Canadian economy loses 33,000 jobs in March, China retaliates to Trump’s tariffs, Rubio asks NATO allies to spend 5% of GDP on defence

[00:00:01] Speaker A: And now News Takeaway. [00:00:11] Speaker B: Connect FM 91.5 News Takeaway segment I walk to work day at least Kosha Canada as in of course tariff the uncertainty. [00:02:05] Speaker A: Over February. [00:02:06] Speaker B: February till March yes okay yes month over month month over month. [00:02:17] Speaker A: Full time. [00:02:18] Speaker B: Jobs part time jobs economy optimism November to January which Karthikriban Dolakara jobs add Honeyasi economy as in Nokriya Kat. [00:03:42] Speaker A: We market which sentiment positive Sentiment Donald Trump JP Morgan Predict Kara Recession on the SAT percent chance is by the end of this year the 60% chance of recession Tariffs announcement global recession market will pick up so business. [00:04:38] Speaker B: Yeah March day which tariffs Donald Trump impose Garvey steel and aluminum reciprocal tariffs in the month of March so yes. [00:05:52] Speaker A: Automotive plants so temporary layoffs they will also factor in. [00:06:09] Speaker B: Numbers on board Air Force One bank of Canada meeting interest rates as of yesterday a job numbers on Topella after. [00:06:54] Speaker A: These job numbers yeah so 62% chance of yet another rate cut Recession Global recession We might enter a global recession. [00:07:29] Speaker B: Just to show US employees. [00:08:10] Speaker A: Donald Trump post Patiya great job numbers far better than expected it's working already hanged off we cannot lose so job numbers strategy with jobs already. [00:08:38] Speaker B: Stock market economy reciprocal tariffs World markets which sell off the economy retaliation quickly Data set hourly wages March 10.3% per hour on average hourly wage express entry so J inflated numbers reciprocal tariffs the Kriban Thai trillion dollar s and P500 so he wipe off even major company Amazon, Nike, Walmart Dollar tree production China Rare earth minerals controls China. [00:11:09] Speaker A: Unreliable entity list Donald Trump China played it wrong they panicked the only thing the one thing they cannot afford to do what is he at? So does he even realize the gravity of what he is doing? [00:11:34] Speaker B: There is one explanation for this 10 year bond the yield 4.26% 3.9% so another Ikujara in fact, Trump deliberately markets. [00:12:01] Speaker A: No stocks when he's playing chess Others are playing checkers. [00:12:16] Speaker B: Federal Reserve mortgage Donald Trump markets debt renewal fare cut Federal Reserve interest rates so the Fed must decrease interest rates the Federal Reserve market conditions. [00:13:19] Speaker A: He thrives on this. They're still waiting and watching. [00:13:46] Speaker B: You don't know Did I say that? I can't believe I said that exactly. [00:13:50] Speaker A: Remember that statement so reciprocal tariffs reciprocate Canada Nikita Yes European allies They are still waiting and watching Donald Trump Categories Classification. [00:14:22] Speaker B: Economic order World markets Canada will lead Canada can lead distinction we will. [00:14:38] Speaker A: Make the strongest economy in G7 extremely. [00:14:55] Speaker B: Productive extremely productive Tariffs the announcement counter tariffs the American made vehicles non USMCA compliant portion and that's why so. [00:15:50] Speaker A: Sorry USMCA compliance. [00:16:04] Speaker B: Non USMCA compliant so yes you are right there are so many it's very convoluted Next Prime Minister Donald Trump conservatives in the larger scheme of things conservatives long standing trade relationship strategy as well larger level narrative. [00:18:32] Speaker A: Agreements Defense agreement is an agreement so agreement understanding yeah so Prince George RNA Forest industry representatives. [00:19:41] Speaker B: Donald Trump reciprocal tariffs announced Kit Canada reciprocal tariffs so Apple for example as we know Charlie percent tariff Lagya so tariffs that's just Apple manufacturing Amrika billion dollar AI data center. [00:21:19] Speaker A: Yeah so estimates top end iPhone. [00:21:29] Speaker B: Which he produced Karnah yeah exactly. [00:22:13] Speaker A: This is not how it works. Yeah crude oil the price Katna markets perform current game market which overall economy that demands. [00:22:28] Speaker B: These are all oil futures exactly. This year was supposed to be the stabilizer from the middle of 2024 interest rates overall affect economy anywhere between that time economic point of view 2025 it. [00:23:36] Speaker A: Was primed for that. [00:23:38] Speaker B: Yes. [00:23:44] Speaker A: Donald Trump. [00:24:16] Speaker B: Elon Musk it was almost like an election of billionaires. [00:24:57] Speaker A: Resolution. [00:24:57] Speaker B: 37 Resolution 37 Democrats within the supporter base and all that. [00:25:34] Speaker A: Donald TRUMP the McDonald's the ice cream Correct. [00:25:37] Speaker B: So within the country within the U.S. [00:25:52] Speaker A: They played it wrong so you know. [00:25:55] Speaker B: What Trump's been saying Air Force TikTok example example TikTok for example divesting the deadline American control so can they sitra Ho Chi which we negotiate top of the table 1% elite advisors with no health condition don't just think contact think insurance 604-828-7213 or visit thinkinsurance cassay hmm, things go haywire again. Donald Trump just had a very productive call with Toe Lam General Secretary of the Communist Party of Vietnam who told me that Vietnam wants to cut their tariffs down to zero that's what he wants if they are able to make an agreement with the U.S. i thanked him on behalf of our country and said I look forward to a meeting in the near future. Yeah. [00:28:48] Speaker A: China panic I think it's going very well the markets are going to boom boom are going to go boom. We might also mess up. [00:30:12] Speaker B: That's true Debt levels and all that's. [00:31:04] Speaker A: A concern I share. [00:31:05] Speaker B: That's a concern I share. Economic growth provincial nominee program number about 8,000 C so overall immigration numbers the J deficit hegahas billion. [00:32:33] Speaker A: Healthcare professionals Healthcare professionals Donald Trump cardiologist personality. [00:33:28] Speaker B: And there could be somebody There could be other factors too. Political ideology. [00:33:46] Speaker A: Family reasons that's what he said. [00:34:05] Speaker B: Already Programs Gina the jelly core Scala secondary job. [00:34:22] Speaker A: Yes Workers immigration. [00:34:40] Speaker B: Credit. [00:34:40] Speaker A: Rating downgrade but this is a concern. [00:34:42] Speaker B: I share with you Some creative acrobats for sure. BC Conservative BC Alberta Republic of Western Canada and a Protectorate of the U.S. david Williams BC Conservatives Protectorate of America Republic of Western Canada Republic of Western Canada Concerns properly addressed. [00:36:00] Speaker A: So residential schools first nations Conservative Party of Canada anti NATO protests By the way Canadian terrorist entities from Edmonton Gateway. [00:37:06] Speaker B: Last day to file nomination papers. [00:37:12] Speaker A: Healthcare professionals pay difference and that's humongous for example, Medical professional Canada which dead luck Canadian dollar same working hours. [00:37:33] Speaker B: US Dollars and in many cases cost of living and I believe all medical professionals are willing to move to the USA from other way around. It's the other way around. [00:38:25] Speaker A: Vancouver had downtown okay the San Francisco. [00:38:28] Speaker B: Downtown vacancies Granville street corridor overall weekly visits Downtown Improvement Association. [00:38:59] Speaker A: San Francisco downtown Vancouver Downtown San Francisco downtown Export terminal. [00:39:23] Speaker B: Export Terminal Billion Dollar which LNG Infrastructure. [00:39:29] Speaker A: Project so Private Sector Single Investment $40. [00:39:35] Speaker B: Billion LNG Terminal Greece the Greece the ship Greece the flag the Maroon Gas Roxana Jeddah Douglas Channel Export terminal equipment the testing pipeline equipment is terminal installed. [00:40:11] Speaker A: So equipment system the testing so testing operational so which is a big news for British Columbia Natural gas Dawson Creek Coastal GasLink Pipeline COVID 19 so January we saw protest It's a coastal gas link so pipeline is project natural gas capacity million ton per year in phase two the which proposal to begin with Chadha million ton natural gas Export Car Phase 2 the which ATAI million ton. [00:41:11] Speaker B: Export capacity Natural Resources Canada overall potential billion dollar per year national economy by the middle of this year Middle of this year overall energy resources the extraction development Trans Mountain pipeline the expansion project expansion but other economic benefit Pipeline expansion Nahu gasoline benefits Foreign ministers the Melanie Jolie campaign Chad Brussels Belgium Ponche Hoyene Foreign ministers meeting the which Marco Ruby Ojla Amrikade Secretary of State Defense spending the target commitment. [00:43:13] Speaker A: Foreign Affairs Minister Melanie Jolie by the way campaign I replied that the US was at 3.2%. [00:43:32] Speaker B: I. [00:43:32] Speaker A: Am not into speculation 1.37% of GDP additional saw billion dollar per year per year. [00:44:13] Speaker B: National security interest Canada defense spending he was the one who finalized that. [00:44:41] Speaker A: Agreement Procurement specialist Department of National Defense Procurement by the way European Jedisade Partners Joint procurement Joint procurement. [00:46:12] Speaker B: European Union Collaboration Canada European Union this is working. [00:46:54] Speaker A: Thank you very much. [00:46:55] Speaker B: Thank you very much. [00:46:55] Speaker A: Have a very nice weekend. [00:46:56] Speaker B: You too.