4th September 2024 News Takeaway

[00:00:01] Speaker A: And now news Takeaway Connect FM 91.5 news Takeaway segment the Shrovati good morning Vijay good morning. [00:00:25] Speaker B: Connect Nal connect Good morning. [00:00:51] Speaker A: And that's the truth of it for bank of Canada a prayer inflation cut Dirandi sustained unemployment data sets overnight lending rate cut k 4.25% Hogia parade prime rate cut kina Hogya 6.45% so che. [00:01:35] Speaker B: Points at percent 25 basis points overnight lending rate Sabachar percent the prime rate 6.45% hoge Joe Ajdi Biyanjari Keta bank of Canada monetary policy report so Ikbara brief statement good for us global economy can the global economy second quarter they which type percent growth canadian economy second quarter they which 2.1% growth so global economy they at least second quarter it's in line with the July Monetary policy report so July Monetary policy report global GDP second quarter the. [00:02:52] Speaker A: Euro area Olympics Paralympics Summer Olympics tourism overall investment. [00:03:14] Speaker B: For Europe manufacturing has been very manufacturing has. [00:03:17] Speaker A: Been very slow so oi cause of concern for cause of concern European Union the central bank so aged economy the Mari Kabar Hoagi Economy central banks interest rate vasud inflation the Galvi J Kariya Pame America Eurozone Hove Canada hove inflation world over the China Devichvi domestic demand growth impact Horiya and like you mentioned Canada the GDP the numbers I see Canada the GDP Deviya Parvasudi both contributing factor Osakarcharya yeah so GDP devit second. [00:04:21] Speaker B: Quarter bank of Canada interest rate cut Karega GDP so contributing factors government spending the which Bada Hoyasi plus Nalevi Dasya Gyasi k month over month 0% growth July which we have preliminary estimates GDP flatline Kara so third quarter GDP growth rate second half of this year GDP growth second quarter GDP policy report. [00:05:38] Speaker A: Inflation number jonah I believe GDP the numbers Hona Jedi Hongi Ovi later this month interest rate the announcement Honeyaqi GDP Devi though sorry inflation Devi Dovakovakra data set Sachuke Hongi unemployment numbers later in October so 30 labor market corresponding wages inflation bank of Canada vast central banks vaste. [00:06:46] Speaker B: Interest rate policy seven GDP GDP population growth now compared to 10% yes population growth 10% GDP Sadi Bhadriya 2.8% so per capita GDP per capita GDP the numbers olagatar pishley chase quarters so per capita GDP sadi decline kara cause of concern so TK monetary policy de lehas numbers the stats de lehasto egal tika 2.1% is more than projected but clearly it's not enough it's not enough 2.1% a TikTok number growth rater good GDP growth rate. [00:07:41] Speaker A: Discussion Chalria Odeh unintended consequences Otokata Honasi Jake services the creed of Rokata products the krido ultimately combination. [00:08:17] Speaker B: Gross domestic productivity productivity productivity emergency they call caroline rogers so overall so bank of Canada of course so they also know they are also cognizant of this the lounani mentioned Kitiana global economy US economy Euro Area China global inflation Fajita Canada the GDP second quarter was double GDP growth inflation can they hold inflation contributing factor has shelter prices governing council overnight lending rate benchmark rate 25 basis points. [00:09:38] Speaker A: Most likely US Federal Reserve the meeting later this month Paramrikali Ajvadara five to 5.25% on other overnight lending rate central Bank Federal Reserve the meeting honeya Navy. [00:10:18] Speaker B: So next interested decision so Ikak Tubar Ali announcement so sola overnight landing rate five and 2.25 so overnight lending rate. [00:11:26] Speaker A: The Hobi Jandiya the prime rate Fairvikat K Jedi percent there 1.75% ticket of the HoR 1.25 sava percent sorry so ode which point 45.2 the Aga Kat K 5.2% variable rate mortgages othe prime rate Nal Jude Hoy Ikma horror analysis Greater Vancouver Greater Toronto Area real estate investors British Columbia real estate the activity they point of view to bethe property investors then one of the mortgage rate 2.49% property prices of course if you make a bigger down payment but if you are making the minimum down payment and you are buying an investment property 2.49% property the 2.49%. [00:13:10] Speaker B: Discount so prime minus rates demand market demand katani. [00:13:22] Speaker A: Lines of credits mortgages on the Ana Pansalali and variable rate mortgages discount on the prime tone. [00:13:41] Speaker B: Discount in his so Ethan bank of Canada Valley penny we don't expect pandemic village interest rates 25 basis points they cut 75%. [00:14:44] Speaker A: Dalar Tahun Mukhe Paisi Galata Sokda Sabai Mithra so Iraswagatwikita Decision Udarkard Udhar Khadi Keshta Hakatgi Udarkardi Kestahadgi Changatu Mera Sathni Chadaya Kayandita Sokda Sani Bali Honta Baliya Thakagiyah Banka Sabkoji Chattalay Katagay Dalar Ikvi Jordan Vimurdaniya Dosalato Viajidita Kurmanu Vas Dajhidita Mera Murgado Mera Murghadasani Bilo Pedalani Sabaksikayasa no Siddhartha Saridani Chadar Vichi Renasiki Malma Londamitro Wakti Mudda Ponda Mithra Vakti on Utonda Mithro Kihoyaj Kate Businesswari Pataki Pegai Tandrustinu Pal Hemitro Pesa Hathadi Mal Hemitro Dansi Valiya Dalar Apan Lenay Ferbanabelio Agia Sukhadasa Belio Khache Danikata Belio Sokarakana Rabelio Wakt Egaya Sikha Value Singh Dansi Valjivalo announcements Kong BC United BC Conservative BC Conservative accommodate Kimikarna John Rustade candidates nominate Kita candidate onu move around Kejado Opposition Hona Bakiya election is campaign Dharan he John Rustad Nohanapni is stance already nominated candidate Nurani Halonani. [00:18:13] Speaker B: Vadita BC United the apnea campaign suspended Karanto Pelagi United BC United the leader Kevin Falkarn Apnea Sarahi incumbents BC conservatives election ladendi at least on a support Karo so BC Conservatives candidates candidates BC United they could incumbent mlas plus Jedi Punjato Jada Saride Kehono BC Conservative. [00:19:12] Speaker A: BC United Najali research Kiti Hoisina BC Conservatives the candidates candidate social media information Osari research. [00:20:07] Speaker B: Kevin Falcon Peter Milabar Ian Payton they travel Halford Peter Milabar Kamloop center. [00:20:25] Speaker A: To election laden Gay existing riding existing. [00:20:27] Speaker B: Riding BC conservatives the Ian Payton Delta South BC conservatives Delta south to election travel Halford Surrey Whiterock White Rock to Pena BC conservatives Brian Tapper no announce Kita Hasi Bhatar candidate social media Post Pisces Brian Tapper no force Kita Jarasi Bully Kitajara CK o sari Panorama to Jaki election they did the right thing the mega man dependent. [00:21:23] Speaker A: BC conservatives BC conservatives Honor Ace banner hate hustle Devichon BC Liberal as recently BC United party see. [00:21:36] Speaker B: Conservative yeah so a Saria so Jedi incumbents Peter Miller Ian Payton Trevor Halford BC Conservatives BC conservatives the Vich. [00:21:48] Speaker A: Bitkan currently on the elections riding the Namhon Valahe Kooteni Rockies Otoho Current MLN on BC conservatives candidate hairstone so conservatives Valon Shipitkanjali neighboring riding a rebel stoke value I am a much better suited candidate Kim represent Karama Ethirdae but Joan Karandita as an independent hostagra Mike Bernie Pakal Galkarisi Peace river as an independent he chandarniya so vasudi independent Sali Galbadi Atki Vidaansabad minimum Jkte Jestranda momentum banaya hoya dura clear majority hani independence de Hatha de Vich Sari Jalipatten Premier Vanega Osare Pateb independent. [00:23:27] Speaker B: Independence no green party chances are that might be the case. [00:23:34] Speaker A: Modern political history British Columbia Independent candidates Vicky Huntington Delta South Ali CT JT BC Liberals candidate Bhatti Votanto Jetesi those are now the Vichonane volleyopal Nuhariasi the Star candidate those are Nawala election where those are Therawala election view of Batar independent He Jitesi Vicky Huntington 2017 basically Lambe Hogesi Otobado Se Ridington on Ian Payton Delta South Ian Patan Hona BC. [00:24:20] Speaker B: Conservative the ticket independent yes so incumbents but BC United Day so Shirley Bond Todd Stone to Jackie Taggart candidates so Colombia river rebels BC Conservatives original candidates AJ Wolf Oran replaced Kartagaya BC United McKenna Bernabi North Tom BC Conservatives Original Omidbar son Simon Chandler replaced Geeta Gahe BC United the Omidwar Michael Vudenar Simon Chandler Burnaby East Burnaby East Isetra Nanaimo Gabriola Etho BC United de Omidwar son Dale Parker a BC Conservatives reelection laden Keenan Adams Jade Pela BC United conservatives on a chessboard can they bc the democracy Vastopela nomination process on the in our consultation. [00:25:45] Speaker A: Well speaking of nomination processes nomination process via Ivashi Hondanira Ode which we asav then our candidates place Kitajandhane candidate on the party premier Banesi although membership deserve Anjali Apadurai membership activist Venga Ndpadurai leader Banjan de party premier Onani Hona Siton Climate land rights Nulaki Ultra left wing ultra left wing sorry Panoramali riding the Vichy the Ona de Hakinesium narrative south asian woman male candidate transfer Kita Sara Sara Kirk. [00:27:34] Speaker B: But given he. [00:27:35] Speaker A: Was BC united though BC United. [00:27:40] Speaker B: So BC conservatives right yes to my honestly to my surprise is Ghana so there is a slight possibility KBC conservatives no is Sari Jortoda Apna Mizvar Badlandaja. [00:28:25] Speaker A: Kit south of the Fraser Kai Ho Reho Jiteki maybe BC conservatives vast opening Hosakdiya Par Othe Umidwar Kamzor Hon Karke Hosakdabi o Jira Moka capitalized BC conservatives Nakar Sakhan but what you are saying campaign temporarily hobbies Jarathusi Kamkaj Khadiyota family the Taima preferences you have to basically put your life on hold precious hours j events jite. [00:29:27] Speaker B: So the storm has probably settled now or survive Kargani so seraph White Rock otherwise Newton Guilford Fleetwood changes. [00:30:09] Speaker A: Nayomithur irritants Jedi Real Kodu concerns campaign offices the opening Delta Deviche Landlords program office the opening Mokyo the BC conservatives. [00:30:50] Speaker B: Almost Ek Hafta campaign yes, you're right BC conservatives platform announcements but nothing that. [00:31:22] Speaker A: Sticks. [00:31:34] Speaker B: Public memory so honey ugly interested announcement to pella yes yes so they have to pick up. [00:32:00] Speaker A: Door to door candidates politics Kaya Jahevin effectively os message no communicate karapondini idean to see Kinney effectively communicate karpanyo the ode. [00:33:09] Speaker B: So it's not an easy job it's not an easy job all the best to everyone. [00:33:15] Speaker A: Being a notary is not an easy job either vasuji quickly galk NDP federal NDP retreat labor critic name? Matthew Greenhouse but NDP Valo confidence and supply agreement Justin Trudeau the party agreement as everybody knows K Ace agreement no Marchitak Ace agreement Justin Trudeau the minority JDK confidence basically Trudeau Pachito Pella is supply and confidence agreement the Madhata NDPN wapas khetiya retreat Choniya so Matthew Green. [00:34:22] Speaker B: We will have very tough conversations about this agreement tough conversations istopala strikeout for the viewpoint Kihei right labor dispute work stoppage work stoppage so NDP vale you know oppose karangay binding arbitration labor minister nay binding arbitration lagu Karthi J Labor dispute ahadi karigurogya negotiation so escarque I think did a Labor critic name Matthew Greenhouse ode but a tough conversation Karangay is Kasa Bari confidence and supply agreement here kasa Spanish so Ahona Degnayaki Kasa Pena renovate Kitajanda renovate Yoki Matthew Green Liberals know additional steps agreement it remains worthwhile for Canadians. [00:36:14] Speaker A: Negotiate Karani Samarathasi Osakar Natiya Rahi billion dollar industries impact Honeya Industries. [00:37:15] Speaker B: Ko unions yes Conservatives Railway strike the Conservatives Bolinijarikita opportunity here Ontario Jake Automobile Worker Union Electric vehicles Domestic jobs Protect Karna Chonaya so we unions. [00:38:33] Speaker A: Conservatives Fiscal management Valasanihana Conservatives the fiscal responsibility Olokanu Samaj Pandapi deficits Governance Party Vasokini Honwari Conservatives Economic crisis the sub to what the benefits root Habari under the. [00:39:29] Speaker B: Leadership of Pier Polya Covid-19 the impact of society Covid-19 villages economic demand interest rates almost zero inflation supply chain impact monetary policy Mass education is you're right monetary policy Fiscal policy Fiscal deficit Sarkar government expenditure Debt fiscal deficit this is something happening in Ottawa fiscal deficit at debt KUJ procedural cause and effect relationship so inflation inflation cartridge Interest rate cutter Canadians Dinner Table yes listeners Kinney Kalvijay excitement 0.25 Kategagi 0.5% Kataga mass level take Canada Just inflation. [00:41:31] Speaker A: Global Badharthe Prana. [00:41:33] Speaker B: Messaging Apni Galti Kar koi Sanu Multiple times Agent economy at least messaging untested opposition leader Nay Prime Minister the Otika messaging untested yes Covid-19 Kirke Economics. [00:42:55] Speaker A: One of the pair Nilsaki pandemic effectively so Vekna federal election Honkadon NDP the Montreal the which Honwali Caucus retreat okay, just introduce. [00:43:32] Speaker B: Additional Shartan to see AV programs Lagukaro support wapas it would be very. [00:43:41] Speaker A: Interesting to see. [00:43:55] Speaker B: Thank you Vijay.