No deal between Canada and US, Conservative continue to lead liberals in fundraising, Canadian energy companies prefer US despite government assurance.

August 01, 2025 01:03:30
No deal between Canada and US, Conservative continue to lead liberals in  fundraising, Canadian energy companies prefer US despite government assurance.
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No deal between Canada and US, Conservative continue to lead liberals in fundraising, Canadian energy companies prefer US despite government assurance.

Aug 01 2025 | 01:03:30

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Show Notes

In today’s News Takeaway, Vijay Saini and Vasu Kumar unpack the latest political and economic developments:
– The much-anticipated trade agreement between Canada and the U.S. is off the table—what went wrong?
– Conservatives continue to dominate Liberal fundraising efforts, signaling growing grassroots momentum.
– Despite Ottawa’s reassurances, Canadian energy giants are increasingly choosing to invest across the border in the U.S.—what's driving this trend?

Stay informed on what’s shaping Canada’s future—tune in now!

View Full Transcript

Episode Transcript

[00:00:01] Speaker A: And now news takeaway. [00:00:20] Speaker B: News takeaway segment. [00:00:30] Speaker A: Good morning Good morning. [00:00:52] Speaker B: Raccoon yeah Donald Trump the truth Social Ti post which extension increased enhanced tariffs. [00:01:30] Speaker A: Getting to know each other better. [00:01:37] Speaker B: Digital service tax Canada illicit drugs deadly drugs illegal migrants Illegal migrants He's small but minuscule percentage. [00:02:20] Speaker A: Canada yeah so Canada yes so a reciprocal tariffs so tariffs March compliant products so instead of JD Products USMCA that they had free trade agreement that they had covered Donald Trump Claudia Shane bomb Donald Trump he has called. [00:03:32] Speaker B: They'Ve been poorly led Canada the leadership. [00:03:42] Speaker A: Can the military. [00:03:50] Speaker B: Effective immediately. [00:03:59] Speaker A: Parallel. [00:04:02] Speaker B: USMCA Canada safety net estimates. [00:05:37] Speaker A: Bangladesh the tariff V percent South Asia Taliban led Afghanistan so a reciprocal tariffs Canada Mexico reciprocal tariffs industry specific tariffs Steel aluminum tariff copper Ali tariff automobile sector tariffs. [00:06:46] Speaker B: Reasons 35% fentanyl tariff or Canada. [00:07:13] Speaker C: Right. [00:07:25] Speaker B: Reciprocal tariffs National security system Strategic sectors. [00:08:24] Speaker A: In their judgment. [00:08:45] Speaker C: Steel. [00:08:45] Speaker B: Aluminum, lumber duties overall copper exports to the Usuri Canada the copper sector Automobiles yes. [00:09:24] Speaker A: Plus overall. [00:09:32] Speaker B: Amrika the stock market. [00:09:51] Speaker A: Donald Trump American consumer. [00:10:01] Speaker B: Correct. [00:10:15] Speaker A: How does that help. [00:10:25] Speaker C: Correct. [00:10:35] Speaker A: Even agriculture. [00:10:36] Speaker C: Sector. [00:10:58] Speaker B: Industrial mindset industry human capital Apple they plants iPhones. [00:11:48] Speaker A: When we were growing up in India that's different. Yeah Dr. Engineer Tech sector soft power services. [00:13:03] Speaker B: Yes. [00:13:09] Speaker A: So engineer education. [00:13:15] Speaker C: System. [00:13:20] Speaker A: Takes years it. [00:13:21] Speaker B: Takes decades so Trump Trump it does not make any sense Fentanyl. [00:13:41] Speaker A: He'S getting to know Christia fraud better. [00:13:56] Speaker B: Palestine United Nations General Assembly. [00:14:22] Speaker A: Not a deal breaker Not a deal breaker because of this reason Mexico we recognize Karthikar. [00:15:12] Speaker B: Recent Habrand one of the domestic politics. [00:15:25] Speaker A: We definitely France we are most European of non European nations so you don't know. [00:15:58] Speaker B: School of thought Canadian strategy tariffs 35% Overall average tariffs across all the Canadian goods 35% Aslitas Masayoni USMCA renegotiate Honaga per problem Heggy affair Steel, aluminum auto sector Copper lumber sector. [00:16:56] Speaker C: Yeah. [00:16:59] Speaker A: Don'T roll over Steel aluminum tariffs automobile sectoral tariffs Fentanyl tariffs negotiate we are seeing steel, aluminum, automobile Correct Section 232 Tariffs Top 100 Most Influencers. [00:18:31] Speaker B: Donald Trump Time magazine Is it still around? Do people still read it Anyways. [00:18:49] Speaker A: KG Mark Carney no he Prime Minister does it even matter? Nobody knows Executive order We don't know if that's the case. That very well might be the case. But then is the honeymoon period over now? [00:19:44] Speaker C: Yeah. [00:19:49] Speaker B: Definitely the timing of it Canada US Trade Relations Intergovernmental Relations affairs the Minister Dominic LeBlanc Chief of Staff negotiating team he is also going to stay. [00:20:28] Speaker C: There. [00:20:32] Speaker A: The chief negotiator Ambassador Kirsten Hillman. [00:20:37] Speaker B: Canadian Business alliance. [00:21:00] Speaker A: That'S Our last experience negotiating with Donald Trump Right Trade agreement Donald Trump. [00:21:20] Speaker C: So. [00:21:37] Speaker B: Joe Ambrikanu Chaida message pay Jan Valeni Rupindar Singh Gill can they be Paji Good morning Art Swale politician Conservative Party Conservative Party fundraising quarter after quarter Conservative parties Conservative between the Conservatives and the Liberals in fact Conservative Party the leader Liberal Party the Conservative Party the fundraising numbers I saw that post. That should be a good one. [00:23:55] Speaker C: Yeah. [00:24:15] Speaker A: Performance. [00:24:18] Speaker B: Second quarter day fundraising the numbers Elections Canada Federal Liberal Party second quarter donations in all still Liberal Party Conservatives second quarter fundraise so which is significant Liberal Party the fundraising efforts. [00:25:01] Speaker A: Conservative Party the leader fundraising the gap Conservatives Conservatives January February March election Liberal Party the leadership most likely they will call an early election so fundraising efforts overdrive. [00:25:56] Speaker C: Mark. [00:26:03] Speaker A: Conservative Party yes so less than. [00:26:14] Speaker C: Half. [00:26:27] Speaker B: Candidates leadership level so j first quarter Liberals the fundraising Conservative at high million dollars so that is quite telling. Of course Conservative the second quarter which we again Conservatives fundraising Liberals so every. [00:27:05] Speaker A: Almost. [00:27:07] Speaker B: That is so Conservatives fundraising but Liberals the momentum. [00:27:14] Speaker A: The Liberals number of donors yes Conservatives. [00:27:27] Speaker B: Small amounts Small amounts. [00:27:28] Speaker A: Very small amounts so second quarter Liberals. [00:27:33] Speaker C: Know. [00:27:35] Speaker A: Donations are total cut amount donate Kita Conservative Party the trustees are donors total fundraising A number corporations. [00:28:05] Speaker B: Liberal Party number of supporters and number of donors October November December sorry so that is. [00:28:45] Speaker A: 34,000 the conservatives know last quarter Liberal Party. [00:29:13] Speaker B: They block you back. You're right. Sorry. [00:29:20] Speaker C: Sorry. [00:29:29] Speaker B: Is not the right word. Vasudi Sade Subedivich drug overdose Ali Mamle Safer supply in principle Tarke pharmaceutically prescribed alternatives Melan at least federal funding See Federal Sarkarna Kati projects programs the federal funding one year extension one year extension. [00:31:53] Speaker A: So March 2020. [00:31:58] Speaker C: Their hand. [00:32:12] Speaker A: And as you mentioned Vancouver Coastal Health programs Vancouver Island Island Health Authority Fraser Health Interior program so though Vancouver Coastal Health basically Hydromorphone. [00:33:11] Speaker B: BCD Ministry of Health presentation. [00:33:57] Speaker C: So. [00:33:57] Speaker A: Sir Karna recently is programmed witness program witnessed supply model pharmacist healthcare professional. [00:34:19] Speaker B: Pharmacies delivery you have to consume it in front of me so Jara witness program. [00:34:54] Speaker A: Jaran Resources Lagaijari total Malam Luke Panchakasar Loki supply Lareniyani we are pharmacy to Jakob Opioid alternatives. [00:35:32] Speaker B: Overdose prevention sites Overdose prevention Overdose prevention Overall drug enforcement Police officer frustrate. [00:37:01] Speaker A: Anything goes Victoria Police Department the chief Del Mana Kanji Victoria Supervised consumption site super professionals Supervised consumption sites Vancouver Island Health Authority Known cocaine dealer though undercover police officers supervised consumption Office center staff member yes he was turning a blind eye to this cocaine dealer. [00:38:30] Speaker B: Overdose prevention site Direct correlation Unprovoked violence the frustration interest group so lichamangu chamber they are sucking the blood out of the system. [00:40:21] Speaker A: Cultural dance. [00:40:30] Speaker B: Inclusivity. [00:40:34] Speaker A: Dollar system it needs to be addressed. [00:40:54] Speaker B: Special interest groups funding positive impact. [00:41:20] Speaker A: Yeah, so true. [00:41:21] Speaker B: Yes so incentive organizations so called. [00:41:32] Speaker A: Exactly. [00:41:37] Speaker B: It's a writing on the wall organizations vulnerable business organization Unbelievable. Unbelievable decision. It's a political decision. There has to be a better way. [00:42:51] Speaker A: Hydromorphone. [00:42:52] Speaker B: Yeah, hydromorphone. There has to be another way. Overdose deaths across North America jurisdictions. [00:43:23] Speaker C: Correct. You're right. [00:43:33] Speaker B: You're absolutely right. Befikraj nahongigala changigala kimariga lahida farka I think bay parvah tika la parva changi. [00:44:01] Speaker A: Garnaya la fikra. [00:44:06] Speaker B: Fikarana hoge. [00:44:10] Speaker A: Which is the atmariya. [00:44:36] Speaker B: TC Energy Canada the company energy related infrastructure Energy resources Building Canada. [00:44:57] Speaker C: Act. [00:45:01] Speaker A: 1 Canadian economy 1 Canadian economy. [00:45:04] Speaker B: Building yes yes so indigenous leadership summary. [00:45:10] Speaker C: I. [00:45:23] Speaker B: Infrastructure projects the economy was the both important businesses private investors new company is a nation building the project the energy company tc energy. [00:46:06] Speaker A: Yeah so tc energy the CEO Francois earnings call. [00:46:16] Speaker B: So. [00:46:17] Speaker A: Can they build C5 very nice federal government buddy sincere sense of urgency Very. [00:46:24] Speaker B: Nice. [00:46:30] Speaker A: Canada largest supplier Banjayaga LNG to Asia Very nice billion dollar Salamna can they add Hojaiga Very nice opportunities Canada regulation policy environmental impact assessment they also support energy now clean energy and conventional energy world leader super power environmental groups were no the indigenous groups were known. [00:47:54] Speaker B: Canadian oil and gas company Tour Melee long term gas supply the agreement Germany based energy company so Canadian Gas Germany DS company US Gulf Coast November we saw natural gas US Gulf Coast 10% terrify European Union so energy Europe Germany Canadian energy Canadian company agreement. [00:49:15] Speaker A: Exactly. [00:49:20] Speaker C: They. [00:49:20] Speaker A: Even did your pipelines Natural gas pipelines Canadian company. [00:49:33] Speaker C: So. [00:49:38] Speaker A: Export terminal focus Alberta premier Daniel Smith private company company maybe this is the reason yeah so TC Energy which AJV investment was the high risk environment Donald Trump Barbara. [00:50:42] Speaker B: Those are. [00:50:42] Speaker A: The timeline approval plus AI data centers investment point electricity consumption. [00:51:00] Speaker B: By extension natural gas thick stable demand. [00:51:10] Speaker A: Can they be jistra North America demand it's Charlie billion cubic feet per day Billion cubic feet per day by 2035. [00:51:25] Speaker B: Percentage points that's almost 11 points more than 11 more than 11 percentage points the demand. [00:51:36] Speaker A: Natural gas it's a fuel of the past data centers vast natural gas Balrain electricity vaste they fear LNG fuel of past One can debate the only superpower natural gas Natural gas is fuel of the. [00:52:20] Speaker C: Past. [00:52:31] Speaker B: And let's also not forget it is not just about the industry standard of living Charlie billion dollar the largest private sector investment in Canadian capacity. Of course. Private sector investors. [00:53:26] Speaker A: Terminal. [00:53:27] Speaker B: The capacity Double LNG Explore Karandaji rights. First Nations LNG Canada plant lng. They explore Karande Extract. Current permits. [00:53:57] Speaker C: Yes. [00:54:03] Speaker A: Export terminals. Liquefied natural gas. Clean energy. [00:54:23] Speaker B: Can you call for. Call for power? Political storm. Sorry. Sightsee Dam Bangya. [00:54:41] Speaker C: Yes. [00:54:41] Speaker B: J side C Dam. And this year including maybe we are on track. Electrification. [00:55:10] Speaker C: Yeah. [00:55:11] Speaker A: So Hondinya calls for power issue. So that's the reality. [00:56:20] Speaker B: Real estate innovation. Patent register. Mallovikoi company. [00:56:37] Speaker A: Pen. [00:56:44] Speaker B: Overproduction. [00:56:45] Speaker C: Hoagie. [00:56:51] Speaker B: Real estate. Bangikar Banga. Yes. [00:57:08] Speaker A: Technology Nico develop. It's just that K Open. Kridanali Pena Chargaksan Katusi Immigration. Denali Sathu. [00:57:36] Speaker B: Which major public sector Sarkari Project Development. Private sector investment. [00:58:01] Speaker A: Infrastructure. [00:58:02] Speaker B: Infrastructure. [00:58:50] Speaker C: Exactly. [00:58:53] Speaker A: Thank you very much. [00:58:56] Speaker B: Long weekend? [00:59:04] Speaker C: Oh yeah. [00:59:04] Speaker A: Long weekend. [00:59:05] Speaker B: Have a nice long weekend. Which should be called the city day. Long weekend. The city day. [01:00:34] Speaker A: In all seriousness, Canada, British Columbia. That's the reality. It's beautiful. British Columbia. Atlantic Canada. Ontario, which their Alberta, Saskatchewan, Prairies, Mainland. So we should be grateful for that. [01:01:24] Speaker B: Yes, absolutely. [01:01:56] Speaker A: This is the country of our choosing. We should not take it for granted. [01:03:05] Speaker C: Right. [01:03:10] Speaker B: June at the end. So Escarque March. I think Zada qualify. Kara. Thank you very much. [01:03:26] Speaker A: Thank you. Have a very nice long week. [01:03:28] Speaker B: You too. You do a city. Happy BC Day.

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