11:32 AM EDT, 10/06/2025 (MT Newswires) -- In a break with tradition, Canadian federal budgets will now be released in the fall instead of the spring starting this year, CTV National News reports on Monday.

The fall fiscal update, meanwhile, will now be tabled in the spring.

It's a change that comes less than two weeks after the parliamentary budget officer estimated a sharp increase in the deficit to $68.5 billion.

Finance Minister Francois-Philippe Champagne is scheduled to deliver Budget 2025-26 on Nov. 4. The minister says this move will increase transparency in how the government is spending taxpayer dollars.

Prior to the election in April of the current Liberal government under Mark Carney, budgets were usually released in the spring followed by a fall economic statement.

This change in the timing of the budget is part of the government's new Capital Budgeting Framework, which will also distinguish day-to-day operational spending from capital investment.

In a background briefing with reporters on Monday, senior government sources with the Department of Finance said this new framework will "enhance - not replace - existing financial reporting, while providing a clearer picture of the investments that strengthen Canada's economy."

Going forward, spending that is not categorized as capital investments will be considered day-to-day operational spending. Those expenses include health and social transfers and the cost of running government operations like employee salaries and benefits.

Capital investments include funds the federal government will direct towards major projects such as ports and pipelines, along with investments to grow the housing stock.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)