BC Hydro rates to go up, Inflation rate jumps to 2.6% in February, OECD report warns of dire trade war consequences for Canada.

[00:00:01] Speaker A: And now News Takeaway. [00:00:09] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay. [00:00:17] Speaker A: Good morning Connect now connect. [00:01:07] Speaker B: Over the next two years as compared to today and then you said so overall by the average bill compounding yes. [00:02:18] Speaker A: Yeah Can a solar system Lagwa Acha we saw correct. Yes monthly average + winter months electricity winter months now of course yes Average average household so average household apartments correct. [00:03:25] Speaker B: About $100 a so Asal Peli apparel so Jada Satasalam Picher Jay 7.6 7.65%. [00:04:47] Speaker A: Yeah so John, this is just a stop gap. [00:05:09] Speaker B: Directly related per carbon tax $10.0 Punch billion provincial consumer carbon tax significant chunk out of that out of that carbon tax revenue yes Government rebates We cancel Karniya net effectively so. [00:05:39] Speaker A: Carbon tax consumers consumers so hold on, hold on. I have the numbers with me. So total billion dollar consumer carbon tax industrial carbon tax revenue less than 200 million or $199 million carbon tax credit climate action tax credit revenue loss 1.8. [00:06:13] Speaker B: Billion so already deficit. [00:06:40] Speaker A: Announcement Industrial carbon tax Industrial carbon tax Lagaki Rakna Chanda policy Carbon tax imposed. [00:07:09] Speaker B: Carbon tax Federal requirement Federal requirement Nahisi so I think. [00:07:39] Speaker A: Carbon tax consumer carbon tax to revenue generate billion dollars revenue neutral incentive program. [00:08:24] Speaker B: Depending on income tax Carbon tax the revenue carbon tax the total collection significant number of general revenue so but that's not $1.8 billion. That's not, not the entire amount so. [00:08:45] Speaker A: 1.8 billion rebates for Gharavi incentives. [00:08:55] Speaker B: Yes yes yeah Anyway climate change greenhouse gas emissions Donald Trump environmental extremist lunatics radicals and thugs they can they see I am authorizing my administration to immediately begin producing energy with beautiful clean coal Beautiful. [00:09:47] Speaker A: Clean coal capital Donald Trump Democrats Donald Trump Truth Social DYK Post America the judges radical left lunatic so this radical left lunatic of a judge a troublemaker and agitator who was sadly appointed by Barack Hussein Obama was not elected president he didn't win the popular vote bracket by a lot this judge like many of the crooked judges crooked Hillary so crooked judges I am forced to appear before should be impeached Judges know impeach Karandi Gal Karaine we don't want vicious, violent and demented criminals many of them deranged murderers in our country make America great again. [00:11:15] Speaker B: It was an allegation they Venezuelans Trump administration alien enemies act last time widespread use Italian Americans Americans know Roundup. [00:12:26] Speaker A: Criminal gangsters immigration system emission targets we saw Tita Kapni emissions Charlie Person Katonia commit Karungay focus Karanga emissions Katon. [00:13:43] Speaker B: Global warming. [00:13:54] Speaker A: So but the means. [00:14:11] Speaker B: Ways and means and ends means. [00:14:34] Speaker A: And same holds true for the left as well but the ways which we adopt to reach the means which we adopt to reach those ends. [00:15:21] Speaker B: Foreign Environment Minister Finance Minister. [00:15:51] Speaker A: And all of this is happening to every action there's equal and opposite. [00:15:56] Speaker B: Reaction. [00:16:05] Speaker A: Left of center it we are towards left yes not just left of center left so economics, economic cycles politics Change is the only constant Change politics. [00:17:24] Speaker B: Pronounced Hojandiya Jho Centrist Sarkar Centrist Sarkar J Minority Just introduce the liberal right wing left wing right social point of view Economics point of view Economic economy the right wing versus left wing so social issues right wing Sarkara parties as in minority rights immigration socially traditional conservative right wing parties. [00:19:04] Speaker A: Right wingers so we are talking about typical right wing Socha so let's say right they are exactly right so the degrees yes Sakar on the left labor unions so economic viewpoint. [00:20:39] Speaker B: Economy the point of view so conservatives businesses businesses trickle down businesses. [00:21:03] Speaker A: Bottom up approach Trickle down approach as you mentioned. [00:21:28] Speaker B: Conservatives. [00:21:32] Speaker A: Of production yes that's how it. [00:21:42] Speaker B: Is Degrees of spectrum State should own. [00:21:59] Speaker A: Everything that's communism policies that's socialism Socialism. [00:22:09] Speaker B: That'S communism yeah yes yes Correct Right wing or any Conservatives small government free markets let free markets determine everything Budget balance They would be pro balancing the budget. [00:22:45] Speaker A: Again typical right Typical left Sarkara yes Example America free market free market economy the Donald Trump tariffs protection so again a typical examples left Liberals center left of center they veered a little towards a little more towards left pipelines Newton III Law Conservative Party of Canada Extreme right out they have People's Party of Canada so PPC Maxim Bernie Extreme. [00:24:30] Speaker B: Right extreme left extreme sorry extreme left Green Party yeah so extreme right the PPC extreme left the Green Party so extreme stay extreme right extreme left. [00:25:02] Speaker A: Spectrum with a political spectrum yes very well yes Services left Alipas services so just center the budget for the balance Extreme right party so JD People's Party of Canada Trickle down approach Company businesses private. [00:26:10] Speaker B: Investment creation Left of center private investment Jagi environment Then you have to govern from the center. [00:26:48] Speaker A: Extreme right can lead to fascism same way extreme left that can lead to communism Correct. [00:27:25] Speaker B: So AC Ad civics class more than anything this is more of a political science discussion. [00:27:55] Speaker A: So glad that we could. [00:27:56] Speaker B: Help thank you tax break Federal 15th of Feb. Bank of Canada. [00:29:17] Speaker A: Yeah the bank of Canada Interest rate announcement Inflation March which Kibanega Yes. [00:29:49] Speaker B: Consumer price index again so bank of Canada the interest rate next meeting. [00:30:09] Speaker A: Ugly interest rate announcement which bank of Canada. [00:30:37] Speaker B: Across the board tariffs The Caribbean Sat billion dollar. [00:31:01] Speaker A: Food prices 1.3% year over year clothing footwear 1.4% transportation 10% shelter cost 4.2% bank of Canada Core inflation preferred measures CPI median to CPI trim CPI median Basically so CPI median CPI trim changes Price changes CPI trim preferred measures of bank of Canada bank of Canada most likely. [00:32:00] Speaker B: Right Headline inflation number month over month yes, within just Within a matter of one month over month 0.6% analysts year. [00:32:35] Speaker A: Over year we prediction 0.1%. [00:32:47] Speaker B: Right. So December Yeah Entertainment district Waterfront Waterfront Entertainment district Amphibus is different. Amphibus is different. Yes Mike Bose City of Sariday Councillor Council meeting Chicago the company partners project take possible arena in the city center we have to be very careful Partners of Chicago Freedom of Information. [00:35:22] Speaker A: Yeah Council the members Members of public document Hasle Karna Chande in some cases they have to come through Freedom of Information kind of depends on the documents. So council members contracts it should be straightforward company it's just a matter of a click. [00:36:53] Speaker B: Chief of Staff Christy Warwick Campaign Manager Municipal Election Manager they can the Odoman General Manager of Corporate Services Joey Brad City the taxpayers money directly. [00:37:50] Speaker A: Director of Public affairs and Intergovernmental Affairs Mayor Office the employees the Freedom of Information requests. [00:38:59] Speaker B: Especially Mike Bose. [00:39:10] Speaker A: Mike Bose Kyoki first day counselor Name of the opposition Counselor I think I've hit a nerve. [00:39:21] Speaker B: I've hit a nerve. [00:39:24] Speaker A: You see his company There is something. Something is not adding up. So sorry. First, I think Councillor Bose is right. Something doesn't sit right. Even counselors basic information hassle Freedom of Information request. [00:40:04] Speaker B: We'Re still waiting for those numbers. Let's see. Paris based Club Donald Trump they tariff the global growth scenarios Factor in Kite estimate economic growth 10.10. [00:41:33] Speaker A: No points for guessing Canada 2% in 2025 2% in 2026 GDP growth no revised down Kirk 0.7% and 20260 point. [00:42:12] Speaker B: Mexico the GDP yes so those economic growth economic contraction Mexico could go into a full fledged. [00:42:36] Speaker A: Recession Recession Donald Trump America the GDP growth forecast is 2.4% 2.2% 2.1% GDP growth. [00:42:58] Speaker B: 1.6% GDP forecast now G20 GDP forecast downgrade again widespread tariffs reciprocal tariffs level of tariffs inflation, economic activity. For example, the global output which 0.3% inflation inflation economic growth Worst case scenario Worst case scenario tariffs bank of Canada. [00:44:17] Speaker A: Inflation on average 10.8% because of the tariffs reporter 10.8% inflation inflation specifically mentioned bank of Canada economic slowdown Horia Dujay Passo inflation Badriya and it's proving to be persistent so inflation interested announcements instead of monetary policy or fiscal policy trade diversification removing the inter provincial trade barriers economic growth natural resource policy leadership election they operate in left or in right depending on which party Leadership campaign dollar for dollar retaliation There's a limit does not make sense can they be JC relative size they K USD economy yes there is only a certain limit sovereignty Shab Zuru in fact joined press conference joint statement press conference categorically UK guy. [00:48:22] Speaker B: And let's not forget let's not forget so Canadian territory election call Nahunda so there is a chance Canadian possible election campaign all of that remains to be seen. [00:49:25] Speaker A: Liberals supposed recovery it's entirely based on Donald Trump's tariffs threat. [00:49:32] Speaker B: Correct? [00:49:45] Speaker A: You're very right. [00:49:51] Speaker B: Political cover. [00:50:01] Speaker A: Off the table under the table interesting Liberal Party Donald Trump Carney there is a limit to dollar for dollar retaliation yes now he's entering the federal campaign very soon this will not be in line with. [00:50:45] Speaker B: The Liberal policy till now and Donald. [00:50:48] Speaker A: Trump. [00:51:02] Speaker B: So Trump it's music to his. [00:51:04] Speaker A: Ears and to Pierre Polly he's going to dial up the narrative now. Thank you. [00:51:25] Speaker B: Coming weeks are going to be very busy. [00:51:26] Speaker A: Interesting. Interesting. Very interesting. [00:51:27] Speaker B: Interestingly busy. [00:51:28] Speaker A: Super interesting. [00:51:29] Speaker B: Interestingly busy Entertainment district electric car. [00:51:42] Speaker A: Thank you. Thank you very much. Actually teen Gunasiga Lagan. [00:52:12] Speaker B: There is a limit to retaliatory dollar for dollar terrorists thank you very much. [00:52:21] Speaker A: Thank you very much.