Vancouver Council to vote on lowering speed limits, Federal Government to miss its $10 day care target, Canada needs major over hall to its procurement process.

[00:00:01] Speaker A: And now new stick away. [00:00:16] Speaker B: Connect FM 91.5 news takeaway segment. Good morning Vijay. [00:00:24] Speaker A: Good morning. Connect Null Connect Good morning. [00:00:41] Speaker B: The kind of songs. [00:00:55] Speaker A: Favorite geopolitics, the. [00:01:11] Speaker B: Market valuation artificial intelligence social media platform Both political analysis quite unexpected, but I'm sure there is a possibility. Yeah so internal roads Vancouver City Council Richmond City Council facility Just for one facility Richmond City Council. [00:04:38] Speaker A: Most likely forensic audit possible fraudulent activity is Olympic Oval Corporation the corporation city the chief administrative officer. [00:05:29] Speaker B: Independent governance structure directly Richmond City Council. [00:05:42] Speaker A: So Jimmy BC Ferries the single shareholder shareholder BC Sarkara Richmond over the single shareholder has city of Richmond. Yeah so similar structure corporation. [00:06:15] Speaker B: Metro Vancouver regional district of course wastewater treatment plant, City council gift cards proper structure, independent auditor municipal government. They Kharchianu municipal government. The budgets established local taxpayers, municipal taxpayers, property taxes. [00:07:11] Speaker C: Yeah. [00:07:12] Speaker A: So Winter Olympics long track skating events millions of dollars annually. Although facility stadiums regularly gym sports activities, existing facilities FIFA World Cup Mexico, U.S. canada. [00:08:01] Speaker B: Yeah, indeed. And with Richmond Olympic Oval this is being put to good use. Even local level events. Even veteranship table tennis facility management very soon Donald Trump pharmaceutical tariff announced 50 tariff Canada billion dollars of copper. That's 52% of all exports. So Ohigala. [00:09:56] Speaker A: Yeah. So Char point at billion dollars Copper mine, copper concentrator, copper concentrate import Kada. [00:10:14] Speaker B: So concentrate is semi processed copper. [00:10:20] Speaker A: Concentrate so import Karda copper export refined copper Copper concentrates copper refined refined copper total concentrate the refined copper. [00:10:55] Speaker B: Natural resources, electric vehicle the components renewable energy projects which. [00:11:24] Speaker A: Multiple uses. [00:11:39] Speaker B: Domestic demand Peru. [00:11:47] Speaker A: Interesting Canadian mines for British Columbia mines British Columbia Highland Valley mine tech resources Asia New Europe no. [00:12:14] Speaker B: Eastern mines Ontario. [00:12:15] Speaker A: Ontario, Quebec concentrate. [00:12:23] Speaker B: Swiss company Swiss mining company Glencore Glencore the only copper smelter Canada which exists oh Quebec Highland Valley recently so US Consumers. [00:13:49] Speaker A: Canadian exporters. [00:14:04] Speaker C: So. [00:14:04] Speaker A: Tariff pay American consumer. So Donald Trump teething troubles manufacturing facilities automotive sector Automotive supply chains integrated. [00:14:54] Speaker B: Industry specific tariff the announcement automotive tariff already Steel, aluminum Pharmaceutical industry pharmaceutical company. Unless they get their act together. Getting their act together. [00:15:48] Speaker A: Pharmaceutical giants, manufacturing so pharmaceutical giants America tariffs for a similar case mobile phones. [00:16:18] Speaker B: Apple entered this year at 3.9 trillion dollar valuation Valuable company. Of course, yes struggling correct. [00:16:37] Speaker A: AI program. Yeah, so but Donald Trump today we are doing copper later in the day. In a day or two carve outs fair postpone Karta. Relax. [00:17:21] Speaker B: Karta Taco Taco Trump always chickens out financial sectors. [00:17:42] Speaker A: So so can they know exemptions? Can they be cabinet meetings Reciprocal terrorist. [00:18:49] Speaker B: He said that yesterday. [00:18:55] Speaker A: It's very complicated. 90 days, 90 deals. [00:19:34] Speaker C: Yeah. [00:19:36] Speaker A: You see. [00:19:44] Speaker B: Political figures, international figures. There was a song about Gaddafi speaking of Politics a day child care including British Columbia provincial target Canadian center for Policy Alternatives. [00:20:48] Speaker A: Even federal target over and above so Saskatchewan Prince Edward Island Newfoundland, Labrador including British Columbia, Ontario, Alberta, Nova Scotia. [00:21:22] Speaker C: Day. [00:21:32] Speaker A: $10 a day child care spaces. [00:21:47] Speaker B: Available. [00:21:53] Speaker A: Yeah so total licensed spaces. [00:22:08] Speaker B: 10% 10%. [00:22:20] Speaker C: So. [00:22:24] Speaker A: British Columbia, Alberta, Ontario, Nova Scotia, New Brunswick plan. [00:22:33] Speaker B: And let's not forget deficits Federal level provincial level already fast track Kirk 2026 Target has. [00:22:54] Speaker A: Confusion $10 a day program $10 a day child care a income tested so regardless of income 10 which convert affordable child care benefit a program income tested so a income tested family income. [00:23:32] Speaker C: So. [00:23:32] Speaker A: This program is income tested 10 a day child care is not first come. [00:23:36] Speaker B: First services JD already signed up waiting list. [00:23:52] Speaker A: Child care fee reduction initiative Child care providers basically subsidiary providers apply subsidized. [00:24:04] Speaker C: So. [00:24:06] Speaker A: Awareness. [00:24:38] Speaker B: Kyuki JD Co. Federal Organizations Record keeping in Hegi Pata Office of the Procurement Ombuds Person Procurement Canada Procurement Streamline accountability Chief Procurement Officer Single point of accountability so that clarity Procurement. [00:25:58] Speaker C: Top. [00:25:58] Speaker B: Recommendation based on procurement experts in all interviews Federal Public Service Procurement Chief Procurement Officer so that accountability. [00:26:22] Speaker A: Recommendation Vendor performance tracking system for example can they visit deliver Kitao the quality cost Kirahi Project complete Kita vendor subcontractors client Federal departments then communicate that's the point Report. [00:27:25] Speaker B: Vendor performance tracking system so vendor. [00:27:50] Speaker A: Yeah so aged reporter. [00:27:55] Speaker B: Recommended Natural stupidity. [00:28:02] Speaker A: Universal set of procurement rules so I think procurement basically recommendations. [00:28:26] Speaker B: Yeah Alexander Jaglik Alexander Jaglik Canada Office of the Procurement Ombud Procurement on Board Artificial Intelligence Artificial Intelligence of course Ethical challenges Artificial intelligence complexities Sarkarnu Artificial intelligence. [00:29:28] Speaker A: Suppliers Yes. [00:29:42] Speaker B: Government wide portal database Procurement data collect Departments Department Procurement Centralized system. [00:30:12] Speaker A: Procurement Exclude Kardania Procurement process conference implement Defense the defense was taken Procurement Officer General. [00:31:28] Speaker B: Because we want to do things for cheap yes we process suppliers. [00:31:49] Speaker A: Canadian. [00:31:55] Speaker B: Complex system Canadian contractor experience the basis Internationally bidding the relevant experience Indigenous procurement improve Karna Top 5 recommendations Pichli Trudeau Sarkar Federal Ministries no departments know Ketosi Jinavi Kharchakara projects. [00:32:44] Speaker A: I believe. [00:32:45] Speaker B: Minimum Indigenous company Indigenous company NAR partner Banak Millions of dollars the contracts and contracts performance metrics review Koi deliverables. [00:33:19] Speaker C: So. [00:33:19] Speaker B: Indigenous procurement improve Karna top five recommendations which I think that's quite telling. [00:33:34] Speaker C: Federal. [00:33:35] Speaker A: Procurement. [00:33:37] Speaker B: Oh yeah Clear yes so did. [00:33:39] Speaker A: He arrive so contracts Canadian company restrictive night goggles Night vision binoculars. [00:34:38] Speaker B: With defense procurement European Defense procurement system. [00:35:22] Speaker A: So procurement. [00:35:32] Speaker B: This is when the rubber hits the road. [00:35:52] Speaker A: Short in the arm yeah Deficit practical session Act Internal trade barriers. [00:36:41] Speaker B: Election platform but revenue collection Revenue collection. [00:36:53] Speaker A: Practical. [00:37:42] Speaker B: Okay Negotiation economy like we Already discussed char point at a billion dollar tariff. [00:38:04] Speaker A: Yes so defense spending. [00:38:50] Speaker B: Of course Overall availability properties the rental properties purpose built rentals online as in market which available average asking rent. [00:39:10] Speaker A: Yeah so overall immigration so temporary residents immigration levels plan as of last year 7.4% temporary residents 7.1% of the total population 5% of total population so immigration levels plan significantly reduced. [00:39:52] Speaker B: And each subsequent year. [00:39:57] Speaker C: So. [00:39:59] Speaker A: Immigrants rental properties the demand purpose built rentals price correction so overall rent the which price correction Hoya for purpose built rentals JD. [00:40:27] Speaker B: Vasuri Purpose built rentals Rental accommodations real estate market cost of your year rental return Real estate market rental return. [00:41:32] Speaker A: Yeah so Vancouver purpose built rentals average asking rent for a two bedroom set. [00:41:47] Speaker C: After. [00:41:47] Speaker A: A price correction of 4.9% since last year's first quarter the Caribbean ballpark Calgary Calgary. [00:42:29] Speaker B: In Calgary Calgary average asking rent. [00:42:43] Speaker A: Toronto average asking rent purchase of BAI$10.8 hello facts 10.0% for obvious reasons. [00:43:13] Speaker B: By. [00:43:13] Speaker A: And large rent to income ratio. [00:43:42] Speaker B: Disposable income $66,000. [00:44:27] Speaker A: But fairly it's still very. [00:44:29] Speaker B: Expensive very expensive Calgary they reach less than 1900 average that's a pretty big. [00:44:37] Speaker A: Difference Property types the apartments they cry 8.8% condos they cry 4.9% the houses the townhouses 6.6% specifically they call rental condos did a purpose built condos two bed unit Vancouver point at percent Calgary which 10.3% eight point Southwest and Halifax which at point 10% purpose built condos and to your point investors the interest. [00:45:25] Speaker B: Of the interest international students the Gandhi rental market academic staff Educational institutes 10,000 layoffs Alberta British Columbia replicate Kara of course the numbers Ontario layoffs educational sector. [00:46:14] Speaker A: Colleges universities international students supply educational institutes by default construction sector as well yeah price correction so that remains then price. [00:47:41] Speaker B: Correction financial planning without renting any portion of doesn't move There are many who think hopefully this is the bottom. [00:49:50] Speaker A: That. [00:49:50] Speaker B: Is significant that is significant yeah yeah. [00:49:52] Speaker C: Yeah. [00:50:09] Speaker A: Those are BICO dollar. [00:50:57] Speaker B: Transit connection I think a lot of those factors. [00:51:03] Speaker A: Force thank you very much experience. [00:51:55] Speaker B: Here if 20% was their commission in 9. [00:52:30] Speaker A: Years yes it was close to 15 to $17 million a day GC strategies total contracts so yeah so. [00:52:41] Speaker B: Thank you very much from 7 to 9pm thank you very much thank you. [00:52:56] Speaker A: Live interview. [00:52:59] Speaker B: Thank you very much.