BC could loose $69 billion due to Trump tariffs, Eby orders ministers to review their expenses, Mark Carney enters liberal leadership race and Freeland to launch campaign on Sunday.

[00:00:02] Speaker A: And now News Takeaway. [00:00:15] Speaker B: Connect FM 91.5 News Takeaway segment Good morning. [00:00:24] Speaker A: Good morning. Connect Now Connect. [00:00:33] Speaker B: Friday. [00:00:38] Speaker A: 9Pm 8pm 9pm. [00:00:50] Speaker B: 7Pm-9Pm 7pm-9pm Jan Karik Parpur Speaking of things that are popular. [00:01:49] Speaker A: So that's very good individuals up to $500 up to $1,000. [00:02:23] Speaker B: Jerry income the per exemption Miltia personal exemption amount personal basic amount. [00:02:37] Speaker A: For. [00:02:37] Speaker B: BC's income tax provincial income tax and like you mentioned, in light of the. [00:03:32] Speaker A: Tariff threat from Donald Trump press conference Minister Finance Ministry assessment Donald Trump throughout his term. [00:04:02] Speaker B: So by 2028 worst case scenario. So British Columbia exports diversified as compared to other provinces worst case scenario by 2028 $69 billion overall economic cut corporations corporate profits $6.1 billion $6.1 billion over. [00:05:36] Speaker A: And above $3.6 billion corporate profit cut. Yeah so current economic forecaster March Nuana under construction preliminary assessment recession GDP 0.3% contract Kari 0.6% further year over year 0.6% whore contraction so 0.6% contraction and on top of that 0.6% contraction the next year. The next year, yeah. So year over year consecutively 0.6% the contraction in two consecutive years. [00:07:53] Speaker B: Domestic consumption local consumption so Trump the tariffs immigration targets revision like you mentioned 0.3% the 0.8% and then another further 0.6% the. [00:08:20] Speaker A: Yeah so in a Saria Chizan budget present Karna economic Halat environment definitely can they owe budget which reflect Karega but then up to $1,000 check last straw which broke the camel's back. [00:09:33] Speaker B: Press conference this is a declaration of an economic. [00:09:38] Speaker A: War. [00:09:55] Speaker B: Oil and gas she is the only premier by the way Jade United front page Karanto diversify expand side by side. [00:11:23] Speaker A: So almost inside information Natural Resources Minister Jonathan Wilkinson Donald Trump tariffs Canada tariffs down the road but on the Asarta Donald Trump announced. [00:12:31] Speaker B: American trucks Canadian truckers. Yeah so overall that's going to be a big problem. [00:13:21] Speaker A: Advisory Council U.S. canada Relationship by the way right now meeting retaliatory tariffs so Barbara Premier's video Daniel Smith Washington Donald Trump the administration Melanie. [00:14:16] Speaker B: Melanie Jolie can there be even a US Day which week Republican lawmakers so Donald Trump KD Ministries. [00:14:52] Speaker A: Mandate letters. [00:15:16] Speaker B: Oh deficit projection of course Donald Trump one of the impact we factor in ministers Hermantra Lena ministries so as in those Aldebadan Kita Daiga Advisors the Gandhi Kyode at least ministries you cannot pour from an empty cup generate which benefits the shackle which deficits. [00:17:18] Speaker A: You cannot distribute what you don't have so yeah definitely so BC deficit fiscal deficit on track for balance 2.0 government 2.0 so at least their deficits economy of course Dusra health care reducing cost of living we should take a pause here economy cost of living affordability. [00:18:48] Speaker B: Yes housing crisis housing crisis. [00:19:05] Speaker A: Banaya so housing affordability cost of living housing address Karangi housing cost of living economy. [00:19:31] Speaker B: Housing affordability. [00:19:38] Speaker A: Cost of living economy that's the question right wing politics cost of living social services oh left wing. [00:19:56] Speaker B: Politics left wing politics. [00:20:04] Speaker A: Cost of living specifically. [00:20:10] Speaker B: I think that's a very interesting and important and a valid point. [00:20:22] Speaker A: But this is unfortunate developers even for that matter Canadian homeless they check the panso hazard they check the loading yes that's that should be the reason economy corporations cost of living. [00:21:32] Speaker B: And especially New Democrats no development party as a separate line item you are right political messaging effective tool yes yes yes British Columbia Dr. We also have to make sure emergency rooms close Horani closures Ministry of Mental Health and addictions involuntary care the program actually mandatory treatment Hoiga mental health and addictions so Josie Osborne already responsibility mandatory mental health and addictions so it's almost like running forward and going backwards at. [00:23:34] Speaker A: The same time so healthy which you know this department is clearly wanting on so many fronts. [00:24:13] Speaker B: And that's just last. [00:24:14] Speaker A: Year yeah just in one year so systemic changes Charlie percent health care as it is already. [00:25:30] Speaker B: Medical professional colleges College of surgeons and physicians foreign qualified doctors medical professionals medical professional jurisdiction medical professional registered foreign qualified professionals. [00:26:24] Speaker A: Similar jurisdictions medical professionals within six weeks so Adrian Dix to his credit towards the end of his tenure as health minister health circles Green Party Green Party Green Party agreement it might be a blessing in disguise for health department Health ministry. [00:27:32] Speaker B: Narrative they basis the conflict government level TV corporate level sustained level consistently I think BC. [00:28:27] Speaker A: NDP Victoria thin majority. [00:29:05] Speaker B: Urban centers special interest groups Special interest groups but he's a democratically elected president so Jedi Koho Lokanda Rosi Lokanda Gustasi acknowledge in Isi Kitajaria in many cases hono the acknowledgment Shiruhai acknowledgment Shiruhegita action Shiruhega Kyoke again British Columbian health connect registry. [00:30:29] Speaker A: That'S a big question yeah not just limited to BCN throughout Canada bank of Canada associated governor Carolyn Rogers Carolyn Rogers senior deputy Senior deputy governor productivity. [00:31:05] Speaker B: Major construction project remember environmental. [00:31:28] Speaker A: Yeah frog on in a heat pan. [00:31:54] Speaker B: But is the tie turning that's the other question it seems the tide is turning at least that remains to be seen provincial election Liberal Party the leadership race mark Carney the Ajana Christia Field weekend campaign launch just intrude it is only because of the economic performance affordability crisis Grocery store leadership campaign announced it was not a secret leadership credit company Met Credit Exactly Logo coffee similar Anyway, that's besides the point is a usual politics. [00:36:08] Speaker A: I am not a career politician it's no time for politics as usual negotiate Currently I can think of one more politician this came to me in the last 24 hours so Daniel Smith Daniel Smith so Alberta social media contender. [00:38:04] Speaker B: As an economist Liberal Party their fortunes Conservatives know any strong lead Hasala neutralize social media postcard campaign announced Karina Gold Vallombi over the weekend Campaign launch carbon policy peer poly of the Snehaki X the tax v Carbon taxi values Carbon tax Bandita Diki policy Climate policy Seraphic social media by clip social media post proper policy practically. [00:39:48] Speaker A: Yeah so Christia Freeland oh definitely consumer carbon tax no repeal consumer carbon tax formula program replace Karangay so carbon pricing system maybe but he'll replace it with some other formula. [00:40:23] Speaker B: Or social media oh can they see 8 out of 10 Canadians get more money through the carbon tax rebate than what they pay so 8 out of 10 Canadians Canadians know carbon tax. [00:40:55] Speaker A: Interesting campaign launch Karnisi Conservative Party Brookfield Asset Management company attack Ad V Bank of England speaking as a European he has arrived from Europe Speaking as a European so Mark carbon tax and it's a very short hat it ends with. [00:41:58] Speaker B: He'S just like Justin Brooksfield Asset management company Bloomberg then RVA associated son so Kal leadership campaign launch Bloomberg Brooksfield Asset Management meeting CEO hosting. [00:42:29] Speaker A: Yes all of them are endorsing most of them I. [00:42:35] Speaker B: Think Randeep Sarai was in admittance George Calgary. [00:42:51] Speaker A: Liberal listeners have a lot to say about this campaign launch so key. [00:43:23] Speaker B: Problem Liberal brand problem Justin Trudeau Tosi Justin Trudeau off the table Liberal Party the member Liberal Party leader Justin Trudon replace. [00:44:14] Speaker A: Liberal back venture officially announced serious contenders he's probably one of the front runners Christia Freeland announced Karta that she is running for to defend Canada to fight for Canada to fight for Canada I'm running to fight for Canada House leaders on Karina Gold Burlington Ontario which campaign launch Karanjari tomorrow Jonathan Wilkinson Natural Resources ministering consider Karani yeah so chances are he might not do it Minister. [00:45:24] Speaker B: Mark Holland by the way right so OV endorsements on Holy Holy Galka Atlantic Canada MPC Patrick Wyler Wyler something Wilder not Patrick Wyler first name last name is Wyler one of the one of The Atlantic I think it is Wayne Long. You're right I think it is Wayne. [00:45:56] Speaker A: Long Most of them I am assuming they would go for Mark Carney Jonathan. [00:46:11] Speaker B: Wilkinson he is not going to run. Not going to run Jonathan Wilkinson will not run for Liberal leadership. [00:46:22] Speaker A: Perohigal Hogi Most likely he Chaldasi Hono it's too late for him. [00:46:54] Speaker B: 10% for all other countries escalating tariff the incoming administration closely guarded secret. [00:47:54] Speaker A: US imports worth $37 billion Canadian dollars. [00:48:03] Speaker B: That would be the first. [00:48:04] Speaker A: First list first round immediately billion dollars American imports import sorry Tariffs consultation trigger process response it will be very quick. [00:48:43] Speaker B: Two weeks maybe around two weeks Export tariff Export ban on Canadian goods. [00:49:05] Speaker A: But Prime Minister, I would like to reiterate rate all options are on the table. [00:49:20] Speaker B: Right? Can they to see Team Canada Team Canada Alberta Lakhanokriya oil and gas they depend Gardian oil and gas sector support Karo to see J Sade Samande Canadian taxpayers deal done Karloki. [00:51:57] Speaker A: Thank you, thank you, thank you. Exactly Literally lagging have a very nice. [00:52:41] Speaker B: Weekend Never takes anything literally thank you, have a good one.