Trump Tariffs turmoil continues, BC presents budget with record deficit, Conservatives sideline seasoned politician.

[00:00:01] Speaker A: And now news takeaway. Good morning, Vijay. [00:00:12] Speaker B: Good morning. Connect Null connect. [00:00:14] Speaker A: Good morning. New Zealand versus South Africa. New Zealand. New Zealand then. So bhat 362 the score. So 363 to win is what's needed. Par South Africa 191 for 5 at almost 11 runs per over. So it looks more likely it's going to be India vs New Zealand final champions trophy chokers South Africa. [00:01:16] Speaker B: So international tournaments which ICC tournaments South Africa and crucial moment they choke T20 World cup final. And there's so many examples. [00:01:27] Speaker A: So many examples. [00:01:29] Speaker B: So. [00:01:29] Speaker A: So it looks more likely New Zealand. [00:01:56] Speaker B: Yeah. So Fox News. [00:02:23] Speaker A: Political leader conversation deputy. [00:02:37] Speaker B: Only lies have details. [00:02:38] Speaker A: Yeah. You know what you always say only lies have details. He is very, very fair and very reasonable. [00:02:55] Speaker B: Promise. They are saying they are trying to impress us. They are trying to show that they will do better. I don't know. So they are trying to show that they will do better. The president very, very fair. They're very reasonable. [00:03:19] Speaker A: He's going to work something out. [00:03:20] Speaker B: Work something out for them. It's not going to be a pause. So tariffs figure out Karan, you do more and I'll meet you in the middle some way. We are going to probably be announcing that tomorrow. [00:03:47] Speaker A: So. [00:03:47] Speaker B: So Howard Lutnick definitely knows something which is not revealing. [00:04:03] Speaker A: I'll meet you in the middle. Percentage. [00:04:17] Speaker B: Tariffs will remain at 25% exceptions could sectors know like auto sector. So Ontario, the auto sector Donald Trump name automobile sector doesn't make sense at all. So nothing seems to be adding up. [00:05:43] Speaker A: Michigan I believe Ontario. I'll do it with a smile on my face. Doug Ford Nikala states the governors. [00:06:59] Speaker B: So they're more like fans than sources. Dumb thing to do. [00:08:03] Speaker A: Commerce Secretary Trump administration we notice. We will take care of this nonsense. We'll get rid of all this nonsense. We want to do business with you. We want to do business fairly and we can get rid of all this nonsense. [00:09:05] Speaker B: Narratively down on a tone down under the strong leadership of Donald Trump. [00:09:12] Speaker A: I'm looking. I'm ready to work for lasting peace under the strong leadership of Donald Trump. [00:09:20] Speaker B: Take my name. So Donald Trump the ego Congress which in fact there was so much chest thumping. Not literally. [00:11:27] Speaker A: Almost. You have to remember that Warren Buffett Varajaldia He's 94 years old. Do they know something which we don't. [00:11:40] Speaker B: See Netflix documentaries. We are listening to you and going to Seattle on train for trip to India. So train to Seattle. [00:12:37] Speaker A: A very Happy wedding anniversary. 604-807-0915 SADA on your SADA WhatsApp the number zero document BC Budget 2025 standing strong for BC Finance Minister deficit record so ICBC rate pairs British Columbians 3.7 million policies so for each active policy low income renters. [00:14:12] Speaker B: One may think legislation. [00:14:45] Speaker A: So next month a check on the Omid Hagi 110 in the month of April do you think this is the. [00:14:52] Speaker B: Best use of public money? [00:14:53] Speaker A: No, it's not. It's not. [00:15:16] Speaker B: I don't think that's the best use of public money Piece of infrastructure. [00:16:20] Speaker A: Road widening the project. [00:16:26] Speaker B: This is my personal opinion Cost of living this would be, you know this would be a better way to to use public money. [00:17:06] Speaker A: Low income renters subsidies Rental assistance program the income threshold rental supplement shelter aid for elderly renters Monthly supplement targeted programs deficit 30 billion dollar deficit more than that. [00:18:21] Speaker B: Yeah. [00:18:37] Speaker A: You'Re right, you're right, you're right, you're right. [00:18:43] Speaker B: Fiscal deficit It doesn't matter it's going to be more than $10 billion 9.1 billion. [00:19:10] Speaker A: Last year. [00:19:35] Speaker B: 9.1 billion for $9.1 billion GDP growth the projection 1.8% GDP growth 1.9% 0.3% grow Karagi so projections fiscal deficit GDP growth they do not factor in tariffs Economic uncertainty. [00:20:36] Speaker A: GDP growth 0.3% debt to GDP ratio by 0.0% of the CK debt to GDP ratio But again going back to your point A numbers based economic growth. [00:21:19] Speaker B: Numbers Debt to GDP ratio supported debt so for example so there are taxpayer supported data Taxpayer supported debt total data. [00:21:59] Speaker A: Provincial debt takeover Kitasi from John Horgan In 2022 in NABE billion this was 90 billion. [00:22:43] Speaker B: Yeah so 4.9 cents per dollar. [00:23:05] Speaker A: Yes Capital projects investment. [00:23:15] Speaker B: So capital projects overall capital investment Transportation infrastructure. [00:23:32] Speaker A: School. [00:23:32] Speaker B: Infrastructure billion dollar low interest loans home builders 40% below market rate first time home buy. [00:24:32] Speaker A: Involuntary treatment addiction center. [00:24:54] Speaker B: Teacher assistants mental health counselors this is not enough but that's not enough. [00:25:56] Speaker A: Existing school the projects 7.9 billion deficits roll back in no point Foreign corporate taxes the employer health tax dead billion dollar Service agency refundable tax credit Mil Sakdesi claim Nikita so Ekapoint Char Billion dollar. [00:27:18] Speaker B: Almost. [00:27:29] Speaker A: Deficit. [00:27:52] Speaker B: Billion dollar revenue billion dollar carbon. [00:27:59] Speaker A: Tax the carbon tax Carbon tax as in J off the table charge system Federal carbon tax Laga so the provincial government carbon tax at AVID India revenue Federal backstop provincial carbon tax 10.0 punch billion dollar from revenue provincial government depends. [00:29:08] Speaker B: Liberal side to me Honjade front runners so carbon tax might be off the table off the table on the consumer carbon tax 10.0 Punch billion dollar revenue. [00:29:32] Speaker A: Carbon tax Industrial carbon taxes personal income taxes $49.1 billion personal taxes sales tax Property transfer tax Real estate so Federal Sarkar Provincial government no Health and social transfer. [00:30:28] Speaker B: Billions small business venture capital tax credit Canadian made films Energy product supply chains. [00:31:49] Speaker A: Finance Minister Dominic LeBlanc Canada is not interested in meeting us in the middle on the tariffs thing. So Dominic LeBlanc the statement I'm seeing it right now. It's flashing in front of me. [00:32:19] Speaker B: Dominic LeBlanc that remains to be seen. Some. Some listeners were actually complaining. [00:33:00] Speaker A: BCLC lottery corporation so lottery $10 billion natural resources natural resources to revenue BCLC so lottery corporation. [00:33:36] Speaker B: Is in our environment we protect Honda. [00:33:53] Speaker A: That is the healthcare social services at about $11.3 billion billion dollar yes. [00:34:17] Speaker B: Now it's come to Lower Mainland Hospital. [00:34:20] Speaker A: G7 remote area which we and even. [00:34:26] Speaker B: After spending $39 billion per year on health care. [00:34:30] Speaker A: Yes $3.05 billion 3.05 billion 5 is $50 million starting April 1st full time equivalent employees Finance critic Conservatives Ministry of Finance Additional payroll char million dollar per year Frontline hires Cabinet order mostly political communications, hiring communication psychological so. [00:36:41] Speaker B: I'm not saying so many documents supporting documents all of these. All of this data was Compiled Economic Uncertainty 0.10 Projection Yes Correct Deficit they are based on a projection of gdp growth of 1.8%. Then how does this factor in the tariffs per year? So 10 Salana fiscal plan for every year they have kept $4 billion in contingency. [00:38:55] Speaker A: So billion dollar total contingency and that too just within a matter of January presentations $69 billion. [00:40:22] Speaker B: To keep the fiscal powder dry 0.10 I don't know. [00:40:59] Speaker A: I don't believe Trump and I don't believe Vijay either. Now he suddenly knows about sour drinks and all the brands. Come on, just tell the truth. Do you even drink? [00:41:17] Speaker B: Only lies have details as possible Exemptions is an exception. [00:41:32] Speaker A: Are we meeting anybody? [00:41:35] Speaker B: Details. [00:41:51] Speaker A: That's the truth. Red States Cabinet positions Deputy Premier Rahe BCD Finance Minister Rahe pretty much he wanted to contest in the. In the nomination Conservative Party even to contest as a nominee. [00:43:02] Speaker B: Yeah. Conservative Party nomination Conservative Party of Canada Qualification so my Deong. This is so disappointing and surprising Veteran politician. [00:44:29] Speaker A: Maybe someone doesn't like me there. [00:44:42] Speaker B: Campaign Provincial election Mike Diong Nikki May election Provincial the mayor Federal election last. [00:44:54] Speaker A: Year March. [00:45:05] Speaker B: Veteran politician Provincial politics Virtually. Oh, she's so magnanimous with a ferocious mother. [00:45:44] Speaker A: Finance Ministry Christie of Elon I think Canada. [00:45:52] Speaker B: Finance Minister Hyundai A tariff Lagnanis. [00:45:59] Speaker A: Christia Friedland Christia Friedland. [00:46:07] Speaker B: And Frieden likes to wear it on her sleeve. He kicked me out of Russia. So finance the degree, Land to bath, Financial journalism. [00:46:46] Speaker A: And that's something that people can search and find out. Yeah. Yeah. That's something that people can search. That's true. [00:47:13] Speaker B: Thank you. Yes, thank you very much. [00:47:15] Speaker A: Thank you.