Canada drops in World Happiness Index, Pipelines could have diverted over $38B from US, China imposes retaliatory tariffs on Canada

March 20, 2025 00:39:23
Canada drops in World Happiness Index, Pipelines could have diverted over $38B from US, China imposes retaliatory tariffs on Canada
Connect Newsroom
Canada drops in World Happiness Index, Pipelines could have diverted over $38B from US, China imposes retaliatory tariffs on Canada

Mar 20 2025 | 00:39:23

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Show Notes

In today's News Takeaway segment, hosts Vijay Saini and Vasu Kumar discuss Canada's drop in the World Happiness Index and the factors behind it. They also examine how pipeline projects could have redirected over $38 billion from the U.S. economy and the impact of China’s retaliatory tariffs on Canadian trade.

Tune in for an in-depth analysis of these key economic and geopolitical developments.

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Episode Transcript

[00:00:02] Speaker A: And now News Takeaway. [00:00:19] Speaker B: Connect FM 91.5 Days Takeaway segment the other day is International day of happiness day Happy Happy Vasukumarji Studio Jagani Vasuji Good morning Vijayji. [00:00:31] Speaker A: Good morning Connect Nal Connect Good morning. [00:00:35] Speaker B: Very happy that's very good Social support system do you have that support system Friend circle family members so important. So you are one of those persons or one of those great friends. [00:01:09] Speaker A: Likewise. [00:01:12] Speaker B: Thank you the world happiness International Day of happiness. [00:01:26] Speaker A: Friend circle support system. [00:01:37] Speaker B: Thank you brother. So Aji International day of happiness those are baraj unfortunately yeah. Actually English speaking how times change. So English speaking countries Canada us the uk yes yes. [00:02:32] Speaker A: Take it for granted Happiness index Day Happiness index. [00:02:58] Speaker B: In about 150 countries roughly SADI Sochan Alun Ziada Researchers. [00:03:42] Speaker A: China. [00:03:46] Speaker B: Darbhata so. [00:03:56] Speaker A: Highest ranked perception of corruption so which is good at least the perception of corruption Canadians 15 ranked. [00:04:14] Speaker B: GDP per capita perception of corruption India is 56th number Pakistan perception of corruption 104 overall happiness index India Pakistan. [00:04:48] Speaker A: So India Highest ranking Volunteering GDP per capita India India GDP per capita which turn 93 they are more generous. [00:05:19] Speaker B: They're more generous. Number one Finland Finland is number one. So Finland average score Niklia or 7.736 top five Nordic countries Denmark, Iceland, Sweden Netherlands Costa Rica top 10 Mexico top 20 which Pelivar. Yes Mexico actually yes. [00:06:16] Speaker A: This is the first time Latin American. [00:06:20] Speaker B: Countries top 21st time Costa Ricate Mexico Israel is at number eight despite the war Israel Israel is at number eight English speaking world that is because. [00:07:08] Speaker A: Yeah. So US Canada lowest ranking European countries the ranking with political polarization, political environment. [00:07:40] Speaker B: And because of that overall the feeling of well being of course they are a lot happier. Of course it's not a rule of thumb so optimum size of a household happiness the point of view. [00:08:20] Speaker A: Yeah I guess joint family point of view. I think they are seeing it from poverty point of view. [00:08:33] Speaker B: And let's not forget that is one of the reasons. [00:09:01] Speaker A: And also emotional joint family setup. [00:09:20] Speaker B: Tangible benefits, connection. [00:09:50] Speaker A: I live alone, I eat alone and I work alone. Question is are you happy? [00:09:56] Speaker B: Are you happy? [00:09:56] Speaker A: That's the question that you are happy. [00:09:59] Speaker B: If you're happy and you know it. WhatsApp WhatsApp if you clap your hands on. I think it was the day before. [00:10:42] Speaker A: Monday see Or Fridays here. [00:10:43] Speaker B: Day before C. Day before C. Yeah. [00:10:48] Speaker A: Must be Monday. Then I lose track. A few shows before. [00:10:59] Speaker B: A few shows before Secondary suite Program Program scrap Cardena Charlie Hazard forgivable loan which is secondary suite Jinadi Arziti Arakati Marsto Pelnaji at least to accept Karlijay Manzur Hundiya band similar program. [00:12:02] Speaker A: Yeah so BC Sarkarna Stamber Visa promise Kitasi program launch Karangi program Launch Kitagaya Maximum $40,000. [00:12:58] Speaker B: Below market rate below market rate defined market rate basement. [00:13:10] Speaker A: Below market rate consideration property value homeowner grant threshold 2.15 million budget 2024 yeah so last year December I guess it does make sense. [00:14:57] Speaker B: Billions of dollars they deficit that's a good thing Construction industry suite basement already already basement it's pretty much like a full new construction construction industry so it's not enough of an amount even to build a full fledged secondary suite Federal government program launch on the J Loki low interest loan principal residents capital gains tax free secondary suite at a later date percentage of the house capital gain tax Provincial government secondary suite program like you mentioned thank you thank you. [00:17:38] Speaker A: Thank you very much and happy World Happiness day. [00:17:42] Speaker B: Happy World Happiness day World Happiness day International something UN International Day of happiness. [00:18:06] Speaker A: Pandas dollar. [00:18:11] Speaker B: Issue Canada four wheeler operate Karna hair that is there. [00:18:21] Speaker A: Regardless of Monday listeners message I was very pleasantly surprised. [00:19:29] Speaker B: Galta. [00:19:39] Speaker A: Exactly exactly happens with me as well Grocery carnisada reminders which Padio update Khadiyakaro live update. [00:20:19] Speaker B: Live grocery. [00:20:24] Speaker A: Listeners. [00:20:53] Speaker B: So Montreal Economic Institute it is scrap car example Energy east pipeline refinery so Canadian economy numbers those make sense. [00:22:14] Speaker A: Energy diversification Energy east pipeline almost 1/4 1/4. [00:22:54] Speaker B: Billion dollar per year per year Donald Trump. [00:23:31] Speaker A: 1.1 million barrels per day DC. [00:23:34] Speaker B: Energy east pipeline infrastructure like you mentioned pipeline Pandra billion dollar construction cost the estimate see so Pandra billion dollar infrastructure. [00:24:57] Speaker A: Legislation on the environment impact assessment correct pipeline LNG pipeline in north east Ontario so Quebec environmental concerns million cubic meters of gas per day. [00:26:03] Speaker B: Chancellor Olaf Scholes Canada Russia Ukraine conflict infrastructure natural gas exports to Europe. [00:26:30] Speaker A: Oil exports the US yes right so pipelines natural gas pipeline GNL Quebec Jedi projections press conference Kitia. [00:27:17] Speaker B: Quick permitting basically permitting approval process. [00:27:30] Speaker A: Ring of fire critical mineral projects majority of Quebec pipeline. [00:28:05] Speaker B: The have provinces and the have not provinces Alberta the oil and gas sector the revenues cash 97% of it Canada the energy sector last day. [00:30:14] Speaker A: I don't think so let's move on China tariffs see. [00:31:05] Speaker B: Flowers used. [00:31:15] Speaker A: That'S not feasible China tariff. [00:31:38] Speaker B: It'S a reason that's a different artistic career Mayapna Kabra Rahiya Peshkar so to see we want to radio type Karamdi. [00:32:44] Speaker A: Very kind of coming. [00:32:59] Speaker B: Back to this Donald Trump administration primarily canola products oh impact Hong yeah so. [00:34:00] Speaker A: Retaliatory tariffs as a retaliatory measure. And even for Canola. [00:34:27] Speaker B: Even for Canola. Correct. World Trade Organization the international trade Legitimate rights associations Tariff Chinese electric vehicles. Electric vehicles manufacturers know battery plants. Multibillion dollar grants, subsidies, tax incentives. Electric vehicle North American electric vehicle industry Electric vehicle producers Seafood producers. [00:36:42] Speaker A: Correct. EV tariffs China Anti dumping study Kitijaven Total included. Sorry. Exporter Canadian goods Total including the seafood and pork. China in a tariffs. Europe, Australia, New Zealand Balance of payments Message. Thank you. [00:38:47] Speaker B: I know, I know. You can forward this to me. [00:38:50] Speaker A: I can pick up the stuff. Thank you. Thank God for small mercies. Thank you. [00:39:02] Speaker B: Vijay UN International Day of Happiness. [00:39:08] Speaker A: Then I'll be happy. Okay. Bye. [00:39:18] Speaker B: Bye. [00:39:19] Speaker A: Have a good day. Thank you. [00:39:22] Speaker B: Okay, bye. [00:39:22] Speaker A: Bye. Take care.

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