Canada entered a technical recession in the first quarter of 2026, becoming the only G7 country to experience economic contraction during this period. The recession was primarily attributed to weakness in resource extraction industries and construction activity, with GDP growth at 0.25% compared to the 1.5% growth that economists had forecasted. This economic downturn resulted in 120,000 job losses, the second highest unemployment rate in the G7, and Canada having the worst housing costs and most indebted households among G7 nations. The Conservative Party criticized the Liberal government's economic policies, including anti-development laws, increased carbon taxes, and bureaucratic permitting systems, as the primary causes of this economic crisis.
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Heat. Heat.
Heat. Heat.
Welcome all of you.
Canada, West Coast.
Happy Friday to all of you.
West Coast, Vancouver, British Columbia, Washington State or California, East Coast, Ontario, Quebec or Toronto, New York Geopolitics interviews program.
message, Facebook account, news, YouTube message.
Definitely Canada recession.
Stats Canada.
Stats Canada.
Stats Canada recession GDP in fact we saw 0.25% 25% let me just share the web page of stats Canada recession.
Quarter report.
for Sanji information.
stats. Canada Bank of Canada, Bank of England as finance minister Donald Trump non US market Economists Canada technical recession gross domestic product.
release date.
We saw 0.5% 0 second quarter second quarter 0.1% third quarter 1.9% GDP the growth analyus USUS% information stats Canada on a per capita basis real GDP increased 0.2% 2% in the first quarter of 2026 as the population declined for a second consecutive quarter and GDP remain unchanged unchanged. So GDP was unchanged in the first quarter after declining 0.2% in the fourth quarter of 2025.
Particularly GeneA high imports of goods particularly gold was offset by accumulation of business inventories decreased businesses and government capital investment was counterbalanced by higher household spending tax of Middle Eastern countries, Asian countries, Canada, first quarter, fourth quarter value.
first quarter 2026 or fourth quarter 2025 compensation to employees gross operating surplus. So total GDP market consensus among economist had called for real gross domestic product growth of 1.5% on an annualized basis in the first quarter or stats mainly blame weakness in Canada's resource extraction industries and in construction activity construction Construction activity housing markets Canada Prime Minister Governor Journal Mary Simons already Mary Simons Governor Journal Foundation Canada, Prime Minister Carney.
Uh, Prime Minister Super double super uh pleasure uh an honor uh to be here uh for this occasion. Um to the right honorable David Johnson, Johnston, sorry, Elder Reapa Evict Carlson, thank you for starting today in the good way. Thank you for your service, David. Uh thank you all for being here. Um today is uh an important occasion um and a chance to reflect on how Governor Generals have shaped the story of Canada.
Help defend the institutions that make up our country. Devote yourselves to the service of others and promote the values that we hold dear. and promote those values and that service beyond their tenurs as governor generals.
You know, upon appointment, a governor general creates a code of arms, a personal code of arms that reveal the principles that help shape their life and their service.
David Johnston, academic hockey player.
He didn't choose a hockey stick.
Academic law professor placed books on his code of arms. Symbols of the pursuit of knowledge, innovation, truth.
and her excellency Mary Simon, lifelong advocate for indigenous rights, placed a disc and a circle at the center of her code of arms, a symbol of the inclusive relationship between indigenous peoples and all Canadians.
Now, the nature of this relationship has not always reflected the harmony symbolized on that coat.
Canada was built on the foundation of three peoples, indigenous, the French, and the British. And that founding was imperfect. It excluded too many. It was built in part on the dispossession of and broken promises to indigenous peoples.
These failings are part of our country's history and so reconciliation is an ongoing project of all Canadians, not of a single government generation.
Memoir Mary Simon.
Throughout her life, Mary Simon has embodied a fundamental Canadian belief that our diversity isn't something to be solved. It is a strength to be celebrated.
As president of Machu Corporation, she helped negotiate the James Bay and Northern Quebec agreement, the first modern land claims agreement in Canadian history. This marked the first rec official recognition of the territorial rights of Inuit and Cre people of Quebec. Today, the rights of more than 1 million indigenous peoples are protected in the Supreme Law of Canada in large part because of your work, your excellency.
Mary Simon has been a leading figure in the negotiations was a leading figure in the negotiations that formally entrenched Aboriginal and treaty rights in our constitution act of 1982.
And as Canada's first ambassador for circumpolar affairs and the first inuk ambassador in Canadian history, she helped establish the Arctic Council, ensuring indigenous voices would help shape the future of the north again and again. Again and again, Mary Simon has taken on enormous challenges and approached them with wisdom, determination, and an unwavering commitment to her people and public service.
Your excell your excellency, you've reminded us that reconciliation is a responsibility to be lived day after day in how we listen, how we learn, and how we act. And throughout your lifetime of service, you've embodied the responsibility with that wisdom, compassion, and unwavering purpose. You've elevated national conversations on mental health, particularly in northern and indigenous communities, bringing visibility to challenges too often overlooked, and bringing dignity to those too often unheard.
Your mental health learning and listening tour shed light on mental health needs of remote, rural, and northern communities, areas where access to mental health supports, as you well know, are very, very limited. And to honor your legacy and your leadership, the Rita Hall Foundation is establishing a a huak, you'll help me with the pronunciation.
Awatac, the Mary Simon catalyst for mental wellness.
This project will provide the communities you visited, and you visited many, and more.
There are even more with the vital mental health care that they deserve.
Life-saving support like counseling, culturally grounded services, and peer-led mental health. The government of Canada is commemorating your service to Canada with an initial $5 million investment to help bring this project off the ground. And we will also match every dollar up to $10 million that the RTO Foundation raises for this project.
And with Rob Pritchard and Theresa Marquez Mary Simon community.
Your Excellency, on the day of your appointment, July 2021, you stood before our country and said, and I quote, "I believe strongly that if we embrace our common and shared responsibility for one another, Canada's brightest days are yet to come."
You also said that you were dedicated to doing everything in your power to build and inspire that future.
You've met those commitments.
As Governor General, you convened the first Governor General's history symposium, a gathering at University of Winnipeg's campus where historians, academics, students came together to bring long overlooked stories from marginalized communities into the light.
On just two days before his coronation, you facilitated a historic meeting between His Majesty King Charles and national indigenous leaders attend. You were there, marking the first steps towards a new relationship, a new relationship with the crown.
As I said, your excellency, you fulfilled the promise you made to Canadians on day one. You are uniting this country with a shared ambition of building a stronger and a more inclusive Canada for all. I would also like to thank his excellency Whit Frasier and your entire family for their extraordinary service to Canada.
And on behalf of Canada and all Canadians, thank you, your excellency, Governor General. The Canada you were born into, the Canada Elder Abec was born into is not the same Canada that we know today.
Because of you, your leadership, your advocacy, your hard work, we're more just, more inclusive, more committed to reconciliation.
And because of you, we know that we still have more to do. What you have achieved was not only monumental in its impact, but transformational, creating generational change that will be felt for years to come and a momentum that will endure. Your legacy will endure not only in your service, but also in how you served with grace, with resolve, and a belief in our country's greatness and goodness.
Thank you. Merci.
I don't think I'm also a waitress. Thank you very much, Prime Minister.
It is now my distinct pleasure to ask you to join me in welcoming to the stage the right honorable her excellency Mary Simon Governor General of Canada.
>> Honor Mary Simon's name. Mary Simon Okay.
Bonjour. Good morning, Prime Minister.
Thank you for this very generous gift which makes it possible to launch a project uh close to my heart.
my French.
Some words are difficult to pronounce.
Um, as the prime minister said, I undertook a mental health listening and learning tour to better understand a reality that has long troubled me.
Despite rising rates of psychological distress and suicide and overdose in Canada, mental health still does not receive the same attention as physical health. Nor is it treated in the same way, urgency, and compassion.
Too many people, especially young people and those in remote communities, need to um continue to lack the support they need.
I don't get very excited, but this is exciting me, so I'm having some trouble getting my words out.
uh inhalit I met with mental health practitioners, community workers, cultural healers and caretakers doing remarkable work with very limited resources.
They spoke of the power of community and peer support. support from someone who speaks Inoitute, understands Eno culture, and knows the realities of life in the north. Someone who understands that a mental health crisis can't always wait for an appointment, and that approaches like drop-in counseling or mobile mental health teams are often what works best.
Someone who understands trauma and the lasting harm caused by residential schools and other colonial policies.
comp relying solely on non-indigenous professionals sent from the south on a temporary basis makes it very difficult to build the trust that effective mental health support requires. We appreciate the support that we do get, but then the people that have come into the communities once they've been there and have have uh completed their work, they they go back to their to their homes and to their other other jobs that they have. So often times um communities are not ready to be without support and counseling when this happens.
As we probably all know, healing flourishes through connection and culture. I don't think it matters what culture we come from. But when we heal from a trauma or from any kind of mental health um illness, it could be serious.
It could be minor. Um you know, anything can happen in our lives. Um and we need to feel that the person that is helping us to to heal understands who we are, who where we come from and what our culture culture is. And it's not just Inuit, but it's all all c cultures I think uh are are like that. That is why this program will focus on supporting community-based mental wellness counselors with lived experience.
Individuals who with the right training and adequate financial support can make can make a meaningful difference. It is one of the most effective ways we can help build a strong and vibrant Canadian north for the future.
I want to thank sincerely the Rita Hall Foundation for undertaking this important work. And please do not think that the end of my term as governor general marks the end of my work. I fully intend to continue supporting this cause in many years ahead. My and my commitment to the people of the Arctic will never waver.
So never give up. Mercia, thank you.
I think you very much her excellency.
Please welcome Teresa Marquez speaker.
Bonjour. Hello. Good morning. Thank you so much for being here. Your excellencies, Prime Minister, distinguished guests and friends.
Your Excellency, thank you very much for your words and for your extraordinary leadership. Over the course of your mandate as governor general, you've not only brought attention to mental wellness, but you've helped to change the way that we listen, the way that we learn, and the way that we act.
Prime Minister, thank you for your presence today and for the government of Canada's commitment to this important work. Your investment in this legacy initiative makes it possible for us to move forward with purpose and with confidence. It sends a clear signal that mental wellness in the north, beginning with Inuit Nunat, matters and that community-driven solutions deserve sustained support. For those of you who may be a bit less familiar, the Rita Hall Foundation is a national nonpartisan charitable organization founded in 2012 by the right honorable David Johnston, 28th Governor General of Canada. Thank you, David and Sharon, for being with us today.
The RHF has a special and foundational relationship with the office of the Governor General and I think today's announcement helps to reaffirm that initial vision. We step into moments of national consequence and this moment and this issue are very much of national consequence and we work to bring people and organizations together around ideas that can strengthen this country. At the heart of our work is a very simple belief that lasting change happens when solutions are shaped by the people who are closest to them.
leadership.
What's been missing is reliable long-term support to help that work continue and grow. And that is what Aayuinata is about. Auata is about auata. A hand extended to help reflects both compassion and action. It captures the belief that the most meaningful support comes from those who are closest to us peer-to-peer, personto person, and within the strength of existing relationships and communities. This effort is our commitment to nurturing and strengthening those connections.
It's about investing in community-led approaches that are grounded in local knowledge and lived experience. It's about building stronger networks of peer support where people can find understanding, encouragement, and belonging. It recognizes that help, specifically mental health, is not only delivered through formal systems of care, but through the trusted relationships that sustain us every day.
And it means listening to and supporting the people who are already doing this work, often quietly and with very limited resources. At the Rita Hall Foundation, we see our role as helping to create the conditions for that work to thrive. That includes funding alongside supporting locally led partnerships, strengthening existing capacity, and committing to long-term collaboration and shared learning. We know that trust cannot be built quickly and we know that impact especially in mental health and wellness takes time.
That's why today's investment is so important. It provides the stability needed to be move beyond short-term responses and toward sustained communitydriven progress. It also very much gives us a strong foundation on which to continue building together on the government of Canada's initial investment in honor of her excellency's service as governor general of Canada.
So we look forward to working with in partnership with northern communities including Inuit leadership and organizations across Inuit Nunat. This work will be shaped and guided by your leadership and knowledge. Our role will be to listen carefully and to provide support where it is most useful. So we see this as an open invitation. There's very much room here for others to join from philanthropy, from the private sector, and from across civil society.
The opportunity is before us to support something together that reflects the strength, knowledge, and resilience of northern communities. Your Excellency, as I mentioned, your legacy is one of listening deeply, creating space for underrepresented voices and acting with purpose on what you have heard. Through Aayuinata, we will carry that forward with purpose and with humility.
And thank you everyone for being here with us today and being part of this important work. Merci. Thank you.
Thank you, Teresa. Now, please join me in welcoming chair of the Rita Hall Foundation, Robert Pritchard.
Your excellency, excellency, prime minister, uh friends, all present, uh I have the privilege of offering the these last very brief uh words and it's my honor to speak on behalf of the board of directors of the Rita Hall Foundation, which I chair.
Your excellency, thank you for your long distinguished service to Canada and congratulations on this important announcement today. And thank you for vesting your trust in the Rita Hall Foundation to partner with you in realizing the full promise of this legacy initiative.
This work to support you lies at the heart of our mission and your joining with us vindicates the original vision of our founder, the right honorable David Johnson.
I'm so pleased that you're here today, David, to see this realization of everything you imagine for the foundation.
Your excellency, you've been a wonderful, wonderful and inspiring supporter for the foundation. We thank you very, very much for your friendship and your service. And to you, Prime Minister, thank you also uh for your remarkable leadership of our country in challenging times. and thank you for your confidence in the Rita Hall Foundation to be strong stewards of this legacy gift, working to support her excellency as she addresses this compelling issue of mental health in the north. We're honored to be asked by you to play this role in strengthening Canada and we welcome any further assignments you have for us in the year.
and to our friends and benefactors, partners, staff and directors, all present today. Thank you for all you do uh to make possible the nationbuilding work of the Rita Hall Foundation. It's hard work, but it's worthy work and I thank you all for it. And I particularly want to recognize our leader, Terresa Marquees, for her leadership. Teresa, this day wouldn't have happened but for you. Thank you and congratulations.
Thank you, Mr. Pritchard. Now, we're in for a real treat. Uh, please join me in welcoming Sylvia Clutier and Beatatrice Deer for a very special performance.
Nomi, hello.
I've known Mary my whole life. I never knew you professionally.
I've known you as a fellow Kuchio. Um, you've always been a very strong woman and influence in my life, in our lives.
And I want to thank you for being a very brave and strong Enoch woman for us to look up to and also for us to connect with. It was really beautiful to see someone like us in your role who understands our community and who understands that we come from the strongest survivors in the world.
And yet we are losing our young people very fast. And for you to create the space for us to talk about our traumas and how we have to take care of our mental health means a lot to all of us.
It really does. It feels like we have hope now that we can move forward because somebody can understand us and listen to us and bring the work forward.
So neme I also like to take this opportunity to thank you.
This is now this is true reconciliation because we struggle so much in the north.
Indigenous people struggle so much and it's long long long ago from colonial colonialism that has brought each each generation becomes heavier in the struggles. But this is hopeful now because now there's going to be funding.
Now we're not just going to try and help each other. We help each other. Yes, it makes a difference. But now there's funding now. Someone is listening.
>> So, um, it makes me very emotional because this is going to make a difference. We may not see the difference right away, but it's going to make a difference for the future, for us, for for all of Canada.
Watch out.
like the strong women from our communities in Nunavik, our elders uh faced they were very brave in singing at a time where si our songs were actually discouraged to be sung and because of them we get to sing. We get to sing for our whole lives and we get to sing for our children. And now our our kids are singing as normal as it is to um go to school or eat your breakfast in the morning. It's it's normal and it's embraced and celebrated. So I want to honor the women who taught us how to sing from Nunavi.
>> And we're singing in front of the prime minister of Canada, >> which by the way, can can I say that there's a there's a inside joke in my band. Our guitar player looks like you.
So we were we we travel around the north and and kids and kids are saying, "Hey, Mark Cartney, Mark Cart anymore."
>> Anyway, it's a it's an honor to meet you.
>> We'll have to sing with him too one day.
This song is Anor, the wind. Let the wind blow as it should, as it goes. And we go with the flow of the wind. Anor easy.
Danger easy.
Heat. Heat.
Yeah.
Well, And because we are from Kuch, we're going to sing the riverfall.
>> I'm not from Kucha.
>> I'm from >> I'm sure there's a river nearby.
>> Yeah. There's a little freak.
>> There's a river right here.
>> Yeah.
A bump.
A bump.
Ah, when Enri used to live a nomadic life, we lived in these snow homes, ilo and There was a time where a family lived and the little puppies they they stayed in the porch and one day there was a terrible blizzard. It was very very very strong. So everybody stayed inside and the little puppies that were in the porch, they all huddled together to stay warm. And then all of them froze. They died except for the tiny little one in the middle.
So the little girl took her puppy and she put it over the hul to warm it up.
And as it got warm over time, the dog started making little sounds.
And this is where the song, it's known to be the oldest throat song that we have.
melon. I'm all I'm command.
I'm all I'm all murk man.
Thank you. Um I thank you.
I don't know how many women can say that their piece was worn to the coronation of the king. And I'm absolutely honored that you gave me that.
And I really enjoyed coming over to Reed Hall with the porcelain, the China tea.
And it's it's it it's amazing what you have accomplished in your life. And you were you're humble and you do it all with the people in your heart. You don't just do it for yourself. So, we were very privileged. All of Canada was privileged to to have you lead. Hey, Whit and Whit by your side.
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EBM election commission 9% belt paper belt Thank you Gerence USD And why I'm saying this? Let me just tell you Donald Trump and it's very important message.
Let me share it with you.
Give me one minute.
Donald Trump.
Iran must agree that they will never have a nuclear weapon or bomb. The Hormus straight must be immediately open. No tolls for unrestricted shipping traffic in both directions. All water mines bombs if any will be terminated. We have removed through detonation numerous such mines with a great underwater mind sweepers. Iran will complete the immediate removal and or detonations of any mines that are left which will not be many ships caught in the strait due to our amazing and unprecedented naval blockage which will now be lifted.
So Safka ships caught in the strait due to our amazing and unprecedented naval blockade which will now be lifted may start the processing of heading home.
Say hello to your wives, husband, parents and families from me, your favorite president. The enriched material sometimes referred to as nuclear dust which is buried deep underground with virtually collapsed mountains caused by our powerful B2 bombers attack 11 months ago. sitting on top of it will be unearthed by United States which it has agreed is the only country along with China with the mechanical capability of doing so. So, China is the only country along with China with the mechanical capability of doing so in close coordination and conjunction with the Islamic Republic of Iran plus the International Atomic Energy Agency and destroyed. So, United States in close coordination with Iran and I aa international atomic energy agency destroy or China mechanical capability no money will be exchanged until further notice other items of far less important have been agreed to. I will be meeting now in the situation room to make a final determination. Thank you for your attention to this matter, Donald J.
Trump.
So, it's clear now money exchange until further notice until further notice.
So, other items of far less importance have been agreed to.
I will be meeting now in the situation room to make a final determination.
Final determination.
Believe Donald Trump.
Donald Trump seems like going to make a final decision to stop this war.
Let's see. And uh let me just check on the Middle Eastern media what they have to say. What what are they saying?
So right now what we can you know get from this statement that now there's a meeting going on happening now in the white room white house situation room to make a final determination on a potential US Iran deal.
So as per trait of vessels traveling to and from Iranian ports will now be lifted and uh Iran will also are going to remove mines and commit to allowing the removal of enriched material under the watch of IA and uh with the technical help of China or mechanical or technical what did you say mechanical capability So let's see how the things are going.
Let me just check on the what the Middle Eastern media is saying about this.
So there's no other news from the Middle East or any Iranian news network.
But this is clear.
This is clear that the deal seems like in the final phase.
Seems like it's in the final phase.
So we can we can you know uh consider it as a demand as well.
So let's wait for the what is coming out from the situation room. The situation room.
So this is the biggest breaking now which you US President Donald Trump is claiming right now that there's a final determination on the peace deal is going on in the situation room of white So that means Trump is lifting the naval blockade seems like.
Let me take you to the state of Hormos directly to the state of Hormos and there's a quite activity happening on Bundaras as well.
The state of hormon live.
That's what Donald Trump has shared.
Let me check.
I'm also waiting for China's foreign minister's Canada visit as well.
I haven't heard anything.
So there are only few things if decode that Iran must agree to no nuclear weapon that is the first thing US or blockade will be lifted That is the second thing.
No tools and the enriched material should be destroyed. That's all.
Three things.
So it's interesting.
I'm waiting the IRGC uh IRGC's response on this.
There is no other information is in the final phase. Everyone is waiting for that.
White House Navy.
Let me just check. I think White House on the same information which I have shared with you.
Iran must agree that they will never have a nuclear weapon or bomb. I will be meeting now in the situation room to make a final determination.
So that means that things are going in right direction.
A white house sponsor And there is a news in financial times where they said that uh the director general of international atomic energy agency Rafael Gi has told that Kazakhstan proposed that they can take Iran's highly enriched uranium stockpiles.
I'm not sure how this thing going to unfold it.
situation room. I can't say what is going in the situation room. Let me just take you to the live.
Let me take you to the White House live.
SW on direct Mark Carney.
Negative is excused for Mark Carney.
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They pay. They check the I'm just going to be very blunt because this is the fact. Mark Carney is now the only leader in the G7 to have plunged his economy into recession.
He's been prime minister for four quarters now. The economy has shrunk in three of those quarters. He's the only G7 leader who can say that the economy is smaller today than when Mark Carney became prime minister a year ago.
He's the only G7 leader who can say that he's been u Mark Carney uh will like to make excuses today. But let me ask him a question. But before I do, I'm going to actually quote back to him something he said to one of you.
Mark Carney said to one of the journalists, Rosie, look inside yourself.
Well, I'm going to ask Mark Carney to look inside himself and I'll ask him directly. Mr. Carney, if it really is global factors and tariffs that have given Canada the only recession in the G7, why have France, Italy, Japan, Germany, the United Kingdom, and the United States all avoided a recession?
They all have the same tariffs and same global factors. Yet none of them, not one, is in recession. Only Mark Carney has the distinction of leading his country into a recession.
Now, we know that there will be a lot of excuses today, but excuses will not put food on the dinner table of the 2.2 million people relying on food banks.
Excuses will not get the jobs back for the 120,000 people who've lost them, as Canada has the second highest unemployment in the G7. Excuses will not allow a young couple to buy a home, as Mark Carney has given Canada the worst housing costs in the G7. Excuses will not help the mother who is tossing and turning in bed at night wondering how she will make her mortgage payment as Mark Carney has made Canada the most indebted household given Canada the most indebted households anywhere in the G7 according and by the way Mark Carney will claim that this is just technical there's nothing technical about having an empty stomach because you can't afford paying the worst food inflation in the G7 there's nothing technical about coming home from work and telling your kids that you no longer have a job and that they're going to have to sell the house because Canada has the second highest unemployment in the G7. That is not technical. It is real. This is a fullblown Liberal recession. And it's not just one or two little data points that caused this, my friends. It is one of many data points that we see today.
For example, in the last few weeks alone, we have fact after fact showing that the liberal economy is collapsing.
I'm going to quote from Equifax.
Insolveny volumes have increased to levels not seen since 2009, up 19% year-over-year. Delinquency rates climbed 32% year-over-year.
In the first quarter of this year, insolveny volumes hit a 17-year high, partly due to escalating financial strain on mortgage holders, and one in 1.5 million Canadians missed a minimum debt payment in the first 3 months of this year alone. Then there's the investment numbers which came out just yesterday. They show that in the first four quarters under this Liberal prime minister, Canada saw $1.9 billion of investment flee. That's $20 billion more than entered our country. That's a net $20 billion leaving our country to build pipelines, mines, homes, bridges, technology in other countries for foreign businesses and foreign workers.
>> Shame. Again, we cannot blame foreign factors for that because the other countries to which that investment fled are facing the same foreign factors. So, no more excuses, please. We actually need results. Furthermore, we know that that the prime minister is fond of doing illusions of action, but here is the core reality. After a year in office, what has really changed in our economic policy? Every anti-development law remains in place. C69, C48. He's increased this the industrial carbon tax six times higher than it was when Justin Trudeau was in office. Home building has actually dropped and in many provinces the GST still applies to that home building. He's renamed, not eliminated, renamed the consumer carbon tax. And there are 500 economic projects waiting, some of them for years, just to get through the liberal bureaucracy uh permitting system. Now, we know what won't fix this. Dazzling speeches at the World Economic Forum, clever sounding corporate buzzwords, signing fake and uninforcable and grand halls with stately backdrops.
None of these things will reduce costs or boost growth. announcing projects that were approved many years earlier or making sky in the pie pie in the sky promises like he's going to double electricity production 25 years from now with no details on how all of these things are illusions. They give the impression of action, but in reality all of the policies of Justin Trudeau remain the same or they have gotten worse. The deficit is doubled. Spending is higher.
The only spending that has not gone up is capital spending. Precisely the opposite of what Mr. Carney promised.
The only way out of this liberal recession is to reverse the policies that stop that that caused it in the first place. And that is why we are calling for the prime minister to get back in the House of Commons next week and introduce a bill to reverse all of the ne the economic policies his party has introduced over the last decade. We don't need more photo ops, more signing ceremonies, more discussion papers. We need to reverse the liberal policies that have given Canada the only recession anywhere in the G7.
Conservatives have put forward positive plans to unleash our growth, including a real plan to incentivize the Americans to sign on to tariff-free trade, eliminating capital gains tax on reinvestments in Canada, ending the industrial carbon tax. In fact, cutting taxes on work, energy, home building, and investment, making Canada the fastest place anywhere on Earth to get a permit, the freest economy in which to trade, work, invest, and get a return.
Let's restore the promises of this country. Where anybody who gets out of bed in the morning can find a terrific job. A job that gives them a great paycheck. That buys affordable food and homes. Where our young people can afford to start a family. Where our parents can afford to give their children the best start. Where our seniors retire in peace and tranquility. And where our economy is truly independent, self-reliant, standing on its own two feet. That is the mission. Now, let's turn it into action. Thank you very much.
>> Thank you. We'll now take questions from reporters. Please identify yourself and your outlet. One question each.
Wall Street Journal.
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Mr. Make America great again.
Yes. I well over three months ago, I presented a plan for tariffree auto trade with the United States, bring back the 1965 auto pack, which would massively increase production in both Canada and the United States, and actually achieve the stated goals of both countries. Since that time, Mark Carney has been been nowhere and done nothing. While the Mexicans are at the negotiating table eating our lunch on auto negotiations, Mark Carney has not shown up for one negotiation so far. Uh the result is that our auto sector is hemorrhaging jobs uh under his leadership. In the last 10 years, we've lost half of our auto production and now we're losing even more. Um, but because Mark Carney has done literally nothing to fight for tariff-free trade on autos over the last decade, we've lost even more auto jobs. And one of the facts that the statistics Canada reported that led to us being the only country in the G7 in in recession is the decline in the auto sector. And yesterday, Mark Carney gave a baffling, confusing, and contradictory speech in which he simultaneously said, "We need a rupture with the United States and that we need to make America, in his words, great again." So his elbows are up and down so fast he's doing a rhetorical chicken dance while we lose our auto sector.
>> Hi. Hi, Mr. Polyv. Uh, hi Mr. Polyv.
Raheem Muhammad from the National Post.
Um, Mr. Mr. Paul, you said that you'll be uh campaigning across Alberta uh for a United Canada. Uh can you give us an update on any visits uh that you have scheduled back home in the next few weeks? Uh and are you uh open to debating uh folks like uh like Keith Wilson and some of the other prominent Alberta separatists?
>> We will be back in my home province of Alberta to campaign for a united can country. Uh and our message is that all of Canada needs to wrap its arms around Alberta. Let's ensure that every Albertan knows that Canada loves Alberta. The Canada is Alberta. Alberta is Canada. We need to have a strong united uh nation right across this na this country. Uh, and that uh that will mean um a stronger province of Alberta, but getting out of the way and off the backs of our energy sector, getting rid of the gun grab, locking up criminals to bring safety to our streets, allowing young Albertans to start families with affordable homes, uh decentralizing control in the country so that Albertans have more direct uh decision-making power within their uh provincial boundaries. That is a positive, optimistic, unifying vision that I will be presenting to all Albertans in all coordin corners of the province.
Minister, Mr. Brookkefield, Brookfield.
Canada.
Mark Carney. Foreom in China, human rights abuses in China.
Of course not.
He won't do anything to make um Beijing unhappy. Um a year after Mark Carney said that China was the single biggest risk to Canada, he claimed that we were going to have a full rupture with the United States in favor of a strategic partnership for a new world order with the dictatorship in Beijing. Um of course, Mr. Carney is in a terrible conflict of interest. Uh he went and got a $200 million loan for his company from a statebacked Chinese bank while he was the economic adviser to Justin Trudeau.
Uh that loan is still owed, my understanding is by Brookfield, which the prime minister is continues to be invested in. He allowed Brookfield to be at the table for discussions. So Mr. Carney has got to be clear that he should represent Canada's interests, not his corporation's interests. uh we want and maybe one of the reasons why Canada is the only G7 country in recession right now is because he is miscalculating on trade just like everything he else he's been wrong on every economic question over the last decade and Canadians are paying the price he was wrong on carbon taxes wrong on keeping half our oil in the ground wrong to oppose a pipeline to the Pacific wrong to support money printing inflation and now he's wrong in his trade priorities. We trade we sell 20 times more to the United States than we sell to China. That's just a mathematical fact. And Mark Carney's Brookfield interests in China won't say won't change that. We need a prime minister who's fighting for our workers in this country. We should have the best economy in the G7, not the worst.
>> Sorry, Mr. Pol, just to jump back to the economy real quick. Um, in Q3 2025, the economy grew at an annualized rate by 2.6%. We have economists saying that today's numbers are so nominal they could be forecasted away and revised away. So, aren't you jumping the gun a little bit calling this a full-blown recession?
>> Right. So, um I know that there's a lot of uh excuses being made for Mark Carney today and I I'm not surprised. By the way, which outlet are you with?
>> Is 2.6% economy growth excuse or is that just the numbers?
>> It's actually there's no 2.6% economic growth. The economy, if I could, if I could. So, so you're having to go back.
How many quarters are you having to go back now?
>> Two quarters.
>> So, you're having to go back. Okay. So, let's get this straight. There's been four quarters since Mark Hardney became prime minister. The economy shrunk in three of those four quarters. Canada is the only G7 country for which that is the case. There's now been an entire year of Mark Carney that is recorded in economic data and the GDP is smaller today than when he took office. That is only true of Canada among G7 countries.
And now there are two back-to back quarters where the economy shrunk, which is the literal definition of a recession. Canada. And by the way, it's not just that our economy is shrinking quarter after quarter. It's that we have the second highest unemployment in the G7. You think that the You think that the hund 120,000 people that lost their jobs since the beginning of this year call this just a technical recession?
No. They call this real job loss. And then you have the delinquency rate that is up 32% year-over-year at 17year highs. We have the highest household debt of any country in the G7, the worst housing costs of any country in the G7 for most of the last year. the mo the worst food price inflation of any country in the G7. So yes, you are making excuses and trying to hide from the reality that Mark Carney has given Canada the worst economy in the G7. And it's time to stop making excuses, not for political reason. It's time to stop making those excuses.
>> Hi guys, imagine this. a million years ago to and empty bank accounts. Behind these numbers are 120,000 people who have come home to their kids saying we can't have you registered for hockey this year. We have to sell our home. I don't know what we're going to do. That is the reality of Mark Carney's economy and it's trying to stop covering it up with illusions.
>> Good afternoon, Pierre. Pierre So Pierre on national defense pier >> I will get your question but I just have to get this >> on national defense yesterday Kanzek the conference concluded and both of your former colleagues in Aron and Peter Mccay sang praise of the government's shift of national defense policy under Mark Carney's leadership what do you make of the shift of that national defense strategy and procurement specifically and also do you believe you're losing ground to Mark Carney in an issue like national defense to the progressive conservative flank of your party? No, the the uh what we've seen is a lot of illusions from Mark Carney, a lot of spending on bureaucracy, on procurement and on consultants. A lot of big corporations will get very rich.
The problem is that the money is not reaching the equipment in the hands of the soldiers. Uh it is uh we we 100% support more military spending, but we want to turn that spending into better equipment and better results for our soldiers, not more expensive bureaucracy, more confusing procurement and more profits for uh multinational defense contractors.
>> Influence over office which reporters can even ask questions. Yeah, >> I think it's very troubling. I mean, the question for those who couldn't hear is that uh Mr. Carney has decided to protect uh the um minister from Beijing by not allowing media to enter the room and only to release state photography of the meeting. And that's how things are done in Beijing. And now Mark Harney is importing those methods here. Even one liberal commentator on CBC, Althia Raj, said that Mark Carney has an authoritarian streak. Um, but uh I would remind him that he's supposed to work for Canadians, not for Beijing, not for Brookfield and its Chinese investments, and he should open up and actually take questions from the media like I'm doing here today. And by the way, he should actually show up in the House of Commons and answer questions there.
We see that uh Mark Harney can't take difficult questions because his illusion shatters under any scrutiny. Um but that is not how Canada works. We are a free and open democracy, not an authoritarian state.
Eco Canada.
Thank you. We have time for one last question.
>> That we are an independent and sovereign country. We should be willing to talk and trade with China. It is a brilliant civilization with hardworking, decent people, but we have to do so with our eyes open. This is a dictatorship that Mr. Carney himself acknowledged was the most the biggest threat to Canada uh only a year ago and our interests in Canada are in being sovereign, self-reliant, and standing on our own two feet, ensuring that we have full control over our technology, our economy, and our minerals. So never will we be vulnerable to the to the aggressive instincts of a foreign dictatorship.
>> We've not proposed that. We think that uh the government should focus on reducing the cost uh of uh of government spending. It should un unleash free enterprise so that our small businesses, our workers, our investors can make Canada the richest and most affordable country anywhere on earth. One more question.
the government.
>> That's a very good question. Um, first of all, we should allow the savings that come as a result of AI to be passed on to consumers. They should not be inflated away for through more money printing. Uh second of all, we cannot allow the government to use high-tech companies as a surveillance arm of the state. That's why we're fighting against the changes proposed in C-22. We're very worried about excessive government power for surveillance and for control of the population. We need to have a free and open society where Canadians can use the tools that AI offers to make their lives affordable, empowered, make their paychecks bigger and their lives less complicated. At the same time, we need to make sure that the government does not abuse that technology for its own control. Thank you very much.
Goss.
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Canada relations with good morning.
I have visited you in China twice in the past seven months.
Beijing minister.
Our leaders set out a clear and ambitious vision for our reccalibrated relationship. It includes elevated engagement and cooperation on trade and investment, energy, finance, public security and safety, and people-to-people ties. At the same time, each of our countries must address critical issues and priorities to ensure the safety and security of our peoples.
Canada is focused on growing our economy and diversifying our trading relationships.
The Canada China economic relationship is significant. Total bilateral trade between our countries reached $125.1 billion in 2025.
We are committed to growing this relationship responsibly with a goal of increasing exports to China by 50% by 2030 while safeguarding Canada's economic and national security interests and values.
Over decades, Canada and China have shared a rich history with deep people-to-people ties. And today with your visit we are building on more than 55 years of our diplomatic relationship.
Canada in conclusion is committed to deepening engagement with China in key areas. Of course there is more work ahead. We have momentum to continue this work together. I look forward to our conversation today.
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Foreign Ministry spokesperson Len, Foreign Affairs Minister, Foreign Ministers So he met approximately 18 foreign ministers multilateral meeting bilateral meeting with fellow foreign ministers and meeting with the US secretary general FM Wong Ye met with 18 FMs in New York on the sidelines of the UN security council high level meeting and the group of friends of global governance meeting May 26 to 28 I think so Indonesia Kyrgystan Thailand Colombia Argentina checka Costa Rica Serbia Cambodia trained air and Tobago uh Turkmanistan, Cuba, Portugal, Pakistan, Norway, Panama, strongly Pakistan Mr. Shark Darham Secretary Rubio Rubio Secretary of You know geopolitics I believe as a mediator latest information he did not mention Pakistan's name in that so that's the picture which has been shared by secretary Marco Rubio as well as ministry of foreign affairs of Pakistan the deputy prime minister and the foreign minister senator Muhammad Ishak dar held a bilateral meeting today with US secretary of state Pakist Marco Rubio in Washington. The two leaders expressed satisfaction over the positive momentum in the park US bilateral relations and exchanged views on the evolving regional and global situation. Secretary Ruby acknowledged Pakistan's sincere diplomatic and mediatory efforts for peace and stability in the region and beyond. The two sides agreed to strengthen the bilateral cooperation in areas of mutual interest including trade and investment, security and counterterrorism. They also agreed to advance park US partnership propelled by high level exchanges and shared interests in regional peace, security and prosperity which I'm going to share with You guys video audio actually.
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>> Hi everybody.
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BC, Conservative Party, Conservative Party of BC, the Conservative Party of British Columbia.
Leadership leader wrapped up John Rustard.
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Black journalist Richmond if I'm not wrong conservative leadership Over 25,000 or roughly 97% of verified members have voted new leader to be announced Saturday evening.
That's a wrap.
And that's a wrap.
Voting has closed. This campaign began on Thursday, January 15th, with a room full of hope, energy, and belief in a better future for British Columbia.
Since then, I have had the incredible privilege of traveling across our province. Meeting members in every region and hearing the same powerful messages message, people are ready for change. I want to say a heartfelt thank you to the incredible members of our party. And to everyone who took the time to vote. Your participation, encouragement, and belief in this campaign mean more to me than I can say.
The result will be announced tomorrow night. Together, let's get BC back on track. Ela Black Finley, former MP and my fellow BC conservative members, I want to thank every single one of you who took the time to cast your ballot in this leadership race. Your anticipation and support means support mean more than you know. The result will be announced this Saturday evening at our leadership election night event. I invite you all to come out and join us as we celebrate the democratic process and look forward together for the future of our party and our province.
Yes, Caroline.
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Caroline Elliot will know voting is over and I want to say thank you to my team to my volunteer to the member. Win or lose I'll do my part to defeat the NDP and elect a big strong conservative majority government.
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Carolyn.
>> Well, voting is officially over and tomorrow's results will get a lot of attention. But for today, I just want to say thank you to my incredible team who worked tirelessly and who I'm proud to call friends. To the volunteers who put in countless hours day after day. To the everyday British Columbians who came out to my events, who sent hundreds and hundreds of messages of support, who signed up as members and cast their vote. Thank you. I don't know what the result will be, but I do know we've given it our all. And I'll do my part, win or lose, to defeat the NDP, to elect a big, strong, conservative majority government, and to keep fighting hard to make BC everything it can be.
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Election BC has completed its investigation into potential violation of the election act in the Surrey Guilford Electoral District during the 2024 provincial election and found no evidence of any deliberate attempt to violate the act investigation.
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So that's the information which has been shared by the election BC election clear election BC has completed its investigation into the potential violation of the election act in the Sur Guilford Electoral District during the 2024 provincial general election. The investigation found no evidence of any deliberate attempt to violate the election act election investigations evidence. Election BC remains confident that the voting in the 2024 provincial election was free, fair and square. Election processes including vote by mail were admin administered in accordance with the election act and ensured eligible voters were able to exercise their constitutional right to vote. Election integrity is something election BC takes seriously and we review every complaint we receive. Given the public interest in this case, Election BC determined it was appropriate to release a public summary of the investigation. This summary provides an overview of the investigation but does not share any details that could unduly compromise an individual's privacy or compromise the integrity of the electoral process.
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BC's 43rd provincial general election was held on October 19th, 2024 following final count. The result in the electoral district of Suri Guilford SRG were close enough to trigger a judicial recount per the election act. At the conclusion of the recount, a BC Supreme Court justice declared Gary Beg elected. Gary beg cabinet minister BCNDP Gary Beg elected. Following the judicial recount, no candidate or party submitted a complaint about the process or outcome. However, on January 3rd, on January 3rd, 2025, election BC received a complaint from Onir Singh Reandhava, the second place candidate in SRG alleging violations of the election act in the electoral district. So Hungir Randava is from BC Conservative Party. Conservative Party of BC BCD Conservative Party or the Omir Varsi Hungir Singh Randava and then response to the complaint election BC opened an investigation into the allegation and informed Mr. Reandhava after election BC's investigation has commenced on January 13th, 2025, Mr. Andava filed a petition for an invalid election with the Supreme Court of BC.
Both the complaint and petition alleged number one incidents of multiple voting which is when an eligible individual votes more than one time. Second voting by non-resident voters which is when a registered voter in the BC votes in an electoral district they do not live in. multiple voting eligible, multiple multiple contraventions related to the vote by mail packages issued to residents of a care facility located in the electoral district, including voter intimidation, which is when a voter is pressured or forced to vote a certain way.
Vote as the allegations in the complaint and the petition were sub substantially the same. Election BC suspended the investigation to preserve the integrity of the court process. The court has legal authorities which election BC does not such as ability to compel witnesses and examine them under oath.
Second page as a nonpartisan and independent office election BC's role in the court in the court process was to serve as a neutral participant and provide factual information about electoral process electoral processes and legal interpretations of the election act. The chief electoral officer did not take a position on whether the election should be declared invalid. The supreme the Supreme Court petition was ultimately discontinued by the petitioner on December 23, 2025. At this time, election BC resumed the investigation.
So Supreme Court election investigation assess the allegations put forward in both the complaint and the court petition.
The investigation reviewed a substantial number of records including original and amended complaints and petition materials, witness statements, affidavits, prehering examination transcripts, election BC records and databases, investigation files, interviews and with witnesses and open source information. When assessing the allegations, Election BC centered principles of nonpartisanship, fairness, and impart impartiality with special consideration given to the Canadian Charter of Rights and Freedom.
Ultimately, voting is a right under the charter and elections BC will always protect an eligible individual's right to vote. The evidence available was sufficient to assess the allegations and determine there was no deliberate attempt to influence the election outcome through non-compliance with the election act.
Election BC takes election integrity seriously and we review every complaint we receive. While we do not typically release details of our investigations given the significant public interest in SRG and the false narrative and the false narratives that have circulated regarding this issue, we determined it was in the public interest to release a summary of the investigation. We will not provide details that could unduly compromise an individual's privacy or compromise the integrity of the electoral process.
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Good morning.
I have visited you in China twice in the past seven months.
Hong Kong Beijing Minister, our leaders.
set out a clear and ambitious vision for our recalibrated relationship. It includes elevated engagement and cooperation on trade and investment, energy, finance, public security and safety and people-to-people ties. At the same time, each of our countries must address critical issues and priorities to ensure the safety and security of our peoples.
Canada is focused on growing our economy and diversifying our trading relationships.
The Canada China economic relationship is significant. Total bilateral trade between our countries reached $125.1 billion in 2025.
We are committed to growing this relationship responsibly with a goal of increasing exports to China by 50% by 2030 while safeguarding Canada's economic and national security interests and values.
Over decades, Canada and China have shared a rich history with deep people-to-people ties. And today with your visit, we are building on more than 55 years of our diplomatic relationship.
Canada, in conclusion, is committed to deepening engagement with China in key areas. Of course, there is more work ahead. We have momentum to continue this work together. I look forward to our conversation today.
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>> Hi, Minister Dion. Amanda Connley with ipolitics.ca. Thank you for taking our questions today. Uh there there are no shortage of shortage of concerns about China's treatment of human rights advocates such as the Hong Kong book sellers and its detention of the Garretts. Uh not to mention the destabilizing effects of its territorial ambitions in the South China Sea. Given these concerns, why is Canada pursuing closer ties with China? How do you plan to use that relationship to improve human rights and security in the region?
And did you specifically raise the case of the Garretts during your discussions with the foreign minister today?
I want to make a response to the questions asked by this journalist about China.
I have to say that uh your question is full of prejudice and against China and uh arrogance where I don't know where that come from and this is totally unacceptable.
forchech.
I have to ask whether you understand China. Have you been to China? Do you know that China has lifted more than 600 million people out of poverty? And do you know that China is now the second largest economy in the world uh from a very low foundation? Do you think development is possible for China without protection of human rights? And do you know that China has written protection and promotion of human rights into our constitution? And um those who uh other people don't know better than the Chinese people about the human rights condition in China. And it's the Chinese people who are in the best situation with the in the best position to have say about China's human rights situation. So I would like to suggest to you that please don't ask questions in such an irresponsible manner and we welcome goodwill suggestions but we reject uh groundless or unwarranted accusations.
journalist Let me check here.
meeting second video.
And that's all.
There's no other information.
information uh US relation US relation let me just show you that that is also very important very important information the president which I have already shared with you.
Let me take you to first of all uh let me take you to White House.
Let me take you to White House first.
That's White House live situation room meeting situation room Donald Trump. I will be meeting now in the situation room to make a final determination.
News back to backrust Mr. Donald Trump is statement distrust.
Lincoln.
Iranian media, Iranian air defense, oil price 800. That is again a new information.
information just now.
Iran, media, Islamic Republic of Iran broadcasting Iran, Republic of Islamic Republic of Iran broadcasting This was the information which was shared by Donald Trump as well as white house.
This one white house and it was shared by Donald Trump himself as well information. I do have that information as well.
I've already shared it with you. This one Iran must agree.
Fast news agency news agency.
I R I Islamic Republic of Iran Broadcasting live I let me show you. We're going to go directly from here to I paste it. That's Iib page live Islamic Republic of Iran broadcasting.
Just give me one minute.
Iranian leadership name reaction.
I ID news.
Iranian leadership the reaction and it is very strong reaction.
What is that reaction? You can see yourself.
Islamic Republic of Iran broadcasting the official news station news outlet air defense was activated just 12 minutes ago. Live absolutely live.
air defense was activated. That was the first thing reaction Donald Trump statement. Iran foreign minister the spokesperson Iran during the Islamic Republic is different from Iran during the era of Shah regime. In the past 47 years, no foreign power, whether eastern or western, can use the word must when dealing with Iran.
Must.
Iran must.
So Iran must agree.
Iran the foreign ministry the spokesperson in last 47 years no foreign power eastern or western use the word must when dealing with Iran can use the word no one foreign power foreign minister spokesperson let's check the another ministry spokesperson No negotiations have taken place at this stage regarding nuclear issues with the United States.
No negotiations have taken place. What is Mr. Donald Trump saying?
Nuclear dust. If you look at the middle of this statement, quote unquote nuclear dust enriched material.
So can it will be unearthed by US in close coordination in conjunction with Iran plus IAEA and destroyed and destroyed.
But and they said categorically no new negotiations have taken place at this stage regarding nuclear issues with the United States. Third agriculture minister Gary in the past 3 months with intelligent market management not a single kilogram from the strategic reserves has been taken and the import process has continued according to the planned scheduled without any decrease.
So statement foreign affairs minister, foreign minister spokesperson and at the same time Donald Trump I don't know but this is what the situation is which I shared with you. So with that I'm going to take the leave. It's been more than 5 hours of this live programming. I will see you in the evening program now.
My humble request to all of you whether you're watching it on X on Facebook or on YouTube of News Derby, please like, share and subscribe and in case if you want to join, just send me a DM and we will definitely try to get in touch with you and uh we'll take you on air for your opinion as well. Thank you so much once again. and have a wonderful day.
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