Canada commits to 5% NATO spending target, Hosting FIFA World Cup costs BC upto $623 Million, Canada finally awakes to the possibility of LNG.

[00:00:01] Speaker A: And now News Takeaway. [00:00:11] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay Good. [00:00:19] Speaker A: Morning Connect Null connect. [00:00:44] Speaker B: The kind of progress. [00:01:23] Speaker A: We are temporary we are programmed Obijani move honey. [00:02:15] Speaker B: Neighbors TV used to become a social magnet so please of course defense spending Secretary General Mike Rut Anthony Rut Mark Rat Mark Ratna text. [00:04:20] Speaker A: Messages the Donald Trump screenshot. [00:04:31] Speaker B: So Canada Navy as it was expected every year Dade saw billion dollar extra Canada defense Canada the budgets overall treasury. [00:05:08] Speaker A: Dates of billion dollar total that would amount to. [00:05:13] Speaker B: 5% of 5% of GDP so. [00:05:17] Speaker A: Billion dollar that amounts to 2% of defense spending Defense related spending Mark Arnie exclusive interview with TIA is a summit Europe which way Critical minerals the development Karniya so Bard point sat billion dollar economy the size 10 trillion because that is 2% that is 2% so economy 10 trillion so bhat point billion dollar percent economy. [00:06:40] Speaker B: So that's the extra investment 50 billion so. [00:06:47] Speaker A: Economy defense spending billion dollar extra on top of the 2% commitment. [00:07:14] Speaker B: Already yeah. [00:07:28] Speaker A: Critical minerals development as it is extra extra extra Donald Trump. [00:07:47] Speaker B: Per. [00:07:47] Speaker A: Year per year that is the extra spending that is the extra dates that's the total defense spending Total defense spending by 2035 that would be close to $150 billion economy maste Vasi Lodh so. [00:08:13] Speaker B: Which means $50 billion defense energy infrastructure already deficits $50 billion extra per year. [00:09:08] Speaker A: Donald Trump we saw so Donald Trump. [00:10:16] Speaker B: Total Canada 5% of the GDP step by step goals at least. [00:11:03] Speaker A: Positive word used flexibility scope of flexibility. [00:11:11] Speaker B: Genu defense spending drones security situation they are yeah. [00:12:06] Speaker A: So let's see officials meeting the which Canada Net exporter security peacekeeping missions NET exporter. [00:13:46] Speaker B: Article 5 Article an attack on one member nation of NATO is an attack on all interpretations. So article five digit clear cut definition Donald Trump Nikal Air Force One Tribal kara os Article 5 the definition Amrika the intelligence report New York Times being one of them damage American attack Iran Iranian nuclear sites uranium enrichment site on the ground Human intelligence International Energy and Atomic Agency assessment so yeah that is holding up. [00:17:14] Speaker A: Yeah it is. [00:17:19] Speaker B: So that's a good thing. [00:17:28] Speaker A: I started listening to your show back in January 2021 when I first arrived in Canada and I was living in Surrey. Now as a resident of New Brunswick, I'm still tuning in on the app this time from Newfoundland while on the road on my truck. You both always host a fantastic show. Good morning from the first time zone of Canada to the last Joji thank you very much. [00:17:53] Speaker B: Good afternoon. To those in the first time zone of Canada from those in the last. [00:17:58] Speaker A: Time Zone thank you so much. [00:18:02] Speaker B: Lunchtime thank you and a very good morning everybody. Initial Galatians World Cup Canada USA Mexico Canada Vancouver especially back in the day estimate to Shiruhaisi latest estimate. [00:19:53] Speaker A: Thank God for small mercies that's open for interpretation City of Vancouver public entities healthcare providers so BC play stadium BC Play stadium operational cost coordination of provincial essential services and ensuring the participation of first nations so first nations so BC Play stadium. [00:21:33] Speaker B: Ambulance the coordination Indigenous participation. [00:21:43] Speaker A: Safety security training sites plus FIFA fan festival hosting so pneumatically traffic management City of Vancouver Contingency of Vancouver so pivotal role play Karega so called amphitheater. [00:22:24] Speaker B: So overall up to that amount so revenue we expect BC David extra visitors JDK by $2031 billion additional tourism expense Tourism spending. [00:23:47] Speaker A: Positive after effect direct revenue generate tax revenue revenue There are direct revenue generate City of Vancouver so City of Vancouver February hotels additional taxation we saw City of Vancouver is taxed to he those are Sat million dollar generate so those are sat million dollar plus million dollar commercial revenue sponsorships rental fees plus additional revenue transportation revenue. [00:24:53] Speaker B: Billion dollar benefits accumulate. [00:25:24] Speaker A: Billions of dollars spent existing infrastructure as compared to the previous events especially FIFA. [00:25:45] Speaker B: Organization operate ki Mekhadiya. [00:25:52] Speaker A: Depreciation existing no he maintained. [00:25:59] Speaker B: BC Conservatives the caucus meeting BC Conservatives their leader John Rustadville so performance Conservatives John rusted the leadership especially members caucus meeting. [00:27:16] Speaker A: So John rested the leadership the review party yes so in a tranme ridings BC Conservatives so over the weekend the Sambhar Taki BC Conservatives ticket holding members voting the result. Are you satisfied with the current leadership? Are you in favor of current leadership? Favorability the fair JD Party board of directors leadership election Basically John rested the leadership leadership election. [00:28:21] Speaker B: Sorry, just hold your thought Leadership vote grassroots level they BC Conservatives the members this is going to take six months. [00:28:30] Speaker A: Six months. [00:28:40] Speaker B: Of course BC NDP. [00:29:02] Speaker A: Performance as the number of seats Federal Conservatives Conservative factions Conservative parties Conservative brand the engineer parties are not conservative enough. How right of right are you? You are not right enough Press conference written statement RCMP knows. [00:31:00] Speaker B: Basically victims. [00:31:06] Speaker A: Written statement written statement press conference. [00:33:04] Speaker B: Infrastructure nation building projects Liberal Party They Punjab chief of staff ambitious agenda Senior bureaucrats. [00:34:04] Speaker A: Michael Sebia joined Karen as the Privy Council clerk so Privy Council office who is the top bureaucrat? Michael savior Michael Savia joke Quebec pension fund Finance department no nonsense kind of a person Result oriented result oriented Starting July so July starting July yeah Michael Sabia muscle memory the fear will be ready for consequences Bureaucracy Democracy is the way parliamentary system Bureaucracy is permanent politicians to ensure impartiality. You know, the Credibility Deputy Ministers Deputy Ministers they serve at the will at the pleasure of Prime Minister. [00:36:28] Speaker B: Without any kind of labor standards. [00:36:40] Speaker A: Michael Sabian Deputy. [00:36:49] Speaker B: Ministers Deputy Ministers Owner departments Finance the Aqua Deputy Minister Immigration Mantra Leak Natural resources Basically Mark Arni Frustration. [00:37:40] Speaker A: Muscle memory. [00:37:41] Speaker B: Muscle memory we process versus progress. [00:38:01] Speaker A: Office Office analysis Paralysis. [00:38:34] Speaker B: Expectation Here Politicians in Anu Mantri Cabinets Kise Cabinet Mantri the Karguzaria Chief of staff. [00:39:15] Speaker A: Mentioned Kara Kitijawe Kabra plant perception Michael Sabia Blanchard Cabinet ministers election campaign Public service Public Service the size 20% yes Investments Karniya Master Generate Karnapani Correct so AJD Public Service a key the size VO cut down current gay positions we don't know we. [00:41:09] Speaker B: Don'T know. [00:41:11] Speaker A: Public service. [00:41:30] Speaker B: Real world experience Political experience Controversies so again Globe and mail Liberal Inside Rajiti Galbadi. [00:42:07] Speaker A: Perception. [00:42:43] Speaker B: Export terminal British Columbia LNG Asian Okachate Pipeline the capacity Naya Gak Major Gak Amrika Sad so JSRD Export capacity Export capacity they are hungry for it for this. [00:43:42] Speaker A: Energy so LNG liquefied natural gas yes so natural gas no liquid form pipeline Natural gas Export Natural gas no liquid export Even as of Today Export Terminal LNG Canada Export Terminal LNG Export Terminal 1989 so Australia natural gas technology. [00:45:05] Speaker B: Australia example like you mentioned 1989 Rosanna LNG export million dollar per day okay, let's now take it back to defense spending Extra yeah so total Khacha did a. [00:45:32] Speaker A: Date Extra extra. [00:45:37] Speaker B: Billionaire so Australia lng new export 1989 to develop Kiti capacity and Canada has lost that opportunity so. [00:45:55] Speaker A: It'S almost like adding another Manitoba to Canada Adding LNG export. [00:46:15] Speaker B: The contribution LNG sector Canada that's about 3% of the total GDP yes wow. [00:46:32] Speaker A: Largest exporter LNG Natural Resources Canada Atara proposals LNG projects Most of them were either rejected company because of the delays so by 2020. [00:47:09] Speaker B: Okay. [00:47:21] Speaker A: Projects so Ikta LNG Canada Hoga Hoga. [00:47:44] Speaker B: Depending on phase two, depending on first phase they could be making that decision to double the capacity Phase two then all as early as next year yes and as soon. [00:47:56] Speaker A: As recent as last year Natural gas business case. [00:48:11] Speaker B: By 2023 in numbers LNG export total billion dollar More than half a trillion dollar Canadian More than half a trillion dollar Canadian. [00:48:30] Speaker A: Yeah so Vijay Germany the Chancellor Role of shows IC Japan the Prime Minister Vic Business case Prime Minister Justin Rudom Alaska LNG but we gave it away. [00:49:16] Speaker B: Canada is the 5th largest 5th largest producer so our reserves are at par with Australia. [00:49:36] Speaker A: Australia lack of political will that's also a possibility so world leader LNG exports but we gave it away because of lack of political will. [00:50:25] Speaker B: No doubt. Greenhouse gas emissions. [00:50:31] Speaker A: Relatively cleaner fossil fuel. [00:50:32] Speaker B: Relatively cleaner fossil fuel project which benefit. [00:51:06] Speaker A: Andrew Weaver John Horgan is stand lack project very important. [00:51:13] Speaker B: Green Party the support John Horgan breaks the T system structure terminal CD projection here case LNG they exports government the revenue which it could add up to $500 million per year. Half a billion dollars. [00:51:51] Speaker A: Natural gas British Columbia and Saskatchewan. Yes. [00:51:55] Speaker B: Yeah. [00:51:56] Speaker A: So the natural gas coastal gas link pipeline. So OBC. [00:52:03] Speaker B: Kukij refinery Bangi Tail Sade Refineries are the local hobby Gasnya Kim Taga Jangiya. [00:52:09] Speaker A: Quick comment. Karlagai thank you very much, Vijay. [00:52:17] Speaker B: Thank you. Have a good day. Shami Zone.