The revenue and spending plan due Nov. 4 will start a new custom, Finance Minister François-Philippe Champagne announced, allowing Parliament to vote on budget policy before the next fiscal year’s detailed spending plans are due March 1. Instead of a full budget, each spring will now see a smaller update on government finances. (The Logic)

Talking point: Justin Trudeau’s resignation, an election and a promise by Prime Minister Mark Carney to separate operating from capital spending all delayed the usual spring presentation of the Liberals’ fiscal and economic plans. Next month’s budget will add capital and operating spending figures to the traditional presentation but total expenditures and a deficit figure will still be in there, along with other material needed for comparisons with previous years. “Capital” spending will include anything aimed at building or buying lasting assets, including transfers to provinces for infrastructure and supports for private capital investments.