Episode Transcript
[00:00:01] Speaker A: And now News Takeaway.
[00:00:13] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay.
[00:00:24] Speaker A: Good morning Connect now connect Good morning. Welcome back Vijay.
[00:00:29] Speaker B: Thank you my brother.
[00:00:29] Speaker A: Very good to have you back.
[00:00:30] Speaker B: Thank you, thank you. Good to be here.
Good to be back. Good to be back once again and thank you. Just pretty ready thank you very much.
I think it's been more than 15 days I think in between to speak to you.
[00:01:09] Speaker A: Yeah.
[00:01:10] Speaker B: For me, for me right?
It's good to be back and it's good to be talking to you, my brother.
[00:02:17] Speaker A: Yeah, yeah.
[00:02:24] Speaker B: Yeah See Lagla Pharma escape Karniyamaja farm the owner.
[00:02:35] Speaker A: But any Dur.
[00:02:36] Speaker B: Takanika but yeah Unfortunate plane crash related only airport take off to Mahes Domin Tamadi London Janasi is Jahad a crash MBBS students the hostela yeah on the ground V and of course.
[00:03:53] Speaker A: It'S very unfortunate.
[00:03:56] Speaker B: Boeing the Dreamliner 787 is model DE Jahad this is the first crash of its particular plane Air India.
[00:04:37] Speaker A: Yeah Survivors for media reports in fact Vijay Rupani Gujarat we saw Chief Minister.
[00:05:28] Speaker B: Sorry flight manifest I don't think the black box has been recovered of course Canada Postal worker the union offer back and forth negotiations meetings the crib.
[00:06:35] Speaker A: Yeah so Mamla Kitikadasi Mainu as you mentioned Canada Post final offers present union Samne union Vale agony final binding arbitration Binding arbitration Canada Post the financial situation so we do not want binding arbitration so Canada Post the hen offers.
[00:07:25] Speaker B: Members.
[00:07:38] Speaker A: Of reference decide Karlo right Canada Post union CUPW oh we apna response Canada Post the offers mediators they threw exchange union Apnea terms and reference Samaj Lovi framework Banaki arbitration the phitaga Canada Post framework reject Karta Industrial Inquiry Commission the report I see William Kaplan Valley.
[00:08:34] Speaker B: Terms of reference.
[00:08:49] Speaker A: Those of those other meetings can they strike?
Can they lock out they can they hone a membership so can they a vote now is in public interest that it is in public interest now that membership of CUPW has the opportunity to vote on Canada Post last offer.
[00:09:30] Speaker B: Canada Post Crown Corporation Canada Industrial Relations Board Jobs Minister Canada Post Corporation.
[00:09:43] Speaker A: Yeah Binding arbitration Binding arbitration Terms of reference Industry Relations Board Minister labor code this section 108.1 subsection 1.
[00:10:28] Speaker B: Canada Post unemployment rate for the remainder of the year.
[00:11:09] Speaker A: Yes yeah Job numbers it increased to 7% overall numbers full time jobs Full time jobs Part time jobs part time workers.
[00:11:41] Speaker B: Right, right right but there was. There was. There was one particular update.
[00:11:57] Speaker A: Yes so.
[00:11:58] Speaker B: Entry level jobs it's around 16% towards the end of May announcement first time home buyers first time buyers full rebate.
Okay.
Important is 44,000.
[00:13:17] Speaker A: Exactly.
[00:13:21] Speaker B: That's quite the significant. Quite a significant amount. But I think calculations first time buyers properties and actually largely Canada even detached car.
You know this is an exception.
[00:13:54] Speaker A: So a lot of properties they will qualify.
Properties will qualify.
[00:14:04] Speaker B: That's the maximum.
[00:14:04] Speaker A: That's the maximum.
[00:14:11] Speaker B: Correct.
[00:14:16] Speaker A: So 50,000.
So average parliamentary budget officer estimates.
[00:14:37] Speaker B: First time buyers benefit Hoyga is policy PBO the report revenue loss.
[00:15:21] Speaker A: 1.9 billion revenue loss for over six years $10.0 billion first time home buyers.
[00:15:37] Speaker B: So disconnect I think case report first time home buyers that's going to be.
[00:16:24] Speaker A: Somewhere in the middle.
[00:16:29] Speaker B: Maybe about $2.9 billion.
[00:16:30] Speaker A: Life happens in the grades.
[00:16:36] Speaker B: So you already mentioned maximum rebate. That's only going to be 50,000. That's going to be $50,000.
Estimate char point total housing near completions first time buyers.
[00:17:20] Speaker A: First time home buyer.
[00:17:23] Speaker B: Agreements.
As long as one of the persons on title is a first time buyer.
As long as even one person is a first time buyer.
Property principal residence.
[00:18:08] Speaker A: To qualify for this rebate first time home buyer. They have to be the first occupant of that home, right?
[00:18:24] Speaker B: Yes.
[00:18:43] Speaker A: They have to be the first occupant of that problem.
[00:19:50] Speaker B: Demand Val Sagdiya observers so that is one expectation.
Apartments, condominiums Banay family oriented Haini investment oriented.
[00:20:27] Speaker A: Yes.
[00:20:27] Speaker B: Jaraku first time buyer requirements, the space requirements and all that. GTA Bangi condominium market Square foot the apartment Ginanu family GST rebate first time home buyers the help.
Yeah.
First time buyers the help.
Because if the prices come down retirement plan.
Right. So real estate sector, construction industry Laguho. Have you seen any difference first time buyers Lending environment, interest rate environment.
[00:22:29] Speaker A: It's on a different level today.
[00:22:32] Speaker B: Thank you.
[00:22:50] Speaker A: So compensate Karani Kosha.
[00:23:00] Speaker B: Better.
Sometimes you talk over your cough.
Yeah. So make the level toe here.
Construction developers.
[00:24:28] Speaker A: Stress test.
[00:24:31] Speaker B: Yes, stress test pandemic.
So yes, it's a very relevant and pertinent question.
Property transfer tax multiple times tax Lagda double, triple, quadruple. And in many case calculation accounting.
Oh yeah.
[00:25:15] Speaker A: Yeah.
Donald Trump.
[00:25:45] Speaker B: It's been a while. It's been quite a while.
[00:25:46] Speaker A: Yeah.
[00:26:02] Speaker B: Price down, quality of property.
You know G7 summit is.
[00:26:49] Speaker A: Eduardo.
[00:26:50] Speaker B: I say Eduardo.
Canada Cold sariya jahe non G7 members Saudi Arabia the Crown Prince MBS Mohammed bin Salman.
[00:28:19] Speaker A: So most likely MBS President bin Zayed.
[00:28:29] Speaker B: Al Nayuan the tariff war Rare earth minerals behind the scenes between the Canadian authorities and the US authorities yeah.
[00:29:51] Speaker A: So Canada US three trade Barigal Kali G7 so Canada US direct talks.
President Donald Trumps in a direct talks which Mexico documents terms of agreement exchange Golden Dome project joint bases critical minerals access.
So Canada steel aluminum dumping.
[00:32:09] Speaker B: Chinese.
[00:32:13] Speaker A: Escalation from Canada.
This is probably the first phase of such talks.
[00:32:37] Speaker B: Hypothetical scenarios working document back and forth.
[00:33:19] Speaker A: Precursor announcement.
So.
[00:33:39] Speaker B: Generally overall Canada US which Kajali we are trade negotiation.
[00:33:45] Speaker A: Positive direction. But at the same time Amrika negotiations career process current. So that remains to be seen per G7 summit can they be catalyst international summit.
[00:34:46] Speaker B: You're very right to point that out.
Geopolitical Mamlane International issues TRUMP.
[00:35:27] Speaker A: G7 Chair's statement issue KITIJAWE Joint statement.
[00:35:40] Speaker B: Right.
[00:35:58] Speaker A: COP 26 Summit.
[00:36:18] Speaker B: That is very correct.
Yes, correct.
Back and forth joint statements Donald Trump Leader G7 summit.
[00:37:34] Speaker A: Then what do you expect out of the second and third day?
Outstanding issues, closed door meetings.
Closed door meeting juicy details communication progress.
[00:38:29] Speaker B: It will be like a banker statement. It means.
[00:38:41] Speaker A: Closed door meetings.
[00:39:31] Speaker B: So.
[00:39:45] Speaker A: Bilateral.
So UK Denal bilateral meeting. V is summit.
[00:39:57] Speaker B: Significant and of course UK Brexit European Union Canada UK which Karku trade deal exists.
So trade deal.
Bilateral trade deal.
You are very right. You are very right.
Northern Canada which is indigenous so bank of England.
So you're right.
This is the.
This is the best opportunity right now.
[00:40:56] Speaker A: Ratifications.
Yes.
[00:41:05] Speaker B: Especially with European Union overall military procurement program.
So alignment.
[00:41:34] Speaker A: So Netherlands Sorry Netherlands NATO leaders summit.
[00:42:03] Speaker B: Again Correct me if I'm wrong and there is a significant chunk of the money.
[00:42:25] Speaker A: 3/4 defense spending like minded partners domestic Joe production had defense $10 billion.
[00:42:47] Speaker B: Overall Kharch def by end of this year.
[00:42:55] Speaker A: Industrial strategy Defense Industrial strategy domestic production Canadian Armed Forces.
[00:43:41] Speaker B: NATO summit Canada by the end of this year.
So Canada there is every likelihood.
[00:44:07] Speaker A: Or.
[00:44:08] Speaker B: Maybe so basically.
[00:44:19] Speaker A: Since we are talking about this Vijay Target 10 billion dollar extra Auditor General report published Kitiyas.
[00:44:47] Speaker B: Sorry I'm cutting you off.
A day by Day Project.
[00:45:09] Speaker A: 50% Lockheed Martin Prime Minister so only billion dollar the contract Karen Hogan Auditor General reports.
[00:45:43] Speaker B: So.
[00:45:48] Speaker A: Billion dollar more than expected so defense billion dollar F35 the contract the total $0.10 billion procurement over course of many years.
[00:46:13] Speaker B: But still.
[00:46:17] Speaker A: David McGinty who's our defense Minister Correction fluctuation contract.
[00:47:11] Speaker B: Organization House of Commons.
[00:47:39] Speaker A: National Party is the caucus meeting now that Modi is invited we have to move forward is alarmed. So Prime Minister is alarmed about the issue and he will be very strong in dealing with those issues that are important to Canadians during this summit.
Foreign interference the transnational crime.
Yeah to continued public safety dialogue, morning session, afternoon session, foreign interference, public public Safety, Transnational Crime G7 only sessions individually invited leaders, extended family photograph that's being said right now.
[00:50:41] Speaker B: News United nations, the watchdog nuclear arms, nuclear proliferation commitment.
[00:51:17] Speaker A: Nuclear deal agreement, uranium enrichment program, Donald Trump, Israel, American embassy in Baghdad, Iraqi Kurdistan, which we did in other diplomats.
It's becoming a dangerous place.
[00:52:20] Speaker B: American diplomatic presence, Iraq, embassies as a precautionary measure.
[00:52:52] Speaker A: American bases, American establishments.
It's becoming a dangerous place.
Israel, Iran in turn, American establishments, the Israeli establishments.
Anything less than that is not acceptable.
National consensus, joint statement, Israel, the cabinet ministers concerning Iran, Hamas, Hezbollah.
[00:54:57] Speaker B: Inflection points.
Then Iran comes in directly and overall.
[00:55:30] Speaker A: Thank you very much, Vijay. It's very good to have you back.
[00:55:32] Speaker B: Thank you and always a pleasure interacting with you.
[00:55:41] Speaker A: Thank you, brother.
Thank you very much.
