Episode Transcript
[00:00:02] Speaker A: And now News Takeaway.
[00:00:14] Speaker B: Connect FM 91.5 News Takeaway segment.
[00:00:20] Speaker A: Good morning Vijayji Good morning Connect Null Connect Good morning. Welcome back.
[00:00:26] Speaker B: Oh, thank you.
Good to be back.
[00:00:30] Speaker A: Yeah, it's very good to have you back.
[00:00:39] Speaker B: Exactly.
Immune system program thank you very much.
Within a matter of two hours so it's not easy so really thank you very much.
[00:02:04] Speaker A: A lot of prep goes into it.
[00:02:21] Speaker B: It's almost like yeah but then in between that's not easy so Mehrabani thank you Jaspreet KR Rahul is there Hardik Pandya is there so Stubada Jared is.
[00:03:00] Speaker A: There.
[00:03:03] Speaker B: 40 or 44 deliveries anyway Donald Trump Canadian authorities in the billion Allah investment Allah examples Fentanyl he is up to Hoya Canada Canadian energy critical minerals this is the first round of tariffs.
[00:05:02] Speaker A: Yeah so Donald Trump actually White House press conference so TSMC Ali IHOIC Taiwan Ali Taiwan Semiconductor Manufacturer Manufacturing Company saw billion dollar investment announced.
[00:05:23] Speaker B: In the US semiconductor chips.
[00:05:31] Speaker A: Yeah so very importantly tomorrow tariffs 25% on Canada and 25% on Mexico and that will start so they are going to have to have a tariff they are all set they go into effect Tomorrow Automobile Manufacturing Co.
Canada Then there will be no tariffs we.
[00:06:11] Speaker B: Can take social media take post from a credible source Reciprocal tariffs on Otoba do Canada $30 billion of US goods billion sorry $125 billion American goods Canada will know with $30 billion dollar US goods $125 billion.
[00:08:20] Speaker A: Second phase American goods export restrictions so that would be phase.
[00:08:40] Speaker B: Three New York, Minnesota, Michigan from Ontario Ontario revenue multi billion dollar export tax producer basically Canadian producer export taxes Alberta Premier Daniel Smith.
[00:10:01] Speaker A: Right Yeah so but that is still some time away American consumers American consumer no Canada so medium to long term Canadian manufacturers Canadian exporters Canadian exporters Canadian exporters they do not get affected and as it is manufactured they're just trading companies so they do not get affected by these tariffs most of the products so.
[00:12:23] Speaker B: Any place other than China by the way China extra tariff so China mostly items.
[00:12:42] Speaker A: So on top of that, on top of that DAs percent.
[00:12:51] Speaker B: Over and above existing tariffs Agricultural products especially Canadian manufacturers American buyers it's just going to be a matter of days study Canadian Chamber of Commerce on average about US$1,300 per American anywhere between 3,000 to $12,000 anti dumping duties review.
[00:14:31] Speaker A: Domestic lumber production so anti dumping tariffs.
[00:14:45] Speaker B: Visa sty tight administration the Koki Hobe speaking of that Ikohor Kayada observation Avia Donald Trump Donald Trump APNA Pride Garden Stock market Mary Stock market stock Market uncertainty Donald Trump treasury bills not trillion dollar T bills Fixed mortgage rates Fixed mortgage rates bond yields fixed mortgage rates treasury bills.
[00:16:33] Speaker A: So Donald Trump American manufacturers American engineering company Manufacturing production They should come back to America especially Canadian automobile industry.
Donald Trump.
Donald Trump or Fairbi tariffs. You know they're still happening. So what's the point? That's the question.
[00:17:51] Speaker B: Especially.
[00:18:07] Speaker A: Yeah, exactly. So basically Donald Trump so he was of the opinion. He is of the opinion.
France, Germany, Ukraine military aid.
[00:19:02] Speaker B: Joe Biden just before leaving office Multi billion.
[00:19:26] Speaker A: World Health Organization, UN sari, World bank we're not getting a fair deal effectively summit security Summit security guarantees.
[00:19:53] Speaker B: Strong backing these.
[00:19:56] Speaker A: Donald Trump especially not the best of statements to be made far less.
[00:20:41] Speaker B: But.
[00:20:42] Speaker A: Donald Trump in first place Donald Trump JD Vance name orchestrate Kita so Vijay but interesting Incoming leader Conservative leader Frederick Mertz. Frederick Mertz so una Nehegal KE can they be menu Lagdani spontaneously it was induced orchestrate Kitaga it was manulagyakandi induced setting banai.
[00:21:45] Speaker B: Economic concerns.
[00:21:51] Speaker A: Back to back sixes.
[00:21:59] Speaker B: 36 not out. Yeah.
Donald Trump administration established alliances.
It's very clear Friday meeting CEO over office when he said we've gone through a lot.
[00:23:08] Speaker A: Putin had to face Russia Russia hoax Russia Russia Russia hooks.
[00:23:29] Speaker B: Trump.
[00:23:29] Speaker A: Administration this too shall pass.
[00:23:31] Speaker B: Yes.
[00:23:48] Speaker A: Donald Trump.
[00:23:56] Speaker B: Until 20142015 the G7.
[00:24:05] Speaker A: Hosting Donald Trump so Donald Trump that could be the next step.
[00:24:40] Speaker B: Yes, you're absolutely correct.
What you do know that it's the win that matters.
[00:25:13] Speaker A: Yeah.
[00:25:18] Speaker B: So 42 so India, South Africa, New Zealand which second semi final with JDV team.
[00:25:51] Speaker A: I don't know.
[00:26:18] Speaker B: Major portion of the budget Subai budget Char billion dollar the deficit as of the last report next year the revenue trustee billion dollar.
[00:27:09] Speaker A: Yeah.
Projections per year $1.6 billion $2.5 billion per year revenue the overall chart billion dollar 69 billion over three years. Yes.
[00:27:53] Speaker B: Throughout his term and counter tariff Canada.
[00:27:59] Speaker A: So in light of all of this pre budget press conference fiscal situation or financial situation in light of Trump tariff.
[00:28:26] Speaker B: Threat.
[00:28:32] Speaker A: This budget will meet the moment.
So do not expect anything big out of this budget. Except the deficit Deficit would be big.
[00:28:43] Speaker B: Deficit Teaching assistants Teaching assistants. Yes, you're right again.
Because of the tariff threat overall revenue jobs counterbalance.
There is a possibility there will be.
[00:29:56] Speaker A: Coffee contingencies contingency fund it will be even more bloated.
[00:30:08] Speaker B: What is. What does he have to say?
[00:30:10] Speaker C: But your government has chosen to do this to you.
As of this morning, markets are down and inflation is set to rise dramatically all across your country.
Your government has chosen to put American jobs at risk at the thousands of workplaces that succeed because of of materials from Canada or because of consumers in Canada or both.
They've chosen to raise costs for American consumers on everyday essential items like groceries and gas. On major purchases like cars and homes and everything in between.
They've chosen to harm American national security, impeding access to the abundant critical minerals, energy, building materials and fertilizers that we have and that the United States needs to grow.
[00:31:20] Speaker B: Transition of power within a few days last week for Trudeau on.
[00:31:55] Speaker A: The job yeah so Americans it's not us, it's you Relationship with It's not you, it's me.
It's not me, it's you, it's you.
[00:32:34] Speaker B: Liberal Party Participating locations yeah Identity Verify Identity plus Identity plus Problem on the Paya Char Lamb Latest numbers.
[00:33:23] Speaker A: Physical location recently address Move driver's license driver's license Magnetic strip driver's license so Address Verify Karna Challenge Field Karani Party Democracy Democratic Process.
[00:34:26] Speaker B: Liberal Party Conservative Savka Conservative Prime Minister Stephen Harper Financial crisis Bank of Canada the Governor Financial crisis Canadian economy Canadian Financial system Financial crisis the handling in fact Mark Stephen Harper the Cabinet Finance Minister Banjan Stephen Harper Conservative Party the members Financial crisis Canadian Sambalay Finance Minister Marhom Jim Flaherty Nikitasi Stephen Harper.
[00:36:05] Speaker A: Yeah I have listened with increasing disbelief to Mark Carney's attempts to take credit for things he had little or nothing to do with back then Let me be clear the hard calls during the 20089 global financial crisis were made by Jim.
[00:36:30] Speaker B: Stephen Harper.
[00:36:33] Speaker A: Support Conservatives Stephen Harper Revisionist history the solid economic track record Correct he chose to reach out to Mark even Stephen Harper Prime Minister Finance Minister the Bank of Canada Governor Monetary policy Fiscal policy Hand in hand coordination.
[00:37:57] Speaker B: CBSA Union Customs and Immigration Union Canada Border Service Agency Frontline officers.
[00:38:45] Speaker A: Training center plus $1.3 billion funding cuts million dollar cut so union but I think it's bad timing.
[00:39:07] Speaker B: Donald Trump Free trade agreements as of last night National Security thank you.
