Canadian GDP rises in October, More Liberal MP's want Trudeau to step down, Trump threatens to take over Panama Canal, Honda and Nissan announces merger.

[00:00:01] Speaker A: And now News Takeaway. [00:00:14] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay Good. [00:00:22] Speaker A: Morning Connect Null connect. [00:00:27] Speaker B: How was your commute this morning yeah weekend Thailand Bangkok direct flight so Air India Express ace Char Kante flight they which Pandra liter alcohol consume Kargiya. [00:01:40] Speaker A: Less than that million euro Agave Acha email humanitarian donation so Connolly humanitarian project notification date by December and up to date. [00:02:26] Speaker B: World is a. [00:02:26] Speaker A: Village it is yes indeed yeah. [00:02:47] Speaker B: Australia email address of Tonda so they go Kichelam fraudsters don't saranu bhatchkarana email 3k. [00:03:12] Speaker A: Bitcoin. [00:03:16] Speaker B: Bitcoin pay then I euro the kikarna euro the up collapse be very careful information in the Fair Canadian economy 0.2% economy which expansion the real GDP in the month of October 0.10%. [00:05:44] Speaker A: So goods producing industry 0.9% growth mining the oil and gas sector the services producing sector 0.1% growth real estate rental and leasing industry services producing sector so total. [00:06:15] Speaker B: V sectors GDP report expansion and like you mentioned mining querying oil and gas extraction growth. [00:06:35] Speaker A: 2.4% growth sector which oil and gas sector which 3.1% growth mining which 0.8% manufacturing 0.3% overall growth non durable goods which Petroleum coal products which 1.2% growth durable goods the manufacturing contract decline 0.4% real estate rental leasing the Galkari 0.5% growth consecutive Minasi Lagatar is sector growth register and this is the largest since January of this year Construction. [00:07:13] Speaker B: Activity which we lagatar Gemini again and again October numbers October day numbers so October which nationally construction activity 0 point char percent overall non residential building construction construction. [00:07:53] Speaker A: Renovations sector decline Register wholesale trade 0.5% growth transportation warehousing overall 0.2% growth transportation warehousing which cost transportation which 1.6% growth pipeline transportation 1.9% transportation warehousing the trucking sector so this is not just limited to trucking sector overall transportation the warehousing which growth 0.2% air transportation grew by 1.6% pipeline transportation that grew by 1.9% so no trans mountain pipeline. [00:08:55] Speaker B: Transportation that very word. [00:09:24] Speaker A: Thank you many part. [00:09:30] Speaker B: Honestly man. [00:09:41] Speaker A: Email ICG time million euro let's move on thank you Correct November static. [00:10:11] Speaker B: October I think it was October 23rd bank of Canada Jumbo size rate cut Kitasi there's no half a percentage point the rate cut Kit of course on December October half a percentage point in the month of November November December activity so October economic activity which translates. [00:10:51] Speaker A: Consumption expenditure accommodation food sector real estate rental housing overall 0.1% economy decline Karigi contract Karigi oil and gas mining, quarrying, transportation warehousing sectors which can they decline? Maybe accommodation sector food sector real estate, rental and leasing. [00:11:24] Speaker B: Retail sales consumption of course retail sales is all about automotive sector from this time of the year so rate cuts yes overall business investment business manufacturing oil and gas resource extraction context to be specific that's true so hon Panama Bariki Kara Henny Panama Canal Barikah Memorandum of understanding another sign by middle of next year Donald Trump. [00:13:47] Speaker A: Has anyone ever heard of the Panama Canal? [00:13:50] Speaker B: Really? [00:13:51] Speaker A: Because we are being ripped off at the Panama Canal like we are being. [00:13:55] Speaker B: Ripped off everywhere everywhere else both in Western Western project take over Kita Pacific Ocean. [00:14:51] Speaker A: Otherwise South America. [00:15:04] Speaker B: So. [00:15:11] Speaker A: Sorry South America South America so South America Central America South America. [00:15:28] Speaker B: Egypt. [00:15:31] Speaker A: Otherwise correct so Central America South America so South America. [00:16:24] Speaker B: Between 1977 and 1999 as in US and Panama jointly after more than 25 years of that Donald Trump. [00:16:50] Speaker A: Recently conditions normalize Panama Every square meter of the Panama Canal and the surrounding area belongs to Panama and will continue belonging to Panama this is non negotiable. [00:18:39] Speaker B: Correct Canada yes. [00:20:02] Speaker A: We should discount that we're not selling it. [00:20:52] Speaker B: Territory so. [00:21:28] Speaker A: You can discount that we don't know even not there. [00:21:35] Speaker B: And we are not reacting Social media artificial intelligence officially confront and yes you are right to your point but important. [00:22:40] Speaker A: So Panama Canal the JD administration as it is which lead up to the Panama Canal Consultant Advisor media interview Donald Trump he must score as many Trump points as possible so Canada deal Hasle Karni they are Trump points for him we just a tally mark for him. [00:23:41] Speaker B: Canadian politics social media Post Dominic LeBlanc let's just transition into the Energy MP CBC. [00:24:45] Speaker A: Over the weekend Saturday Ontario so Liberal Party of Canada Ontario caucus virtual meeting Hoy Christia Philant V Modut son must resign. [00:25:16] Speaker B: The timing of it and the letter. [00:25:24] Speaker A: Most of Liberal MPs want Justin Trudeau to go Liberal Party sources New Year's Eve they cold British Columbia. [00:25:52] Speaker B: So he's not going abroad anywhere. [00:25:59] Speaker A: And he's reflecting upon all the things which were told to him during the caucus meeting and after that. [00:26:12] Speaker B: Like you said and with each passing day MP total nay Jonatha which Ontario more than two dozen and coming to the options it's a big if Liberal Party in an election year that's too long of a time so that's option number one. [00:27:41] Speaker A: Interim leader so Liberal Caucus interim leader election Lady Sarkar February March clear non confidence motion so he can still say Conservatives motion present Kita Manobi another February end which Mokambanda support. [00:28:48] Speaker B: Even beyond that actually I think it may experts are saying. [00:28:51] Speaker A: Most likely this is going to be in late February or early March ideology then Canadians will see through it. [00:29:33] Speaker B: Supporter base. [00:29:53] Speaker A: Options practically so either they provoke the parliament Governor General Governor General Ferru. [00:30:05] Speaker B: Parliament minority government Conservatives governing JD Power Hoiki your Liberal party sir Karbananda Stephen Harper Parliament Provoki TC Governor General CK Michelle John specific deadline. [00:31:01] Speaker A: So Liberals so up to four months. [00:31:26] Speaker B: Whoever becomes the leader no matter what there are more and more signals debates which Justin Trudeau televised debates. [00:32:40] Speaker A: Right now chances are Christia Filan will become the leader she was at the helm she was the finance minister deputy prime minister that's right that's. [00:33:11] Speaker B: Right. [00:33:33] Speaker A: Leadership debate leaders debates Justin Trudon then in the same way he's capable of saying anything yeah that's right. [00:34:07] Speaker B: Memorandum of understanding sign Kita formally so that's Honda and Nisante alliance member Mitsubishi Tesla BYD Chinese company joint holding company. [00:34:59] Speaker A: Jodo Majay Electric vehicle transition the culture Lisi Electric vehicles are the future they are waiting and watching Hydrogen fuel cell Hydrogen fuel cell electric vehicles Hydrogen is the fuel of future consolidation bar is Sochlo Apas Kate Hojao Takara Electric vehicles that thing that triggered these talks Memorandum of understanding sign agreement formalized company holding company Tokyo Stock Exchange August 2026 possibility of this not happening is not zero. [00:36:49] Speaker B: Worldwide well known company total produce Kitia Nissan 10 point char million vehicles produced sales volume Toyota is the largest company in the world JC market capitalization so Tesla dollar figure valuation of course Tesla the valuation catalyst Donald Trump the election victory but anyway coming back to this billion dollar USD market capitalization existential threat from BYD and Tesla manufacturers electric vehicles software develop Kirk Electric vehicles supply chain Electric vehicles better competition correct yes yes very. [00:38:41] Speaker A: Recent yeah merger so efficiency of scale so electric vehicle software so batteries electric batteries so batteries body on frame. [00:39:09] Speaker B: The. [00:39:09] Speaker A: Infinity the qx80 so body on frame type so Honda the inventory consolidation it. [00:39:29] Speaker B: Might help Memorandum of understanding the other so maybe Honda market they which diversify Karandevaste multiple passe one of the AC Sal like electric SUV provogue I think it's called the Honda provoke prologue one of the two I don't know one of the two that's been doing well maybe prologue. [00:40:27] Speaker A: Hold on. [00:40:32] Speaker B: Contradictory electric vehicles Canada multibillion dollar subsidies EV manufacturing plants the battery manufacturing plants Toyota the example American legacy automakers electric vehicles. [00:41:29] Speaker A: Correct demand electric vehicle 50 electric so they've already. [00:41:55] Speaker B: Reached that already there. [00:41:58] Speaker A: Leader. [00:42:03] Speaker B: They've got such amazing EV manufacturers. Ultra luxury utility vehicles. [00:42:20] Speaker A: Manufacturers battery. [00:42:49] Speaker B: Battery manufacturing economy of scale manufacturers in China domestic market electric vehicle manufacturers growing domestic market legacy automakers Honda, Nissan. [00:43:37] Speaker A: Valley German automakers build quality. So battery world the second largest automobile conglomerate. What's keeping them. [00:44:07] Speaker B: Electric car gas powered vehicles. So it's almost like building a new home from scratch versus renovating an existing structure piping the horkuj fittings. I think he said something last year Apple system set up honed. I think the biggest disruption really next on telecom sector satellite calling and Tesla is primed for that. [00:45:19] Speaker A: And Apple is also streamlining. But soon they are prepping their phones. [00:45:30] Speaker B: For that they have to Elon Musk data Jagalkario subscription Lelo North America which were the subscription. So you don't even have to worry about buying a conventional cell phone. On cell phone we conventional canop area. [00:45:57] Speaker A: Thank you.