March inflation record at 2.6%, Healthcare not a topic in leaders debate, Trump indicates a pause on auto tariffs.

April 15, 2025 00:45:54
March inflation record at 2.6%, Healthcare not a topic in leaders debate, Trump indicates a pause on auto tariffs.
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March inflation record at 2.6%, Healthcare not a topic in leaders debate, Trump indicates a pause on auto tariffs.

Apr 15 2025 | 00:45:54

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Show Notes

In today’s News Takeaway, Vijay Saini and Vasu Kumar break down the latest economic and political headlines shaping Canada and global affairs. March inflation hits 2.6%, raising concerns for Canadian households and the Bank of Canada. Surprisingly, healthcare was absent from the leaders' debate – is it being sidelined this election? Meanwhile, Trump signals a potential pause on auto tariffs, offering temporary relief to global carmakers.

Catch all the analysis and context in this crisp morning roundup.

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Episode Transcript

[00:00:02] Speaker A: And now News Takeaway. [00:00:10] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay. [00:00:18] Speaker A: Good morning. Connect Null Connect. [00:00:30] Speaker B: I guarantee you, okay I don't lifelines I am a very flexible person. I don't change my mind, but I am very flexible. [00:00:58] Speaker A: Flexible person. I don't change my mind, but I'm very flexible. And you have to be. You can't just have a wall. I don't want to hurt anybody. You can't just have a wall. [00:01:08] Speaker B: A wall. Donald Trump. [00:01:25] Speaker A: Flexible. [00:01:33] Speaker B: He's in good health. Center phone My tariffs are not working. Call center attendant have you tried turning them off and on again? Bank of Canada Statistics Canada bank of Canada interest rate the decision March 10% estimate year over year estimate in fact month over month estimate. [00:02:38] Speaker A: Yeah. So GST break lagusi March GST breakthrough. [00:03:21] Speaker B: Overall activity expected. [00:03:32] Speaker A: 3.2% year over year Alcoholic beverages overall headline inflation number overall crude prices Correct. [00:03:49] Speaker B: So gasoline which year over year inflation 2.5% rather than 2.3% so overall inflation overall inflation. [00:04:22] Speaker A: And they are right in sync with the US travel Canadians a. [00:04:31] Speaker B: Family member of mine US travel Karnasi on an eastern US vs Vancouver to Canada Bellingham to Seattle the comparison Vancouver to America Air transportation the overall percent tours and travels year over year Char Point cell phone services Cell phone services. [00:05:12] Speaker A: The overall Vijay in our numbers the impact key interest rate announcement so interest rate announcement bank of Canada inflation numbers rate cut interest rate which 0.25% chances. [00:05:37] Speaker B: That was before the inflation data 40.8%. [00:05:52] Speaker A: So on 5050 chance 49.9% to be exact bank of Canada interest rate 0.25%. [00:06:05] Speaker B: 50.1% no change bank of Canada coming into the new year backward looking data but Trump to see projection it's become very difficult. [00:06:48] Speaker A: Yeah bank of Canada they've been shooting in the dark unprecedented situation restrictions supply chain projections bank of Canada even US Federal Reserve Central bank projections modeling virus election Chaldana election camp. [00:07:53] Speaker B: Later this week gas price the observers the analysts gas prices which in the next 24 to 48 hours a few cents. [00:08:26] Speaker A: Long. [00:08:30] Speaker B: So there is a possibility. [00:08:39] Speaker A: Per liter. [00:08:46] Speaker B: So yeah if you need to fill up then do fill up. [00:08:59] Speaker A: Bank of Canada Federal Finance Minister Francois Philippe Champagne. [00:09:12] Speaker B: Yes. [00:09:15] Speaker A: Businesses Canadian businesses Canadian manufacturing, processing food and beverage packaging owner businesses. [00:09:52] Speaker B: Counter tariffs Canada basically translation. [00:10:10] Speaker A: Of course. [00:11:11] Speaker B: Automatically financial situation. [00:12:03] Speaker A: Although John legislators they should be compensated better Average salaries, similar sectors. [00:12:39] Speaker B: Prime earning years then it's a very big disincentive. [00:12:55] Speaker A: Sort of conservative MLA by and large additional portfolio extra position Minister of State Parliamentary secretary caucus Job Cabinet additional responsibility extra compensation so even BC Greens they don't know MLAs are extra mild. [00:14:01] Speaker B: On top of their base salary Conservative Party There is a very strong possibility House leader and that's usually per hour generally speaking and that is per year and that is annual income Look, I am a very flexible person. I don't change my mind but I am flexible don't change my mind and you have to be. You can't just have a wall I don't want to hurt anybody. So USMCA compliant Gadiya Jina de which JD Component Non American Non American components China auto manufacturers. [00:16:43] Speaker A: I'm looking at something to help some of the car companies. [00:16:46] Speaker B: With it Canadian Mexican parts Non USMCA compliant auto parts Non USMCA compliant parts Tariff announced manufacturer. [00:17:19] Speaker A: I'm looking at something to help some of the car companies with it they need a little bit of time because they are going to make them here so I'm talking about things like that I don't change my mind but I'm flexible Interesting over the weekend Donald Trump electronics Chinese electronics. [00:18:05] Speaker B: We'Ll. [00:18:05] Speaker A: Be very specific so White House can there be Department of Commerce Donald Trump investigation semiconductors the pharmaceuticals section 232 the under HE investigation national security steel, aluminum even automotive tariffs So a section 232 semiconductors, pharmaceuticals interestingly Department of Commerce. [00:18:51] Speaker B: Electronic super China so help. [00:19:17] Speaker A: Yeah in fact Ukraine war It's Biden's war not mine. [00:19:56] Speaker B: 40% of their global sales are in the US major market ICO market so 90% of all vehicles sold in the US. [00:20:30] Speaker A: Domestic production CRV model it's not accurate. [00:21:09] Speaker B: This is not accurate at all North American news outlets Doug Ford Ontario Automobile. [00:21:30] Speaker A: Sector. [00:21:36] Speaker B: Certainly 4pM Knowledge exchange knowledge exchange based on individual party comfortable majority territory Conservative Party they call super majority Conservative Party Stephen Harper Communications Director Successful campaigns in Ontario Conservative Party name peer poly of the party yeah that was the word that he had used Ontario the premier Doug Ford yeah so Doug Ford. [00:25:01] Speaker A: Successful campaigns campaign director so Kori Tanyaki Bariha he's the best campaign manager so Doug Ford to be Frank J. Corey Federal Conservatives the campaign lead Kara if Corey was running the campaign I don't think Mr. Pollyv would be in the position he is in right now but there's still lot of time left Can I do time both here we still have debates debates at the end of the day people will decide which way we want this country to move forward but sometimes the truth hurts. [00:26:33] Speaker B: And especially French language especially debates it will be the third it'll be the third debate. [00:27:22] Speaker A: 2019. [00:27:26] Speaker B: Green debate Saligal Karili Sure Kyoke debate Hondi Kalnu Honiyati persono Honiya Kal debate Honiya Sade Samatabak Shami French language. [00:27:38] Speaker A: French English Ali debate hair oh multiple. [00:27:50] Speaker B: Times debate Commissioner rules Parliament represent Khadah Party join Kargi representation Liberal Conservative NDP Green Party of Canada People's Party of Canada Green Party they MP House of Commons. [00:29:17] Speaker A: Debates yeah so leaders debates Commission can they be condition number one and three House of Commons so eight debates Commission the Kanasi can they see Joe Nirdat Karna Sekinuk can they OC Election day to Stydin Pela Karnasi Faisla can they see invitations page Elections Canada the website Green party that's about 68% 68% of bandani. [00:30:30] Speaker B: And especially Tide in Pella at the end of March beginning of April a Green Party. [00:30:41] Speaker A: Green Party Jonathan Padnol Green part Elizabeth Mehranal opposition alone Green Party the leader they can justify Karangay explain Karangay Green Party the co leader invitation page Jonathan Padnot People's Party of Canada leader Maxim Bernie rules conditions exclude Nakaru. [00:32:01] Speaker B: Would it be Elizabeth Meyer Jonathan it would be Jonathan yes so the only leader on the debate stage leaders debate that is Jagmeet Singh make or break official party status dental care plan. [00:33:05] Speaker A: Nursing shortages even debates the topics issue Canadians healthcare affordability and cost of living energy and climate environment energy and climate topic leading in a crisis leadership skill first of all public safety and security tariffs and threat to Canada Donald Trump so French debate cost of living energy and climate fit trade war identity and sovereignty French identity immigration and foreign affairs. [00:34:31] Speaker B: So health care health care otherwise provincial jurisdiction health care the Canada Health Act Canada Health transfer so federal leaders healthcare. [00:34:59] Speaker A: Primarily provincial subject and look what happened. [00:35:14] Speaker B: Hospital the emergency rooms jurisdictional health care doctor hire currently nurses hire currently health authorities cannot be passed along. [00:35:48] Speaker A: He. [00:35:48] Speaker B: Said that that health care is one of the prime issues prime concerns of Canadians. [00:36:04] Speaker A: Healthcare is actually at number two cost of living so tariffs cost of living health care U.S. relations tariffs housing overall economy so eight top issues do you think housing crisis. [00:36:29] Speaker B: Cost of living affordability that's why I want to set the record straight. [00:37:12] Speaker A: That'S why. [00:37:31] Speaker B: Brookfield Asset Management Co. Mark Carney until January 1 Canada election Liberal Party the leader Conservative pipelines Brazil yeah yeah that was very that's very recent here, right? Liberal Virodian Conservatives Brookfield Asset Management JD Co. Lead Khadi Support Karani pipelines Banjan Energy projects companies registered so Conservatives especially Brookfield Asset Management Conservative Parliamentary Secretary. [00:39:16] Speaker A: Opposition critics Critical roles Deputy leader Melissa Landsman. [00:39:20] Speaker B: Melissa Landsman Investments Personal investments Brookfield Asset Management. [00:39:37] Speaker A: Yeah so Melissa Landsman Brookfield Renewable Partners LP Energy focused company which is operated by Brookfield Asset Management Incorporated so. [00:39:49] Speaker B: Ekta Renewable oil and gas Renewable energy company registered a tax haven. [00:40:01] Speaker A: Corporate capital gains taxes Brookfield Corporation which holds a controlling stake in Brookfield Asset Management. [00:40:28] Speaker B: They. [00:40:29] Speaker A: Call Brookfield Renewable Partners L.P. brookfield Fund for infrastructure investments and that fund is. [00:40:44] Speaker B: Also based in Bermuda Brookfield Asset Management Rental buildings so rental model Brookfield Asset Management practices Business practices Nishana Banaki Conservative members Brookfield Asset Management the business model to and NE Prabhavatna Bandai Investment Gardani Exactly. [00:41:35] Speaker A: Requirement requirement Naya instead of Inahunda investment equity asset. [00:41:49] Speaker B: Value of the stock for the optics and the principle to see publicly politically JD Company Attacker to see personal level which investment. [00:42:16] Speaker A: Profit maximization the tax avoidance is not equal to tax Tax theft tax evasion tax evas tax avoidance. [00:43:17] Speaker B: JDV Koi Party. [00:43:43] Speaker A: Board chair of Brookfield Asset Management. [00:43:50] Speaker B: And he's answerable. [00:43:50] Speaker A: To the shareholder ethics code of conduct Politicians politicians ethics code of conduct Ethics Commissioner but then. [00:44:40] Speaker B: Conservative Party the leader Pierre Polievne Election campaign leader America Foreign Agent Registry so political timing, political suitability. [00:45:38] Speaker A: Donald Trump does it even matter? Because I don't think it matters because. [00:45:45] Speaker B: He'S a very flexible He's a very. [00:45:46] Speaker A: Flexible man he will bend backwards Padani Karona. [00:45:54] Speaker B: Thank you.

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