s the tariff war, the shock that’s created by that,” Mr. Carney told reporters. “Secondly, you have the response of Canada to that, which is very clear, we want to protect our industries and workers in the most effective sectors.”