Air Canada starts cancelling flights, BC Public sector under Scrutiny, Politics continue on BC Ferries decision to buy Chinese Vessels.

[00:00:01] Speaker A: And now News Takeaway. [00:00:22] Speaker B: Connect FM 91.5 News Takeaway segment. [00:00:29] Speaker A: Good morning Vijay. Good morning Connect now connect Good morning. Yeah, but not yet. [00:00:47] Speaker B: Not yet. [00:00:55] Speaker A: Nip in the air. [00:00:59] Speaker B: Temperature maximum temperature Metro Vancouver is 21 degrees Celsius beginning of the week by the end of the week. So that's quite the difference. Careful Randy Loda Air Canada to flight like a kit. [00:02:16] Speaker A: Yeah. So Jobs minister Patty Haidune labor code the section 107 Istamal Karke labor Minister binding arbitration Lagukarani request strike is imminent now so labor minister binding arbitration most likely union will say no Will the minister still go ahead with it Regardless so wait and watch. [00:03:17] Speaker B: Federal mediators over Canada Post rally strike Canada Post the Canadian Union of Postal Workers Canada Industrial Relations Board Lagpak Satar percent union members. [00:04:24] Speaker A: Over time. [00:04:30] Speaker B: Since May so over time. [00:04:40] Speaker A: Yeah so wages Canada Post Valley offer Karani the compound offer Karani compound 13.59% the union part time workers the union full time workers. [00:05:40] Speaker B: Industrial Inquiry Commission the report I.C.G. you know William Kaplan I think we have to wait until Monday. [00:06:30] Speaker A: It's high time now. Okay Corporation. [00:07:36] Speaker B: Public sector not public service. [00:07:39] Speaker A: Yeah public sector. [00:07:56] Speaker B: Private sector Private sector jobs. [00:08:05] Speaker A: Private sector Yes public service specifically so public service the public sector basically public sector is sector funding that is public sector so public sector public service that is specifically we owe mulazam that is public service public service. [00:09:04] Speaker B: Extra public sector almost 75% growth community and social services the public education program your ministry institutions. [00:09:44] Speaker A: So compensation public compensation now one may think including the health care compensation. [00:10:13] Speaker B: Yeah total budget the payroll payroll sector almost the addition of workers. [00:10:49] Speaker A: And also public sector jobs Ache manager Ache manager point Chianu managers Tara Mandyanu manage Karia. [00:11:14] Speaker B: So frontline Sade Solar frontline workers in the public education sector Sade Solar workers. [00:11:26] Speaker A: Healthcare. [00:11:29] Speaker B: So frontline healthcare sector manager vice president managerial at one point Health minister Adrian Dix. [00:11:59] Speaker A: Vice president frontline workers now you may say manager executive ranks policy making the Kamhunda manager rank health care hands on job healthcare different British Columbians healthcare workers oh workers so less than 4 less than 4 3.8 document Allied Health professional. [00:13:16] Speaker B: So that's not going to help. That's not going to help Provincial taxpayer supported data taxpayer supported debt $44 billion there was $44 billion. [00:13:42] Speaker A: Almost. [00:13:45] Speaker B: Billion dollar the operating data more than 50% debt programs that is not sustainable at all November John Horgan Premier budget deficit Naisi Kharzai in fact John Horgan premiership. [00:14:35] Speaker A: Already. [00:14:35] Speaker B: Budget. [00:14:49] Speaker A: Total provincial data the taxpayer supported that health authorities since March management level jobs O Health authorities so just review Dr. Penny Bellam head Karene so provincial health services Authority Vancouver Island Health Coach Management Rank Non union jobs Vancouver Island Health Management ran frontline. [00:15:46] Speaker B: Correct managerial position for cause Fair severance originate. [00:16:27] Speaker A: It'S us. [00:16:27] Speaker B: Not you it's us, not you exactly team members they departed they departed so were they let go because if that is not the case. [00:17:29] Speaker A: Severance on top of that collective agreements 38% in two. [00:17:52] Speaker B: Years. [00:18:09] Speaker A: More than one billion more than. [00:18:10] Speaker B: A billion dollars. [00:18:28] Speaker A: This year itself 20, 25, 26 so collective agreements Renegot fall update Koibi. [00:18:56] Speaker B: Finance Minister Finance Minister but what you mentioned for every 1%. [00:19:51] Speaker A: And. [00:19:51] Speaker B: Jake most likely offers resolution that's upwards of almost three two and a half. [00:20:09] Speaker A: To $3 billion yeah per year yes contingency which we pass Billion Dol so contingency that's the question. [00:20:31] Speaker B: Wages payroll on top of that Compounding expense amount on top of it yes yes. [00:20:53] Speaker A: The bank of Canada. [00:21:01] Speaker B: Bank of Canada Unanimous consensus Bank of Canada the Governing Council bank of Canada Council including Bank of Canada Governor Native Maklam Otherwise money markets financial. [00:22:00] Speaker A: Markets. [00:22:09] Speaker B: Analysts maybe 10 rate cuts for bank of Canada the Governing Council. [00:22:26] Speaker A: Already rate cut yeah Governing Council Governing Council so they never give it they could have communicated better communication during COVID 19 we have already done more than enough to support the economy already 10% overnight lending rate bank of Canada the neutral range we have already done enough to support the economy stimulus We've already done provided sufficient support to aid in this transition Council economy which slack economy amount the amount and persistence of the slack economy labor market plus economic slack. [00:25:01] Speaker B: So. [00:25:01] Speaker A: Coach Governors. [00:25:24] Speaker B: It'S expected to stay under 3% even the worst case scenario bank of Canada Forecast Canadian economy Bank of Canada. [00:26:00] Speaker A: Interest rate Economics the basic economics the inflation controls assumptions inflation 8.0% see the bank underlying inflation before 17th of. [00:26:46] Speaker B: September I believe inflation numbers Job numbers Bank of Canada Governing Council Canadian dollar stabilize inflation the expectation bank of Canada. [00:27:46] Speaker A: Interest. [00:27:54] Speaker B: Bank of Canada Ugly meeting Stars of Commons Billions of dollars. [00:29:18] Speaker A: Yeah Canadian company Canadian workers Canadian companies They are capable of making these ships in clearly they were not they were not Canadian company Price point Wage standards Worker safety standards State owned company so we are seeing compete yeah those are Dustini Independent. [00:31:24] Speaker B: Commissioner Independent IKA Independent Commissionali Galbadi so Kisar Karlina Independent Corporation Cabinet Minister British. [00:32:32] Speaker A: Contract. [00:32:35] Speaker B: Penalties yeah so. [00:32:42] Speaker A: BC Conservatives the leader John Rustad David Ebinu Karani deal cancel Crow Peer Poly Federal Conservative Party the leader Low cost loan CIB Canada Infrastructure Bank Billion dollars the low cost loan Federal Transport Minister Transportation Minister Canada Infrastructure bank Housing Infrastructure Ministry Infrastructure bank so BC Ferries. [00:34:07] Speaker B: So BC Ferries pre qualified bidders Canadian shipyards But for the reasons that you mentioned prime reason deliverables Canadian Navy. [00:34:34] Speaker A: So Isari committee the hearing contracts they should be made by Canadian companies Canadian workers using Canadian steel Canadian aluminum. [00:35:32] Speaker B: Nothing else in fact JCBC you mentioned so no doubt Canadian ship building capability capacity in the last 15 to 20 years it. [00:37:14] Speaker A: So Conservative party of Canada Conservative Party self searching leadership review. [00:37:36] Speaker B: Yeah. [00:37:51] Speaker A: So BC Conservative Party the thin MLA election Canadian workers Canadian jobs Nationalism comes at an expense Nationalism is expensive There is no fiscal room There is no fiscal room I don't know Canadians number one concern now cost of living yeah Affordability public spending taxpayer supported that total provincial debt. [00:39:57] Speaker B: Delivery cost running operational cost will average it over the time Maintenance manufacturing capability. You can't escape that. [00:40:23] Speaker A: Contract announced Canadian shipyards Canadian shipyards yes Everybody would want. Everybody would prefer Canadian workers Canadian companies jobs in rate hone economy that's the optimum scenario is it the practical scenario. [00:40:57] Speaker B: Marine maintenance So he belongs to the industry it's very expensive and hard to get parts over the time due to aging vessels and the wear and tear it's all just dirty politics There is a lack of effort from management to resolve the maintenance issues to be very true lot of higher management personnel don't come with marine background so practically they don't give attention to the things I have been on some ferries where offered some latest systems which can integrate with obsolete system no response even they know. [00:41:48] Speaker A: System offer Gitajaro BC Ferries they call option Kisi BC Ferries they call Dusra option European company so Canadian company. [00:42:26] Speaker B: At. [00:42:27] Speaker A: Least on a local jobs Exactly Canadian company. [00:42:45] Speaker B: At least maybe ship building capacity A ferry building capacity Ferry number 5, 6, 7 We oversee BC. [00:43:01] Speaker A: & BC Ferries BC Ferries Political parties. [00:43:21] Speaker B: Opposition Strong opposition. [00:44:12] Speaker A: Ever since the election throne speech Political parties behave Karangane federal level opposition party thank you.