Bank of Canada interest rates, Trump imposes tariffs on steel and aluminum, Canada and EU announces counter tariffs, Trump pauses Columbia River Treaty Negotiations.

[00:00:02] Speaker A: And now News Takeaway. [00:00:12] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay Good. [00:00:20] Speaker A: Morning Connect Null Connect yeah so. [00:00:55] Speaker B: Introduce during the show if you're telling you there is a lot more than the headline. [00:01:24] Speaker A: Introduction they lived happily ever after Katam. [00:01:51] Speaker B: By the way bank of Canada basis points Overnight lending rate overnight lending rate 2.75% overnight lending rate overnight lending rate which is 2.75% this seventh straight cut. [00:02:28] Speaker A: Prime rate 4.95%. [00:02:40] Speaker B: Lines of credit variable rate mortgages bank of Canada bank of Canada Donald Trump the economic uncertainty interest rate policy decide Canadian economy which Canadian economy so economic activity. [00:03:58] Speaker A: Yeah so trade threats the tariffs the Zikr Kitakisana Kisitrike so Honuhi Karan but he's strong footing There is Saldivish Dakal Hoisi Consumer confidence sharp drop the business spending negative impact Exports exports inflation 1.9% can they oh expect Kara March David. [00:05:26] Speaker B: Gsthst rate cut Federal tax break the TC partial effect. [00:06:07] Speaker A: Economic growth It's stronger than expected confidence against this background basis points bank of Canada the Governing council namely economy 25 points are cut Karani 25 points monetary policy trade war word Istamal Gita bank of Canada Trade war the impact of. [00:07:00] Speaker B: Domestic consumption domestic investment. [00:07:12] Speaker A: Monetary policy higher prices they don't lead to ongoing inflation we will be carefully assessing the timing and strength of downward pressures on inflation economy which weakness inflation economic economy so upward pressures inflation balance maintained we'll be carefully assessing this we will also be closely monitoring inflation expectations outlook Businesses no consumers no key Lagda the Bank of Canada remains committed to maintaining price stability for Canadians Basically trade war Financial policy fiscal policy monetary policy tools limited inflation control is trade war. [00:08:55] Speaker B: Last week plan announced businesses Businesses directly affect Hong Federal Circarbalo Mohiya Karwan Inflation tariffs counter tariffs already alarmed here Overall Canadians know the benefit is tariff war the trade war GST holiday expand the Bharatulya clearly GST holiday inflation numbers security clearances so J High level one of the transition team the members high level clearance is already Hagiani so Escar KD transition team Sunanu overall Sarkarti Liberal Party. [00:12:20] Speaker A: So Prime Minister so Katie Telford administration so PMO definitely changes Markarney Karangi Karangay plus intentional we have Carney is not just like Justin right so opposition it works for Karni both ways internal team members. [00:13:32] Speaker B: It'S widely expected Parliament again Mark Carney Prime Minister Nothing is moving in the economy. [00:14:00] Speaker A: Yeah Economy is not moving on economy. [00:14:07] Speaker B: Economy is not moving on economy. [00:14:12] Speaker A: Yeah I Get your point messages Nitin Sharmaji Sorry good morning this message is phone this is slightly complicated More complicated than the hold on a message of Vikram Jira discussion who is better for Canada Mark Carney Pierre Poliev Justin Trudeau Christia Finland Vikon policy wise. [00:15:26] Speaker B: Interprovincial trade barriers. [00:15:58] Speaker A: Interprovincial trade barriers Legislature provincial parliament. [00:16:11] Speaker B: There is a very strong man in Canada. [00:16:57] Speaker A: Legislation bill pass so I think. [00:17:11] Speaker B: In fact not just Canada Australia Mantri Anthony Albanizo press conference don't worry a Bakigala Gajal Kardi. [00:17:56] Speaker A: Self realization the hooking is Nakanu Natai Nana Sonu Nigam. [00:18:22] Speaker B: Thank you. [00:18:39] Speaker A: Donald Trump truth social can they Trump news Tesla. [00:19:34] Speaker B: Which one do you recommend model has played 0 to 60 in 1.99 seconds American President it's not just about Trump they're not allowed. [00:19:53] Speaker A: Security reasons. [00:20:28] Speaker B: So Tesla promotion event who gave me these notes I don't need notes I'm not Biden I don't need notes I'm not Biden. [00:22:01] Speaker A: Know. [00:22:07] Speaker B: He got into the car he sat inside the Model S. [00:22:20] Speaker A: It'S all computer. [00:22:26] Speaker B: Donald Trump gets out of the car and then he he goes do you think Biden can get into that car? I was like come on man like W Ontario the premier Doug Ford specifically social media post they have stooped so low right so back down Donald Trump. [00:24:07] Speaker A: There'S a strong very strong man in Canada she was very gentlemanly Donald Trump Howard Latnik the duty export duty your surcharge electricity Export. [00:24:56] Speaker B: Right. [00:25:08] Speaker A: Washington D.C. high level meeting Dominic Leblanc high level ministers Secretaries and ministers trade deficit national security agreement. [00:26:54] Speaker B: Liberal Party the leadership race chalracy crucial Captain Canada maybe Prime Minister Liberal Party the resurgence Conservatives they call lead SIGI or lead hypothetical scenario Conservative leadership again Conservative Party. [00:28:12] Speaker A: Liberals so we posed the Mutabak situation here but Doug Ford yes Federal level press conferences cross party lines. [00:29:24] Speaker B: That is Doug Ford okay so Trump so they keep meeting Hagia Doug Ford Mark Arninal meeting Karan breakfast. [00:29:59] Speaker A: One would think federally Mark Carney we owe situation. [00:30:56] Speaker B: Starting tomorrow peanut butter v Harley Davidson the motorcycle V so. [00:31:08] Speaker A: Worldwide are global so EU retaliate Kita billion US dollars industrial products Australia valley New Zealand valley allies. [00:32:09] Speaker B: Canada is a is a neighbor is a partner but now they are becoming a competitor the competitor Jonathan Wilkins are a natural resources minister in a federal oh American channel Samantha supply garden supply garden domestically demand the porthikaraka collaborator. [00:32:50] Speaker A: So Donald Trump the one who signs the paycheck that's why she has the job. [00:33:05] Speaker B: Doug Ford is from PC Party not from Conservative Progressive Conservative Conservative which are right of central party but. [00:33:16] Speaker A: He may enter federal politics he may enter federal politics as a conservative candidate. [00:33:20] Speaker B: Right Progressive Conservative Party which leader? Banant Ontario the premier Banant Doug Ford city Toronto City councillor Interesting story his elevation to provincial politics. [00:33:40] Speaker A: Liberal Party of Canada. [00:33:45] Speaker B: Liberal Party. [00:33:49] Speaker A: Yeah yeah yes Yes. [00:33:56] Speaker B: Columbia River Treaty Canadian Rockies originate on the Columbia River Flood mitigation flood control the water supply 1964 British Columbia Columbia River Treaty Columbia river generation dams along the route of the river Power generation water management Depending up to $300 million BC Biden administration Columbia River Treaty Administration change Hogi Donald Trump Columbia River Treaty Rocky Mountain Rebel Stoke Oregon Pacific Ocean all the way California Columbia River Treaty negotiations Trump administration Energy minister Adrian Dix. [00:36:00] Speaker A: Yeah Canada control. [00:36:44] Speaker B: Basically flood control Flood. [00:36:45] Speaker A: Control hydroelectricity so JSC control Nakar yeah Columbia river electricity generation Additional power generate Flood control measures additional generation 50%. [00:38:00] Speaker B: Over the course of the years chant million. [00:38:04] Speaker A: Dollar 60s 1960s million US dollar generate from additional dollar value so last year agreement signed Interim agreement Donald Trump administration Energy Minister. [00:39:15] Speaker B: Washington State Center Pacific Ocean Oregon they cost yeah California like you mentioned O extra power generation Donald Trump bargaining chip. [00:40:16] Speaker A: Trade war though equal economies equal sized economies we are already at a weaker footing in front of us innocent Americans smaller sized economy in front of us we cannot even think about saying such things. [00:41:18] Speaker B: Don't Vijay Botsari Jalapani Sigam Rikali Galjalisi Nooksack Riversi Paniyam Ricarde Pasion Canada and you're right, unfortunately. [00:42:09] Speaker A: And this entire thing Columbia River Treaty is yet another example of our Indian interdependence Supply chains economics geography intertwined. [00:42:38] Speaker B: That'S it. [00:42:43] Speaker A: Charlie percent Columbia river hydroelectricity. [00:42:56] Speaker B: There is like I think there are more of those in the US than there are in BC yeah. [00:43:12] Speaker A: Major dams Banay so OC Micah Duncan Canada America crucial river seventh largest river America size those are kilometer lumber basins Watershed wise watershed North. [00:43:42] Speaker B: America North America British Columbia Columbia River Columbia River British controlled North American territory British Columbia Columbia Columbia River British Columbia. [00:44:16] Speaker A: British Columbia. [00:44:21] Speaker B: Columbia river that's right. That's right. [00:44:25] Speaker A: Thank you very much thank you very much.