Latest inflation data dampens hope of interest rate cut, Carney campaign director launches strategic firm, Poilievre wants immigration cuts.

[00:00:02] Speaker A: And now News Takeaway. [00:00:14] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay. [00:00:22] Speaker A: Good morning Connect Null Connect. [00:00:32] Speaker B: Yeah Summer friendly Foods Family Friendly 604 800-70915 Sadh WhatsApp the number as compared to what it was in the month of May June food prices year over year 10.10 so. [00:02:18] Speaker A: Overall inflation the number headline inflation number 1.9% 8.0% manga ibadiya June compare karna pistol month over month 0.8% number energy prices definitely oh inflation numbers energy prices. [00:03:12] Speaker B: So. [00:03:16] Speaker A: Inflation that's a major contributing factor. [00:03:37] Speaker B: Carbon tax implemented Siga JD real headline inflation so like you already mentioned CPI trim CPI median ascending order descending order the midpoint Honda CPI trim CPI trim on both sides of the spectrum median CPI median 10 point CPI trim 10% the bank of Canada interest rate. [00:05:05] Speaker A: So money markets actually. [00:05:13] Speaker B: Yeah that's right. So close to 15% chance actually after the data. You're right. You're right. [00:05:23] Speaker A: So close to 15% chance of a rate cut. So inflation inflation excluding energy prices at 2.7% Amrika headline inflation number 2.7% gas the food prices exclude core inflation number or 2.9% so the core inflation the headline inflation Headline inflation Number. [00:06:02] Speaker B: Inflation Contribute e.g. durable goods Overall dough points used June. [00:06:44] Speaker A: Furniture 10.10 the clothing footwear I think almost bank of Canada the interest rate decision because this was the last major data set to be released By Statcan Before 30 July Announced job number. [00:07:15] Speaker B: Surprise Canadian economy. [00:08:01] Speaker A: Interest rate so bank of Canada monetary policy inflation as it is excluding energy inflation CPI index. [00:08:57] Speaker B: There is a significant number of individuals early 2021 mortgage renewal significant number. [00:09:32] Speaker A: Yeah so British Columbians. British Columbians British Columbians as it is. [00:10:14] Speaker B: Yeah so it's environment Kinloka at least virtual meeting Canadian products 35% tariff hopefully best case scenario. So Ajodi Sandar Devichika meeting Markarney of NI Cabinet yeah so meeting Shuru Ho. [00:11:19] Speaker A: Chukiya meetings Jan Topelna Markarney premiers so by July no first Minister's meeting national. [00:11:52] Speaker B: Average the cost of living British Columbians properties the values mortgage load Jada so Ethna Jada inflation number one of the main contributing factors June the inflation numbers auto manufacturers already I was talking to somebody yesterday who is actively looking for a vehicle 0% financing and the negotiation so maybe electric or gasoline now that's the big. That's the biggest question especially space valley utility valley you save money 55,000, 64,000 could that. Could that be the Deal, you know, the deal maker. [00:13:32] Speaker A: Yeah, but I think Canadian made EVs so that still remains to be seen. [00:13:51] Speaker B: By the way, speaking of Tesla India Model Y launch just under 60 lakhs, correct. About 67, 68 lakhs. More than 100,000 Canadian dollars. Logistical costs Model Y JDK Tesla the best selling vehicle in the world. It was the best selling vehicle anyway Overall. [00:14:58] Speaker A: Businessman Donald Trump is a tool for Elon Musk. [00:15:16] Speaker B: Please talk about city taxes also yeah Taxis the city taxi compare Pichle sales. Yeah at the beginning of the year income tax Winter season the holiday season. Yeah Is basically zero. [00:16:27] Speaker A: Bank of Canada the face saving race. [00:16:42] Speaker B: Liberal Party the campaign the co director. [00:16:54] Speaker A: Catalyze 4 catalyze. [00:16:55] Speaker B: 4 films they catalyze I think Paul Martin Senior advisor Press conference Conservative Party the leader. [00:17:45] Speaker A: That'S unlikely. [00:17:47] Speaker B: Yeah Elbows up so yeah elbows up or head down. Do you believe Canada should stand firm on supply management Canadians yes, of course is idea that is Quebec 59% Quebec there is an increasing sentiment yeah yeah Military equipment It is strongly or moderately support Karnali 80% neighbor 54% Canadian market US banks know Canadian market critical minerals chart percent can they Hargisni so overall public sentiment Negotiating team qualified he's going to back off. [00:20:09] Speaker A: A lot depends on how the question is framed. [00:20:13] Speaker B: So. [00:20:20] Speaker A: A lot depends on how the question is framed. [00:20:22] Speaker B: Yeah. [00:20:27] Speaker A: Cabinet meeting concessions. [00:21:03] Speaker B: Liberal Party they campaign Co director Freeland Finance Minister the chief of staff Liberal Party the campaign the national directoracy Jeremy Broadhurst. [00:21:37] Speaker A: The chief of staff. [00:21:44] Speaker B: Conservative Party Corporate lobbyists. [00:22:02] Speaker A: Sabka. [00:22:03] Speaker B: Conservative Salakar Kuji Conservatives Conservative Party Sadi company David Sadi consulting firm Conservatives. [00:22:24] Speaker A: Strategic firms yeah so Markarney campaign catalyzed chemistry that catalyst reaction economy so catalyze Karangay change no so catalyze campaign Sari design Kiti Direct Kiti Co Direct Kiti Andrew Babani Private sector Liberal Party. [00:24:00] Speaker B: Political level Private sector. [00:24:06] Speaker A: Private company Would you want to engage with the private firm Prime Minister the campaign the co director can they manage Principal secretary join Kita Michael Mark Andre Blanchard in a team David Chamber administration like a Christmas duck administration he could still be legally allowed. [00:25:56] Speaker B: So. [00:25:56] Speaker A: Personally as you mentioned but yeah. [00:26:12] Speaker B: Over the weekend social media personal assets KD company OS company the value influence Kar Sagna Pakala Kitisi Bandh J Sarkari Path. [00:27:12] Speaker A: Personal real estate company. [00:27:30] Speaker B: Stock options Over the course of the years J company the growth targets Najo achieve stock options on an award Honey company As of today the value is zero Then all. [00:27:54] Speaker A: The more important gives company grow Kara. [00:28:00] Speaker B: Materialize Conflicted conflict of interest one of the Chief of staff and because you know you have all the incentive. [00:28:42] Speaker A: But does this mean. [00:29:00] Speaker B: Nigel rightly private sector transition as in Chief of staff Legacy Parliamentary committee the hearing charter he see the Nigel write their personal assets Chief of Staff private sector a conflict of interest Ethics screen third party assets defend Kitasi private sector. [00:29:52] Speaker A: Can you see legislation Ethics screen conflict of interest Amazon Apple Conflict of interest which is not entirely true. [00:30:49] Speaker B: Speaking of that society which integrate Bandian services. [00:31:42] Speaker A: We need to go further that's a taken that's a given so peer polymer so it's a slightly newer stance even for Pierre Poliev. [00:32:43] Speaker B: And let's not forget we need more people leaving than coming Many will have to leave Social media Ki Aadar Hosagda. [00:33:47] Speaker A: Cause and effect relationship Boss Arnia Jobs immigrants Kardeni Entry level jobs so it's a very complex discussion. [00:34:11] Speaker B: Number inflation numbers Entry level jobs which own a service jobs which customer facing jobs Inflation standard of living Vienna. [00:34:49] Speaker A: Disparity. [00:34:56] Speaker B: Standard of living of course JD in many cases Banda Ford Nikarpanda. [00:35:36] Speaker A: We are unable to catch up immigration policy at least for the next couple of years Basic standard of living. [00:36:09] Speaker B: So. [00:36:19] Speaker A: Temporary residency last year so sir car already population growth 0% colleges immigrants international. [00:36:53] Speaker B: Students Thus has our academic staff Ontario Ontario. [00:37:00] Speaker A: Educational institutes. [00:37:04] Speaker B: Exactly. [00:37:16] Speaker A: Educational institutions International students yes that's also one facet of this discussion. [00:37:30] Speaker B: As of today immigration should be lowered yes the housing should be affordable and it is impacted with flow of dirty money generated by these LMIA sales Canada Canadian born kids want to work irrespective of kind of work but international students have taken up those jobs and many of them are also being exploited so international students. [00:38:34] Speaker A: Correct excess labor because of high levels of immigration level. [00:38:54] Speaker B: Job we understand open line segments Permanent resident the citizen application Basically labor standards Public safety Minister House of Commons Canada Border Services Agency Immigration Permanent Residency DRG approved. [00:40:17] Speaker A: Civil rights group Designated terrorist entity Liberation Tigers of Tamil Elum so LTT in Canada terrorist group Manta so 90s UK immigration refugee status claim low level the involvement the UK members refugee status claims early 2000s LTTVA members refugee status claim. [00:41:15] Speaker B: That was LTTE so India support. [00:41:43] Speaker A: Immigration Refugee immigration Public safety Minister consider Kita can they see family reunification national security the public safety bigger concerns Public safety Minister Cabinet Mantri not for public safety Crown Indigenous Relations the Minister Cabinet Mantri Band Cabinet Mantri full fledged Justice Minister the Parliamentary Secretary son so he was a Parliamentary Secretary when he wrote this letter but he was not a member of the Cabinet so Cabinet. [00:44:24] Speaker B: Low. [00:44:24] Speaker A: Level the involvement. [00:44:46] Speaker B: Member of Parliament it. [00:45:13] Speaker A: Could go that way too. [00:45:25] Speaker B: Public safety Canada front organization Public safety Minister LTTE. [00:45:56] Speaker A: Conflict of interest the screens Public safety Minister. [00:46:08] Speaker B: So and let's not forget west coast Sri Lankan community related issue Eastern Canada which. [00:46:35] Speaker A: CBSA the president national security the public safety. [00:47:11] Speaker B: Minister yeah so yeah it's complicated it is very complicated and concerning too at a certain level it is right so cello at least. [00:47:27] Speaker A: Conflict of interest Public safety Minister LTT transparency public domain which Ajandiya I'm sure public domains on the any Honia but I. [00:47:53] Speaker B: Think honey Canadians navy how well has it served the fabric of the country so public appetite public appetite Liberal Party Liberal Party. [00:48:52] Speaker A: Political spectrum right while shift hoisan thereby leaving a vacuum on the left yes it was such a big opportunity for the NDP left. [00:49:12] Speaker B: Correct. [00:49:24] Speaker A: There was an opportunity they were running a risk official party status. [00:50:02] Speaker B: They send Carney. [00:50:03] Speaker A: Which took everybody by surprise so NDP Liberals. [00:50:12] Speaker B: Thank you very much.