Trump tariff threats, Liberal leadership race narrows, Federal government delays capital gain tax changes

[00:00:02] Speaker A: And now News Takeaway. [00:00:17] Speaker B: Connect FM 91.5 News Takeaway segment. [00:00:24] Speaker A: Good morning Vijay. Good morning Connect Nal connect. [00:00:31] Speaker B: Donald Trump then I was so this was what he said yesterday and they will probably decide tonight. Probably. Maybe we should be we might decide Depends on the price. [00:01:18] Speaker A: Yes yes, yes Canadian select already discount as compared to WTI it will depend on the price so doesn't add up. [00:01:55] Speaker B: So Vasuji if oil is proper properly priced exactly illegal migrants versus kidney Canada same cheese fentanyl that was about 9,700 kg illegal migration fentanyl smuggling trade imbalances trade deficit. [00:03:26] Speaker A: So 10 reasons you can't call him unreasonable anymore 10 reasons 10 reason so number one is the people that have poured into our country so horrible and so much Washington D.C. [00:04:25] Speaker B: Donald Trump trade deficit subsidize Canada Yeah that's a different number. I think so Pandra billion see $115. [00:04:55] Speaker A: Billion. [00:05:20] Speaker B: Million barrel Rosanna yeah overall the. [00:05:41] Speaker A: Other way around yeah so average America trade deficit annual services. [00:06:08] Speaker B: Software companies Amazon web Services the contracts American company. [00:06:35] Speaker A: So. [00:06:49] Speaker B: Again Sato pant million dollar rose up the Caribbean pant million dollar and Joe. [00:06:57] Speaker A: Pipeline networks refineries so we are generating jobs for the Ms. Pack. [00:07:06] Speaker B: Correct so Canadian Chamber of Commerce the business data lab which Canada will no counter tariff dollar for dollar Canadian GDP Canadian Chamber of Commerce the business data lab so tariff Canadian economy Canadian GDP $78 billion per Canadian per year so if it's a family of four then you're looking at about $7,600 per per year the. [00:08:11] Speaker A: The GDP 1.6% billion US. [00:08:18] Speaker B: Dollars so just let's take a little pause here Canada the GDP the dough point these numbers economy they scale the economy Canada the economy economy the IK point che percent hisa per American per Canadian dollar per capita GDP yes per capita GDP. [00:09:24] Speaker A: Hence the debate about productivity. [00:09:26] Speaker B: Hence the debate about productivity yeah you're. [00:09:27] Speaker A: Right so Daniel Smith Nalagan but Daniel Smith the office Donald Trump if he moves we will act. [00:10:18] Speaker B: The first round would include $37 billion worth of American. [00:10:22] Speaker A: Goods Federal ministers Washington so Melanie Jolie David McGinty Immigration Minister Mark Miller last hour Donald Trump. [00:10:46] Speaker B: Yeah let's see let's see Border Mayors Alliance Canada US Border India press conference Windsor the mayor Drew Delkins then all Oki Hong Permanu Samjani on the ACE alliance may achieve Kikarna. [00:11:25] Speaker A: Jurisdictions Alberta the premier hone Ontario press conferences estimates directly impact yeah so numbers incentives support package billions of doll definite businesses I think they are aligning themselves to be in the top 10 of the recipient list. [00:13:33] Speaker B: Directly impact businesses immediate effecting sector transportation sector increasing scale Implement Canada plan border security plan. [00:14:25] Speaker A: Yeah so such drone Black Hawk helicopters. [00:14:32] Speaker B: I think so I read somewhere how does that. [00:14:40] Speaker A: Millions of dollars. [00:14:46] Speaker B: I need to look. [00:14:47] Speaker A: Into that maybe. [00:15:10] Speaker B: Social media platform. [00:15:26] Speaker A: Pelly January we saw Chabitaka so cover Aavi Capital gains tax the inclusion rate. [00:16:33] Speaker B: Leadership event consumer carbon tax. [00:16:55] Speaker A: Announcements cannot control. [00:17:09] Speaker B: Capital gains Lukan impact Kita Jaduna Christia Freeland Napichle But a fairness generations programs capital gains the inclusion rate confusion so for corporations individuals capital gain the exemption million dollar the property waking capital gains taxable income tax Lagunasi so formula impact widespread impact Arm Canadians. [00:18:52] Speaker A: Can you see 99.87% Canadians 0.13% only so perception 0.13%. [00:19:05] Speaker B: Which was not true which was not. [00:19:06] Speaker A: True Correct Capital gains tax so 0.13% capital gains tax inclusion rate which is interesting KG Kristia Freeland Karen Capital gains tax cancel Media professionals capital gains tax the inclusion rate so many people still don't know Capital gains tax cancel how's that possible right Markarney Federal Circadita Capital gains tax inclusion rate which so federal Sarkar sources inclusion rate January we saw Chabitak so as we were saying. [00:21:08] Speaker B: 50% capital gains 50% tax free about 33.33% budget omnibus build it or they present Karnasi legislation legislation Capital gains the inclusion rate capital gains they tax the inclusion rate Postpone Karatagya effectively Onu Hathamhikar Parliament any unpopular Hoi Cheesnokoi Sarkar JDV Sarkar Bandiya Conservatives Christia Freeland again ties back to the Donald Trump situation Trump tariff Lagarh tariff Lagon Kirke already Kuji Canadian manufacturers naked pancake Bononali company Ontario snacks capital gains this inclusion rate with such SO tax policies. [00:23:17] Speaker A: Yeah so taxes One of the more serious contenders I'm listening to Canadians with grassroots per year per year $11 billion yeah. [00:24:26] Speaker B: The businesses the corporations Businesses no corporations no producers corporation. [00:25:22] Speaker A: Serious contenders Mark Carney Christia Flint endorsements clearly Business economy carbon tax industry incentives close to 30 now 2626 endorsements so liberal caucus members grassroots level workers youngsters. [00:26:57] Speaker B: Gone. [00:27:09] Speaker A: Canadians may be listening to them so Harkoi. [00:27:38] Speaker B: So leadership raised vote passage non refundable deposit that is on 17th of February most likely narrow down you never know Front runner Mark Carney and Christia Freeland Mark Carney lead by a very strong margin. [00:29:17] Speaker A: And meanwhile Conservative Party points which is record by a huge margin Conservatives despite the Canada Post strike so in our name Iktali Point Parliament Liberal Party which Justin Trudeau Mangaresi. [00:30:09] Speaker B: Liberal Party the leadership opinion polls it could be very interesting. [00:30:50] Speaker A: Carbon tax election Capital. [00:30:53] Speaker B: Gainshana Sadhana Carbon tax Fair capital gains tax. [00:31:43] Speaker A: Yeah so the Conservative campaign it seems to be slowing down a little bit. Stagnate. They need something fresh now. Social media attention Spanish Conservatives they have to come up with something new. Keep the campaign alive and kicking. Kicking pun intended. [00:32:56] Speaker B: Ontario Press conference Union workers United Steel Workers by Canadian policy. [00:33:23] Speaker A: Like by Canadians policy. [00:33:27] Speaker B: So another Kali Kana CVC Canada Canadian company technology. [00:33:57] Speaker A: Most. [00:33:58] Speaker B: Of them Microsoft, Apple, Amazon, Google hove software Oracle Co. IBM Pelagander Justin Trudeau Christia Freeland Justin Trudeau has to go. [00:34:52] Speaker A: Confidence and supply agreement that was September. [00:34:54] Speaker B: 4Th of last year. [00:34:58] Speaker A: So case by case basis bill to bill agreement Koini grantee Koini grantee Katam over agreement tier. [00:35:13] Speaker B: Of Karanda reason solidify Karan Jagmeet Singh at the beginning of September O confidence and supply of agreement Jari seat Harjande Jagmit Singh party the leadership just intrude the leadership Toronto St Paul's Ali Safe seat Harisi so Tobad Jadun Jadunvi Sarkarnu Degan Vast Lokanda, Hitanipur Katamatikita Conservatives yes Everything's on the table. [00:37:00] Speaker A: Everything is on the table Regardless who is the leader Liberal Party Javi Liberal Party Trump tariff the Faigy workers, businesses billions of dollars Opposition leaders All options are on the table Justin Trudeau has to go Fair clarity Ikg Regardless who is the leader Liberal party. [00:38:45] Speaker B: Correct Press conference Ontario. [00:39:29] Speaker A: Early recall by the way Conservatives oh a support package Support package Legislation so how convenient so that promise stands so basic the common denominator is relief package so called billions of dollars Cabinet recall Krana Koi plan Interim supply bill pass Correct legal requirement Supply bill so Supply bill Sarkar relief package Spring which October this is to support workers and businesses Water bank held NDP so called businesses. [00:42:48] Speaker B: Locked in example that's what remains to be seen. [00:43:43] Speaker A: Separately. [00:44:16] Speaker B: Phase of the review of the tariff demands towards Canada Oh, Donald Trump. [00:44:59] Speaker A: Of course the Opela John G Tariff Nalagi tariff so Okosha Karinik tariff Nalagi Minister Garapni the odevaste. [00:45:33] Speaker B: Never let a crisis go to waste. [00:45:35] Speaker A: Exactly. [00:45:48] Speaker B: Corre like 1930s 1940s on weekdays only night vision goggles, sophisticated helicopter, a Blackhawk It's a workhorse around the world to patrol the borders so again Trump illegal migrants which we ultimately yeah Pipelines, natural. [00:48:06] Speaker A: Resources, the provincial trade barriers. [00:48:18] Speaker B: Very quickly Carbon tax Carbon tax Consumers carbon tax Lagada Green initiatives rather than Carbon tax the formula Kira carbon tax Ladega Loki pollution greener choices incentive rather than polluting green cheese on the Chhonte incentive so. [00:49:17] Speaker A: EV rebates Energy efficient appliances Electric vehicles improve home insulation Energy efficient windows is just like Justin. [00:49:53] Speaker B: Just like Justin. [00:49:57] Speaker A: Last time I checked I think this is what might distinguish him from Justin Trudeau to some extent Critics may disagree Global market Can they compare environment climate change measures so that there's a fair ground for them to compete on global level Canadian company American companies we will make Canada the strongest economy in G7 so G7. [00:51:27] Speaker B: Economic credentials of course Global financial crisis situation Finance Minister fiscal policies Canadian economy of course combination monetary policy fiscal policy example. [00:52:48] Speaker A: So similar to PV Narasimha Rauti Dr. Manmohan Singh Prime Minister the Finance Minister Finance Minister the Bank of Canada the Governor yes so liberalization, privatization, globalization but in the long run so I think. [00:53:13] Speaker B: Right November Canadian GDP. [00:53:22] Speaker A: Preliminary estimates December they wait 0.0% the growth. [00:53:26] Speaker B: Maybe GD GST the break activity holiday season Kirk per November the which point Doper send the giravat this is the largest monthly contraction since December 2023 so a Kalo activity the point of view then that was the month of November thank you.