Bank of Canada holds interest rate, Green Party dropped from debate, BC introduces legislation to change the way sick leave works

[00:00:01] Speaker A: And now News Takeaway. [00:00:19] Speaker B: Connect FM 91.5 to see soon Rahe Host Good morning. [00:00:29] Speaker A: Vijayji Good morning Connect Null Connect Good morning. [00:00:39] Speaker B: Bank of Canada interest rate the announcement bank of Canada interest rate Overnight Lending Rate no 2.75% 4.95% Vasudiyaki Ajaria Meeting Escar KV Important C JD Monetary Policy Report Trade policy the economic growth or the lack of it or the lack of it Trade policy trade policy or the lack of it or monetary policy reports those scenarios. [00:02:22] Speaker A: Scope limited uncertainty. [00:02:44] Speaker B: That'S scenario number one. [00:02:48] Speaker A: Canadian growth temporarily inflation. [00:02:57] Speaker B: So that is scenario number one scenario number two Canada the economy recession inflation. [00:03:24] Speaker A: Temporarily 10% inflation 10% this is. [00:03:37] Speaker B: Scenario number two trade policy or the lack of it like you said scenario is possible Donald Trump announcements so US Policy unprecedented change it all hinges upon Trump Administration up to 245% Global growth must boots inflation ease out Trump the trade war Kirkejra Kalarapia Osna Viso Pachida like we mentioned economy it's showing signs of slowing down. [00:05:29] Speaker A: Inflation expectations they rapidly deteriorating sentiment so business the consumer sentiment we in uncertainty can they bought deteriorate Europe it has been Modest in early 2025 the manufacturing sector weakness that still continues China the economy it was strong at the end of 2024 but recent data is showing that it is slowing. [00:06:08] Speaker B: Down modestly China GDP numbers first quarter first quarter Chinese GDP expectations clearly January February March Chinese factory manufacture company contributing factor China first quarter that could be one of the reasons. [00:06:58] Speaker A: Extreme market volatility and that's further adding to the uncertainty they have substantially declined because of this uncertainty Canadian dollar can appreciate because of broader weakness in the US Dollar the Canadian economy so announcement Canadian dollars hold strong so it's close to $0.72. [00:07:47] Speaker B: More than half a percentage point. [00:07:53] Speaker A: So Canadian economy can this are the slow down business confidence can the consumption residential investment business spending so tariffs can they impact labor market so employment businesses we can even report. [00:08:31] Speaker B: There are signs of moderation bank of Canada interest rate the announcement monetary policy report inflation the number 8.8% circumstances so clearly 2.3 March day number January it's half a percentage point more inflation of course mid February inflation report March of 2025 inflation reports the impact of removal of carbon tax or inflation numbers yeah so. [00:10:02] Speaker A: Inflation numbers in the near term inflation global oil prices supply chain disruptions but depend tariffs how quickly businesses pass on the higher cost to the consumers customers. [00:11:01] Speaker B: Short term inflation long term expectation inflation the trend line long term expectations those are unchanged. [00:11:15] Speaker A: Yeah so fair governing council will proceed Very carefully Canadian exports business investment employment household spending businesses consumer prices inflation expectation Consumer sentiment Business sentiment so monetary policy alone cannot resolve the trade uncertainty or offset the impacts of a trade war. What it can and must do is. [00:12:24] Speaker B: Maintain price stability for Canadians basically Kalasadeval Nandi Kijayo bank of Canada Fiscal policy Monetary policy yeah, exactly correct and trade diversification Businesses Canadian businesses and so tariffs Canadian Canadian dollar so J Canadian dollar the value as in Canadian dollar of course. [00:14:25] Speaker A: Bank of Canada. [00:14:45] Speaker B: Keep rolling with the punches that's essentially what. [00:14:55] Speaker A: Depending how these tariffs evolve Hindi POI situation can. [00:14:58] Speaker B: Evolve especially trade war Essentially they are this is between China and the US economies They have to choose between China and the US China manufacturing the Haban China global superpower this could be a turning point that China may be on the as a global superpower. [00:16:25] Speaker A: Value system like minded allies like minded allies then all partners then Europe, Australia, New Zealand choose between US or the China. [00:17:33] Speaker B: Chinese TikTok videos Authentic videos knockoff products but it's quite interesting narrative war TikTok. [00:18:49] Speaker A: Made in China designed in California. [00:19:05] Speaker B: So De Kohali Kiku China Malaysia who blinks first Trump administration Anthony Blinken Anthony Blinken Savka Secretary of State. [00:19:40] Speaker A: Marco Rubio I was trying to you know, think of some. [00:19:43] Speaker B: Wordplay Marco Rubio leaders the debate honey French language French language Uninvited National Debate Commission Green Party Liberals Conservatives JK Even blocked Even blocked yes, you're right yesterday block People's Party of Canada OC Green Party of Canada tensortali Ridings which apnea candidates no Endorskita Namzatine then so no ridings endorse Kit party they banner hate Chonke House of Commons so People's Party the pellet disqualify MP House of Commons 90 candidates nominate. [00:21:51] Speaker A: Yeah so leaders debates commission green party 1.3% green party that's. [00:22:24] Speaker B: About 68% 68%. [00:22:36] Speaker A: Debates commission the he can see can there be a requirement we will check that box Officially nominate. [00:23:13] Speaker B: Elections Canada Final list of candidates. [00:23:37] Speaker A: Green Party Jonathan willfully drop kite for strategic reasons we owe to 10 left of century strategic reasons but the problem is as it is Elections Canada Sorry Debates Commission the candidacy so Kathari complicated candidates Elections Canada formally nominate Debates Commission Jonathan strategic reasons that's an issue Strategic reasons that was not an issue. [00:26:19] Speaker B: Jonathan lack of political experience I think Debates Commission. [00:27:05] Speaker A: You officially nominate. [00:27:08] Speaker B: Elections Canada Definitely. [00:27:16] Speaker A: Register saw voters day signature support we are looking into it so lack of organization Lack of organization so maybe just maybe. [00:28:20] Speaker B: Green Party signature so Hijaraika trend line so let's see Green party debate the time Butter chicken lemon chicken Kali Mitch chicken lemon paneer butter paneer spinach corn roll Dishes Authentic Recipes 8695 Scott Road Baba's chicken Scott Road take out the catering orders they call 604-315-09090 no 0 no another phone number Baba's chicken debate. [00:29:27] Speaker A: Basically French debate so Montreal Canadians Carolina Hurricanes must win game must win game Montreal Canadiens game playoffs so so block the leader planchette time change French debate reschedule Canadians the games Boston Bruins Boston Bruins so. [00:31:05] Speaker B: Montreal Canadiens Montreal Canadiens Canadians Canadians so Montreal Canadians C A N A D I E N S Canadians. [00:31:49] Speaker A: Original settlers It's a reference to that. [00:31:54] Speaker B: Habitats yeah Habitants Habitants habitants yes Program visa permanent residency work permit spouse family Janani sponsorship need immigration York Center Abbotsford Day Cedar Park Place which neat immigration 604-547-7100 net immigration so no haircut we program location White Rock 12894 16th Avenue Beauty College hair stylist barbering fresh up short term courses. [00:33:37] Speaker A: Multitasking the yog heavy yeah Kungurasa multitasking the Yoghari. [00:34:24] Speaker B: Cabinet Finance minister deputy premier early 2024 federal conservatives. [00:34:56] Speaker A: We ed fast didn't retire conservative mp conservative party. [00:35:26] Speaker B: Babaju this day Abbotsford South Langley which Conservative Party riding association basically grassroots levels Abbotsford South Langley Conservative Party specifically reject the 25 year old university student blueberry farmer Sukman Gillian Gina Bare riding Association basically Conservative Party and a crucial gala Bhavju Desde Riding association clearly Sukhman Gilnu reject Kirke Mike Dijong Banan Conservative Party Conservative Party in the last 24 to 30 hours major development Hoya Conservative Party distribution Conservative Party will know rehashed writing which Conservative Party. [00:37:32] Speaker A: Mike De Jong is the only qualified candidate to provide strong leadership in these challenging times clearly open the fair process insiders party insiders process to manipulate handpicked 25 year old candidate Liberal Party. [00:38:24] Speaker B: And specifically for. [00:38:25] Speaker A: The Liberal Party for the true do Liberals who until recently was a supporter of Justin Trudeau can they own an affair can they Party insiders Mike Deong I'm the guy who balances budgets he has delivered balanced budgets for religious freedom only if can they it will only happen j Conservatives vote out of fear Conservative Party to meet Barno. [00:39:20] Speaker B: Township of Langley debates invites and he's not the only Conservative interviews request party establishment examples Conservative Party pronounced a sentiment. [00:40:44] Speaker A: Conservative campaign Jenny burned the leadership campaign directorship disgruntled mentor internal polling numbers Conservatives Independent last independent. [00:41:20] Speaker B: In the 2019 election yes they. [00:41:22] Speaker A: Open independence Canadian politics so Mike Deyoung polling numbers so hypothetical scenario conservatives. [00:41:58] Speaker B: Could. [00:41:59] Speaker A: He be the next finance minister. [00:42:09] Speaker B: Hypothetical situation. [00:43:04] Speaker A: Yes yes yes independent Campaign Resources Ltd. It's very difficult it's not easy and. [00:43:09] Speaker B: Especially debate regularly politics follow Naykar Liberal conservative or the other way so you're right changes to the employment standards care act doctors know short term illness doctors note lakh doctors note lake to show that you were actually sick and on top of that Dr. [00:45:17] Speaker A: Yeah so employment standard act employers sick note requirement business groups so can the stakeholder consultations regulations doctors registered nurses nurse practitioners Canadian Medical Association. [00:46:39] Speaker B: Canadian Medical association sorry regulation short term illness. [00:47:48] Speaker A: Rules employment standards act they can request reasonably sufficient proof of illness with doctor's note pharmacy employer doctors note the Hataijari so keep Ajay pharmacy. [00:48:41] Speaker B: F toilet paper. [00:49:15] Speaker A: Thank you very much thank you have a good day 7pm to. [00:49:20] Speaker B: 9Pm thank you 7 to 9pm 8pm thank you.