Interest rate cut chances diminish after latest inflation report, Canada Post workers could go on strike starting Friday, Carney promises federal budget in the fall.

[00:00:01] Speaker A: And now News Takeaway. [00:00:17] Speaker B: Connect FM 91.5 News Takeaway segment. [00:00:31] Speaker A: Weekend long weekend not long enough. [00:00:35] Speaker B: Not long, Never long enough. My dad was saying to me yesterday. [00:01:06] Speaker A: He would have preferred your Friday long weekend. I don't like Friday day long weekend. [00:01:10] Speaker B: I prefer Monday long weekend. [00:01:11] Speaker A: Yeah same here Rational person. [00:01:36] Speaker B: Is Tuesday so Saturday Sunday Monday working day so you know what a lot of people will do, right? Yeah, yeah a lot of people extra long weekend Inflation the numbers Prayal Mehin Inflation numbers year over year inflation carbon tax eliminate energy specifically across the country Consumer price index year over year interest. [00:03:18] Speaker A: Rate cuts inflation so inflation so to say listeners they benefit Most of our listeners already know this. [00:03:40] Speaker B: Yes. [00:03:49] Speaker A: As compared to March. [00:03:53] Speaker B: Rate of inflation inflation dictionary meaning. [00:04:08] Speaker A: Prices energy prices energy as compared to last year's April Yes Crude prices energy prices overall the fair inflation core measures so CPI median the CPI trim. [00:05:16] Speaker B: 10.8%. [00:05:30] Speaker A: 13 month high yeah so energy prices inflation overall take points. [00:05:53] Speaker B: Energy prices. [00:05:58] Speaker A: Travel towards 6.7% food prices grocery inflation 3.8% food prices food prices fresh vegetables 10.5 fresh frozen beef coffee and tea Therapoint Jahar percent sugar and confectionery at point the food preparations 10.2%. [00:06:30] Speaker B: Year over year prices tours and travels so 6.7% increase over a matter of one month. [00:07:04] Speaker A: Yeah overall month over month 0.8% cut inflation month over month inflation headline inflation was 0.8% month over month expectations expectation Joe inflation 8 point expectation 1.6% analyst 1.6% inflation so expectations we won't charge bank of Canada interest rate not happening so market expectations so yeah Electoral workers hire. [00:08:48] Speaker B: Yes so team. [00:08:53] Speaker A: Interest rate announcement. [00:09:00] Speaker B: Many other sets of data bank of Canada largely speaking job numbers inflation numbers data the end of the month GDP numbers are data Interest rates maybe bank of Canada interest rates yeah. [00:09:29] Speaker A: Marijuana interest rate bank of Canada Valley market inflation number anomaly because of the carbon tax removal so. [00:09:54] Speaker B: Every month after month every month one point something just over 2% for the rest of the year Headline inflation number number they can allow CPI trim the CPI median core inflation number. [00:10:35] Speaker A: Yeah so ugly March inflation the numbers take them with a pinch of salt. [00:10:40] Speaker B: Yeah yeah yeah. [00:10:49] Speaker A: British Columbia. [00:10:56] Speaker B: National average carbon tax elimination overall JADA headline inflation the number so carbon tax federal sir Carbon tax inflation trade system. [00:11:46] Speaker A: As expected. [00:12:04] Speaker B: 300 items yes. [00:12:35] Speaker A: That'S not how it. [00:12:36] Speaker B: Works that's not how it works Specifically coffee not too long ago that's now like close to 2025 Canada Postal Workers Union Basically the Canada Postal Workers they'll walk off the job within the Last six months Canada Post the Postal workers the union they'll walk off the job action November December Labor Ministry Stephen McKinnon Labor Relations Board Collective agreement Industrial Inquiry Commissioner Industrial Inquiry Commission the report. [00:15:14] Speaker A: Industrial Inquiry Commission Canada Post Report Airport Ministry recommendations. [00:15:53] Speaker B: Effectively. [00:16:02] Speaker A: Recommendations Daily door to door residential delivery Weekend part time workers hire Karando we partial delivery private couriers William Kaplan Industrial Inquiry Commissioner Commissioner Temporary workers Part time workers Part time workers they will not be gig workers yes, well paid jobs same rate. [00:17:21] Speaker B: Weekend delivery two tier system part time workers Recommendation. [00:17:54] Speaker A: Canada Post Nanu Welcome Kita. [00:18:00] Speaker B: Yeah Canada Post praised the recommendation not the union then they're working on the job before taxes Latest annual reports and for each year after that Billion dollar Canada Post A billion dollars to keep going. To keep going. Finger pointing of the Varashru Honvaliya Friday Sachi strike Hojandiya the union open and clear CBC executives Executives know Multimillion dollars the bonus the burden of change Rosanna million dollar Canada Post per day the 8.8 million parcels per day which is about 29% of the parcel market share. [00:21:40] Speaker A: They did a Crown corporations by default. [00:21:44] Speaker B: So yeah option 1.034 billion. [00:22:10] Speaker A: So. [00:22:19] Speaker B: Yeah self sustaining. [00:22:25] Speaker A: It is still worthwhile to preserve Canada Sorry Canada Post as a national carrier Carrier as a national body national mail carrier so something interesting I'll find it National Vital national institution Institution Vital national institution so can they it is still worth saving it. [00:23:03] Speaker B: Christmas season that is one of the busiest times of the year JD Leverage Canada Post the union overall public opinion public sentiment trump the tariffs the trade trade war businesses already trade war sentiment. [00:24:02] Speaker A: So interesting. Let's not forget Parliament. [00:24:11] Speaker B: Yes. [00:24:15] Speaker A: So party same Upper Sarkar Badliya Mark Arnip Federal Labor Minister Secretary of State Minister of Jobs Jobs and family something title so one of the title Minister of Jobs and families. Yeah the umbrella Haiti Secretary of State for Labor John Zerucelli so with Mark Carney at the helm handle Khadiya is strike throughout the election campaign. He's a man of action. So I'm not saying strike nonsense. [00:25:02] Speaker B: So. [00:25:03] Speaker A: I'm saying he means Parliament the session. [00:25:14] Speaker B: Yes, yes. King Charles first time as King of Canada not that you know what I mean like overall sentiment Crown corporation national mail carrier important national institution. Of course political narrative. So they Canada the Vijay Crown corporations. [00:26:04] Speaker A: Natural resources Ali Hong Kong yes. [00:26:15] Speaker B: Geographically we are such a huge country. Isek Jerry maintain Rakna Zuriya Kyoke private company Anita Sivamasira De La Kan which rural areas which both Saraj locations They are going to get the maximum Return. [00:27:22] Speaker A: Remote areas mail delivery then employ drones. [00:27:28] Speaker B: Yeah, yeah. Those changes are going to happen. Those changes are happening. Technological adaptation so ATKI is strike political pressure. [00:28:07] Speaker A: Opposition with their leader having lost his own election. [00:28:11] Speaker B: You are right. [00:28:26] Speaker A: He led from the front Federal public service. Federal public service. You know what I mean? [00:28:56] Speaker B: Yeah, yeah. Inflation. Why hurts government job people? Why not private sector employees they don't need pay increase Well, I think collective bargaining workers unionized workers. So that is unionized workers. It's like I think 50 or $60 or $70, which is not enough at all. Less than 50 bucks. [00:30:54] Speaker A: I think 14 per hour. [00:30:57] Speaker B: You're right. You're right. So Jerry Workers Situation 14 an hour for maximum of four hours per day. [00:31:22] Speaker A: So. Yeah. So striking workers. [00:31:36] Speaker B: Speaking of dark. [00:32:00] Speaker A: Most. [00:32:00] Speaker B: Of the mail and partial delivery. And that starts from Friday onwards. Friday international leaders briefing Ultimately. [00:33:12] Speaker A: Cabinet meeting throne speech income tax Katwali legislation Economic statement for valid reasons deficit economic situation Economic statement comprehensive budget. [00:34:17] Speaker B: There is not much value to figure out economic fiscal outlook Netherlands of course Canada fiscal implications defense spending. Defense spending. [00:35:25] Speaker A: Yeah, so it makes more sense Economic statement page but fiscal deficit. [00:36:25] Speaker B: They fall Economic statement present Karantopelin Christia Freeland 62.3 billion Something to that effect Liberals the leadership campaign prorogued Parliament election Pichle Saldi projection already Chodam billion dollar and by the time we get the budget OV from J that extends over nine weeks or something Would it be at the beginning of the fall session? Most likely, yes. Communication. [00:38:03] Speaker A: It was a planned plan Media backlash oppositional I think spring budget fall economic statement yes, it will have more information but as compared to a conventional budget it will still be bare bones. Yeah. [00:38:48] Speaker B: We are merely five, six months away. [00:39:04] Speaker A: Stripped down Budget. [00:39:14] Speaker B: Message I think social media John Krachank so Das Dinawal budget release even Justin Trudone budget release Gitasi Stephen Harper budget release Gitasi already earlier in the year that was in the October of 2015 whatever the number of days that were budget they scheduled the normal time the budget was presented much later 2025, 2026 so we don't have that budget. So that's why. [00:40:36] Speaker A: Yeah oh Canadians 911 situation 20002001 leadership campaign trigger correct to January to Lake Sarkar the Apni Donald Trump. [00:42:02] Speaker B: A political a political requirement party the political requirement Otherwise July election. [00:42:45] Speaker A: Is the number one threat to Canada reports Trans Mountain pipeline expansion export almost half. [00:43:00] Speaker B: Expanded capacity Statement by the prime ministers or the leaders national leaders of Britain, France and Canada he said Israel. [00:44:15] Speaker A: A turn of events Donald Trump Israel Middle east so panja me cabinet full fledged operation Donald Trump Middle east yesterday Benjamin Donald Trump Gaines European leaders so fair Canada Ukraine sorry Canada UK France in other leaders joint statement and not just that 22 foreign ministers Navy which we Canadian foreign minister joint statement and that could include sanctions. [00:46:14] Speaker B: Sanctions against Israel of course Benjamin social media platform already hostages 58 of those are already are still in Hamas's captivity. [00:47:13] Speaker A: Yeah so. [00:47:24] Speaker B: In the last 48 hours or so. [00:47:58] Speaker A: So world food program metric ton food Benjamin minimum level that's not enough. [00:48:52] Speaker B: We can see it was yesterday. [00:49:21] Speaker A: So Donald Trump excellent call. [00:49:52] Speaker B: So basically us is stepping away stepping away that. [00:49:55] Speaker A: That'S the main story. [00:50:15] Speaker B: What did he say last week. [00:50:35] Speaker A: So now he's stepping back now he's stepping away very informative. [00:50:45] Speaker B: And very frank discussion very frank discussion. [00:50:54] Speaker A: Memorandum proposed future peace treaty but Russia the position is very clear the main thing for us is to eliminate the root causes of this crisis root cause Russia Ukraine. [00:51:23] Speaker B: Development defense partnership drinks between the European Union and Britain. [00:52:22] Speaker A: Square one tele Brexit Jimmy to see Katami. [00:52:45] Speaker B: Backing you expected see Jo nay Randi European molkane so vekdam baki horad developments on the ani. [00:53:00] Speaker A: Thank you very much have. [00:53:02] Speaker B: A good day and Tanusham thank you G.