The video sharply exposes how Canada’s regulatory hurdles and over-reliance on the US market have compromised its economic sovereignty. It serves as a necessary critique of a leadership that prioritizes political optics over the structural integrity of the national economy.
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Added:I'm Jim Czech.
>> I'm Renee Maryfield.
>> And we're here at Beyond the Balance, the best political commentary show on the internet, bar none. And we can say that with fact. With fact.
Um, we got lots to talk about. Lots to talk about. Um, we're later than usual.
We're on Friday.
But um Mark Carney was off in Evian there. You know where you get the bottle of water from. I guess France. He was there in France there. And um and Ian and I talked about it. It was a different Mark Carney. Like he definitely changes per audience, right? You know what I mean?
Like he's a he's a chameleon for sure.
He's an absolute chameleon cuz there he is in in Evian and he was just earlier in Ireland there and he was you know talking about you know uh ruptures and you know like middle powers and talking tough and everything and talking about climate change and you know how we got to do this and that and then he shows up in France there when Trump walks in the room and it's a completely different guy. No climate change doesn't come out of his mouth. He's getting chairs for for Mr. Trump and he's and he's um he's whispering in his ears, "Don't worry about the Chinese EVs. It's only 49,000 EVs. It's nothing to worry about." Fails to mention that Jolie is off there in China at the same time. Um and trying to get the Chinese to manufacture cars here. I'm just like, do they think that that the Trump administration is that stupid?
>> Yeah. And I think that it's not just car, you know, Carney thinking that the Trump administration is that stupid.
It's that Carney thinks the Canadians are that stupid. That, you know, Carney actually believes that we're not going to watch the news, that we're not going to listen to the speeches, that we're not going to see the the duplicitous uh narrative that he is forming. And it's not even duplicitous. I should say that it's like multimodal.
like wherever he is, he talks in a different language and he speaks different things. We saw that even as early back as his election, he would say something, you know, to the, you know, Kebeekqua and then he would turn around and say something different to the Albertans. So, this is not new for Carney. This is not unheard of for Carney. You know, he says elbows up in Canada and then he goes and literally, you know, um shoots butterflies and and rainbows to Trump in his office. So, it's not this is not unusual, but what's really really concerning to me is that the Trump administration has been watching this that the Canadian people have been watching this and are a little bit concerned. Um, you know, the Trump administration has made no no bones about it. You see the ambassadors saying, "Hey, look, you can't insult us 15,000 times and then expect us to roll up the red carpet for you." Um, you know, it's time for it's time for you to do a little bit of graveling and for you to come and and kiss the ring. Um, and I'm not saying that, you know, that we want to, but if you look at the posture of the, you know, the Mexican president, she is far, far better at maintaining a strong line, at knowing exactly what Mexico needs and wants and knowing how that fits with what the US needs and wants, which is why they are currently at the negotiating table and Canada is nowhere to be seen.
>> And Canada is in a recession. And the dollar we're going to talk about a little bit later. And the dollar, the looney is swooning as well, which is which is not a great place because that'll drive inflation as well. But that that like just from Ireland to Evian like it was like, you know, like I don't know like you ever watched that movie Cibil or whatever. We have all these personalities. It's like who who shows up here? Like literally though cowtowing because he you know he takes the chair over and he and he does that whispering thing. doesn't get an audience with with with Trump like a personal audience when you know almost every other country got that and then when they did the G7 photos he was like the you know Modi's standing in the front he's not even part of the G7 and you know he's basically like almost photobombing in the in the big photo op him and cure Starmer >> yeah the other thing that was that was really strange to me was his interview um about the agreement with Iran you know so you have a copy of it. Uh, well, yeah, I've seen it, you know. Well, can we have a copy of it because nobody's seen a copy of it, you know, like. And I just thought to myself, you are not telling the truth because you don't actually have a copy of it. You have maybe been briefed on what the contents might be, but you do not have a copy of it. And it's so disingenuous.
Um, you know, and then his like evasive language as it surrounds that was just like, oh, come on. Enough already.
Enough already. and hopefully the Canadian public see through that.
>> What was even more revealing because that interview you're talking about, that was Caitlyn Collins of CNN. Caitlyn Collins of CNN got an interview with Mark Carney. He only seems to grace foreign uh journalists with interviews.
Traveling on the plane there with him is David Cochran, CBC's number one guy.
Cochran's Cochran was basically a scrum guy. A scrum guy. And then and then the CTV's guy's there. Like all the Canadian media is there. No interview, nothing.
>> And then Caitlyn Collins gets an interview. And then I think Carney was he's he's a bit of um like he wants to be the cool kid because when he was talking about that that that seeing that document there, it was like he was trying to be part of the group just like, "Oh, I've seen Yeah, I've seen it." Yeah.
>> Yeah.
>> And she's like, "You've seen you want to be out of the know." Right. And that's um >> in politics knowledge knowledge is power. Knowledge is is part of what you need. And I you know in this particular case I just you know I sat there and I I watched it and I thought you know if you if you knew what was in there number one you would be more definitive and not even about telling what's in it. You would be more definitive about not sharing about it right? Like so the fact that he was like trying to leak it and you know leak certain aspects of it but not say it not actually say what it was in it I was just like oh you have no clue you've not seen it and you don't know what's in it. So and you know to be honest that took I mean that's that was the spotlight. We knew that there would be a lot of attention on Iran and and the US. We knew that there would be a lot of attention on the straight of Hermuz because that's where everyone in Europe is really focused on right now.
Um, but what isn't apparent was, you know, really a lot of other work that got done. What was the actual, you know, what actually came out of it other than Carney Carney said we should be actually getting our energy out to the EU. Um, which I found very ironic considering we've shut down everyone who's come asking for any sort of oil.
>> Yeah, I want to get there, but I did want to say one more thing on the media.
It really if if I was there as media, I would be so embarrassed of what Caitlyn Collins got and and and nothing. I mean, you'd have to start to think and like who are we in this? Like I I get that we've compromised ourselves, but like you've embarrassed us to no end by not providing us an interview. You've given an interview to to you know like a foreign press and you've done this all over. He sat down in in Ireland as well with someone and and and again Cochran's there. Cochran gets nothing. And they're just basically PR stooges at this point.
>> Yeah. Do you remember um >> No, not that yet.
>> Oh, sorry. Um do you remember what uh um it was the food professor that was commenting because he was actually at, you know, in Europe or something.
>> He was in Ireland, too. He was there, too. Yeah, >> that's right. That's what it was. And he was saying, you know, hey, you know, Carney seems to be well-liked but not necessarily feared.
Yeah, because he gets along with everybody. He's he agrees with everybody he's with, right? You know what I mean?
You know that person at a at an outing or whatever. But after a while, he starts like, "Huh?" Like he agrees with everybody, right? You know what I mean?
Like >> growing up, my dad used to have a saying. He said, "If you are every every person's friend, then you are no."
>> Exactly. That's like bang on there because because it's it's it's just what does he believe in? And I guess that's the bigger qu we interviewed Melissa Lanceman. He's they have no shame and they change their thing. It's all about power at the moment. The power in the moment really more for more so for Carney. It's power in the moment because there he is with with you know the president of the United States. And it was funny when Trump walked into the room there. Did you see that little clip when he walks in the room and he stops and he goes, "I'm the boss." And he has a big smile. He basically trolls everybody, right? I mean that's his that's his gift. He's a troll. And then uh but >> and he believes it. He believes it. He I I mean it's like what Steve Bannon said in the interview with Brian Lily right when he was elected. Believe him when he says things like that is what he is thinking. You don't have to worry about, you know, trying to interpret it because he's just that that upfront and that in your face.
>> And then if you're if you're, you know, you're the big dog, the middle power, the leader of the middle powers because, you know, like I remember when he was in Denmark there and they're just like you're the leader of the middle powers.
That was your big chancer. stand up and say, "Hey, you're not the boss. We're the middle powers." Because you're right, they listen. Pete Hegth called out Mark Carney there just recently and says, "The middle powers better start coughing up some, you know, money for their military, not just moving stuff around on a piece of paper."
>> Yeah, absolutely. The US is is not just watching, but is offended is offended by our actions and behavior. And they are they are in the power seat right now. um you know whoever cares more about you know the outcome loses and right now Canada has more to lose than the US >> and he's talking about energy and at the G7 like this this headline here from CBC G7 backs Canada's major global energy supplier to lessen reliance on straight hormones okay like thanks Sherlock Holmes or Captain Obvious but so here he is and in there he talks about energy and getting our our natural resources out to market and you think, "Okay, finally we're going to you can take that off." No, we're going to finally get something done because here he is. The G7 says we need it.
I mean, it's obvious. I mean, if one thing you get out of this show is energy is everything, right? I mean, it's just cheap, reliable, prosperity.
>> Prosperity.
>> Just if that's one thing, I mean, they could hire us to actually run their their energy program because I don't know what they're doing. And you thought, "Okay, finally gets it. Go ahead.
>> And that's the thing like that's the thing. Carney says a lot of things.
Carney says we need to be an energy superpower. Then he says we need to be be a green energy power. Uh a green energy power is very different than a super energy power. Very different. And super energy power does not mean that you don't do anything in renewables. It just means that that's not your focus.
That your focus is on being a superpower, not on, you know, one particular uh aspect of that. And you know, I'm a big believer, and I know I've said it before on the show, like talk is cheap, action is everything.
Believe what a politician does, not what they say. And right now, we have a politician that is running out of runway. In fact, I was at some board meetings this week uh with with some organizations, and the one thing I heard from a lot of my colleagues who are not necessarily as right leaning as what I am, a lot of them said, "Carnney's running out of runway. We don't have time anymore and we don't have a pipeline built. We don't have uh you know any sort of national energy agreement. We don't have any way or means of bringing provinces together. We don't have a single jurisdictional uh aspect of our provincial uh boundaries released uh which he said he was going to work on immediately at the speed of light. and he has, you know, bill 7 from last year that was supposed to give him all or bill CH 7 from last year that was supposed to give him these superpowers that uh he could expedite things which he has not used to do so. I actually heard via grapevine that the um that the major projects office is in absolute chaos that they've lost some of their board members that they've lost some of their participants because they're just fed up and like why would I even participate in this? It makes no sense.
So, you know, you look at some of the um at at some of the outcomes and it's very hard to find anything that Carney has actually realized in terms of of moving the energy agenda forward in Canada.
>> Yeah. If you talk about outcomes based Wow, that's crazy. Um >> I know, eh, mind blown.
>> Yeah. So, Bill C5, I think that's the one you're referencing, Bill C5, like the the god-given powers or that he gets powers like a god to move certain people forward in that. And then if you think about what's happening in the energy world right now, we we had a guy on our members show only here this morning that does he's done energy projects in 50 different countries and he said people are going to be shocked what's going to come out of Venezuela. He said they're moving so fast in Venezuela right now.
He said they're accessing the used market too for for you know like the equipment and and he said they're fasttracking stuff. He said they have 300,000 barrels going already and he said they'll be at a million barrels here right away. He said like they're going to be shocked how fast Venezuela ramps up. He said cuz ahead.
>> No, and I was going to say also um you know the the Middle East isn't waiting for the straight of Hormuz either.
They're they're they've got pipelines that are already and will be up in operational deal, you know, delivering a million barrels a day by 2027. By 2027, not in 2077. At some point in 2027, no, by 2027. So, you're talking in a in a seven-month time frame, they literally have a new pipeline that will be completed so they can bypass the straight of Hormuse.
>> Yeah. There's other South American countries looking to get production online as well. Venezuela is looking to get online. OPEC is falling apart. So that means less restrictions on on their flow of oil. Qatar, I mean, so UAE, like you just said, is building that pipeline. They're going to get their stuff to market. Iran, if this thing holds, is is likely now they have access to the deal is they have access to the world markets for unsanctioned oil.
That's a huge thing for them as well.
And then if this um it looks like maybe there's something going on with Russia and Ukraine and if Russia gets its oil back on the market, Canada may have missed the opportunity. May have missed the opportunity again and it would be just so so painfully hurtful to this economy.
>> We're just not ready. I mean, we need to be ready to take these windows of opportunity that present themselves and we're not. We're behind the eight-ball.
We're on our heels. We're not even on our heels. We're just not even playing the game, you know? We're not even off balance. We're just we're we're nowhere to be seen. So, I think if anything, the G7 to me signals that the rest of the world is saying, "Get get going."
>> Like, what is your problem, Canada?
>> Here's here's here's the problem right here. Here's Mark Carney in in Vancouver yesterday asked about a pipeline. Listen to this. And it's long and it's painful, but you need to hear it.
It's coming.
>> Kurt Black, City News. Also a question for the prime minister. Um I'm glad you brought up the G7 leaders there were quite favorable about the role that Canada could play uh in providing uh energy supplies to the global market. Um some analysts though have been kind of skeptical and whether just one new pipeline to the west coast, an oil pipeline would be enough to keep up with demand. uh is your government hoping to build more pipelines than the one that's being discussed with Alberta?
>> So uh thank you for raising that question because it it look it was significant uh and let me give the quick context and answer your question directly. Uh the first is that you always need to apply the lessons of uh of a crisis certainly a war a conflict.
One of the lessons of this conflict is might have been obvious to some going into it but it's certainly obvious to everyone now of the extreme risk created by the concentration and the risks of the straight hormuz there's a need to diversify uh energy infrastructure in that region itself I won't go into all the details but there was discussions of of of multiple pipelines and new energy infrastructure in that region so that the export in future would not be 100% % dependent on the straight hormuse and and very serious part and within that context the G7 and the broader partnership recognize the very considerable contribution that Canada and British Columbia uh can and is and will make uh to energy diversification.
Why do I say that? Yes, there's discussion as you know of a coastal pipeline and expansion of uh TMX uh two important contributors but LG2 silos wood fiber I mean these extraordinary uh projects that only Canada and I would say only Canada and British Columbia uh can can do uh which are indigenous partnerships lowcarbon uh LG trains so in other words the actual uh liqufification in that process is bestin-class top cortile top desile in some cases ultimately net zero and that's supplying energy to Asia but as we've seen in the last few weeks with the German deals uh uniper uh uh beyond the three uh megat tons that have been signed for silum also to Europe so there's an acknowledgement of all of that diversification last point uh there's also acknowledgement not in that sentence but in the discussions that we have an opportunity to double our clean grid in in this country. clean power grid. Of course, I'm in British Columbia where hydro plays such a crucial role, but we have other assets across country and in doing so we can be a clean power supplier first and foremost for Canadians in an affordable way, but also for manufacturing for artificial intelligence if that's appropriate.
That's what we want and that is a huge contribution to the world going forward.
So, yes, we have that opportunity and I'm pleased that we're working together on the clean power side. Think of the Northwest Conservation Corridor, the NC uh TL uh transmission line as one example there. Uh we're working uh in a way that for conventional energy is lowest carbon as well. So, thank you.
>> No, wake me up.
>> That is not that is not what they were saying at all. That is not like not even in the slightest. I mean, he starts out his whole premise by saying that what the straight of horm showed was how bad the risks are. No, what the straight of hormuz showed was we need we need other we need other oil sources. That's what it showed. Other oil sources, not clean energy, not infrastructure, not grids, not not, you know, clean like no, we need oil. That's what we need. And we need it off of the shores of every single uh you know border that we have.
And right now it's only going south and we need it going east and west and we need it uh to actually uh get to all of those other markets. So this is the worst word salad ever where he is trying to reinforce what they have proposed and what they have announced and it has absolutely no bearing. And the one other thing I will take exception is he says that we will have access to cheap green energy which is patently false. And if he has not been listening to all the CEOs of Senovas and Syncrude and Suncor well let me tell him like they are saying that all of our green bureaucracy and green legislation has made it more expensive and a non-p project.
I got a couple of thoughts that come to mind as I was sitting there watching that. It reminded me of when I was sitting in some of the classes there in postsecary and the prof was going on and on and I'm thinking in my head, why am I here? Like why why don't I just go and I can just study for the midterm or the final. This is this is wasting my time because you're not saying anything.
You're not saying anything of any value because it's and and you say the actions mean everything. Where's the actions?
Because that was a word cell. The guy asked a simple question. will we build pipelines? and he ended up three and a half minutes later down this road like amazing he didn't bring up wood pellets but down this this road of of like and especially right after the the the G7 when they say they want their energy right and it's fossil fuels they want and then he goes and he just and it's like he's talking to David Eie now he's trying to get David Eie to say yes this is what we want here and again it's the audience so David Eie is there in the audience with him and and he's appeasing David Eie But he he must not realize that this goes out to a much larger audience. But what it tells me, the other thing it tells me >> right now for shity, the guys at that you just mentioned the guys there at Sunorn and and Enbridge and Senovus and all those guys is like, yeah, we'll look to Venezuela. Maybe that's probably a better idea.
>> Absolutely. That's where they're going to look. They already are. You know, you talk to mining companies here and most of our mining companies, even the ones that are based in Colona or based in in Vancouver, they're working in Mexico, they're working in in Venezuela, they're working in the UAE. That like that's where they're working. They're not working here, you know, or if they are working, it's to a much much lower extent than what they would like to and much lower extent than what's possible.
So again, in our membersonly um we we do a membersonly video and we had a guy on that that's worked in 50 countries for energy and he said I might get the date wrong. I think he said it was 2016 or something that he said that uh he told his company no more projects in Canada.
He said other than that we have to put a 30% premium on them because just all the red tape and the hurdles we have to go through. He said it's just not worth doing projects in Canada. That was from a guy like working for a large company like GE. You know what I mean? Like that he's just saying we can't we can't we can't operate there because it's just strangulation by regulation and you just the final mile. We're going to talk about some of that stuff in mining. You you just get you're at the final mile and you could get kaoshed, right? Like I mean after spending billions of dollars you could get like shut down or or dragged through the mud or whatever.
It's just and look at this graph here.
This is from the Fraser Institute.
Who's that? Is that Alberta? Is that Alberta contributing the most?
>> What does Alberta have? What does Alberta have? You' think if you're the CEO of this company, >> Canada, you would say, "Huh, we should get that guy to do more. How could we get that guy to do do more? Unleash the beast, right?
>> Unbelievable.
>> Yeah, I would love to see that over the years. Like I would love to see how that like actually like grows, right? um to see if like BC grew quite a bit more before, you know, >> it used to be the one-two punch, right?
BC Alberta used to be that one-two punch, right? If BC Alberta used to do this thing, now it's just like this, right? It just kind of like stuck.
>> Well, and BC is incredibly well diversified. I mean, we do have oil, we do have gas, we do have minerals, we do have have forestry, but I mean, everything is pretty much uh yeah, sidelined at this point.
>> Yeah. and those speeches in in again in Evie on France there, he was talking about how America's our trading partner, America's this, America's that, and then he comes back and he starts playing these clips on his on his um I don't know who's running his accounts, like some 20-year-old influencer that used to do like flatlays or something, but watch this clip here.
We are in the midst of a rupture, not a transition. And the question for middle powers like Canada is not whether to adapt to the new reality. We must. The question is whether we adapt by simply building higher walls or whether we can do something more ambitious. We're engaging broadly, strategically with open eyes. We actively take on the world as it is, not wait around for a world we wish to be. Nostalgia is not a strategy.
But we believe that from the fracture we can build something bigger, better, stronger, more just. That is Canada's path. And it is a path wide open to any country willing to take it with >> new world order.
Make America great again.
>> Yeah, just like Yeah, that that lit that I'm glad you brought that up. He's standing there in New York. Make America great again. He's standing over here.
It's a rupture. He's standing over here.
Oh, we're going to make wood pellets.
No, no, we're going to pump oil.
>> Yeah, he doesn't he doesn't make any sense. I He like What is he actually about? Well, I'm gonna I'm gonna judge him by what his actions are. So, what is he about? Well, he just slammed through a bunch of bills without without due process, without actually operating inside of the parliamentary order and the parliamentary uh uh uh respect. Um, but what else has he done? Well, he hasn't shown up to QPS, you know. I love that that uh that one journalist who did the he's a global male uh journalist, >> David Atin. David Atkin did it. Yeah.
>> Yeah. You showed the three the three last prime ministers and how much they have traveled and how many times look at the percentage of NQP. And uh Carney was uh actually actually traveled just a little bit less than Harper did when we had the Afghanistan war going on. Um, but Harper attended three three uh times more QPS than what uh than what Carney did >> because he doesn't want to answer questions. He doesn't want to answer questions.
>> He doesn't want to answer questions. He doesn't want to answer questions from the media, the Canadian media who travel with him, and he doesn't want to answer questions from the actual parliamentarians who have been elected to hold him accountable. So in contrast and it might have a lot to do with that he doesn't have the same answer. Do you know what I mean? Because because if if you defend your position, you believe in your position like Trump will like Trump if if you walk in front of Trump, he loves the microphone, right? Bring the microphone over here. I got to talk, right? Like cuz he's defending his position all the time.
>> And if you looked at what JD Vance did, um it was a couple days ago. JD Vance went into the Witches of Eastwick den there. He went on the view. I mean, they literally hate, you know, like the Republicans, right? He went on the show.
He went on the show and he and and he was very calm and he and he talked.
That's how much they they treasure democracy there in the United States.
And he went on a bunch of other programs that despise Republicans and and he went on there because he knows he should, right? Because he's speaking to the American people. He's defending the position of the administration. And and in Canada, Mark Carney does not want to defend the position because I don't know if he knows what the position is. I'm not sure if he knows what it is because it can't be everything, right? Do you know what I mean? It's it's it's different to every audience. So, what is the position?
>> Yeah. And you know, someone said to me, and I I think I mentioned this on our last show, but someone said to me that Mark Carney is always thinking about his next gig when he starts his on the first day of his job. And you know, I kind of wondered like, well, what would be his next gig? you know, is it the UN, you know, secretary general? Is it like what else would he want? But, you know, you look at his actions and his actions actually say that he cares more about like a position of that nature than he does being the prime minister of Canada.
>> I think he wants to be the favorite sports guy. Like he want he's in interjecting himself into every sporting event he can find.
>> Yeah. But you know what I have to say like for FIFA and like on the world stage and we you know we're showcasing Canada. I'm okay with that. I'm okay with him being at that.
>> He was at the N he was at the NHL. He was at the CFL. He was at like he was at every event. He's interjecting himself into every sporting event that there is.
And um you know it' be okay if if if the if the pots on the stove aren't all out of control. Like focus on on the pots on the stove. Like the Canadian economy in trouble.
>> Yeah. And I would say that, you know, some of those uh some of that is probably his uh his communications team saying, "You need a less elitist a less elitist uh persona. So, let's put you at some of the games, you know, like that's just going to be like something that I could see a comm's team doing. He looks awkward. He doesn't look natural. He doesn't look comfortable because he's been raised raised at you know in the in the Ivy League uh you know Oxford circles that um that are very elitist and very condescending to anyone who is not.
>> He does not come across as authentic ever and that's you know that's a gift that um you know guys like Trump Rubio Vance have they have that that authenticity with about themselves.
Daniel Smith very authentic, right? You know the answer you're going to get from Daniel Smith, right? Daniel Smith, she doesn't change her depending on who she's standing in front of. Daniel Smith knows who Daniel Smith is and Daniel Smith will speak about it because she knows what her her focus is.
>> It's it's Alberta first. She knows everything comes back, Joe. Is this going to make Alberta better? That's what I'm going to do. Right. And she's also been very very direct about what she's gonna do to put Alberta first, you know, so she doesn't change her tune.
She gets asked by a reporter, you know, what do you think of the separatist movement? And she actually has a whole bunch of things to say about it, you know. She asks she gets asked about, you know, what do you think about um you know, about pipelines. She she's she calls it like she sees it. Why? Because she she is true to who she is. She knows what she's about. She knows what her electorate wants and she's going to get them there. Like that is being resolutive focused, but also, you know, results driven. I uh, you know, I love that Alberta was kicking everyone's butt on the, you know, on the mental health mandate. And I love it because they took a huge gamble, a huge risk in how they uh, you know, how they pulled apart all of the different aspects of their health care system. And I have to say like and give her huge props for how she's actually handled and and moved that forward. Um, you know, I was not a Danielle Smith fan until I watched her interview with Jordan Peterson. And after a 2hour interview, I literally could not disagree with anything I heard her say. In fact, I I usually listen to podcasts or or interviews like that on double speed. So, if you listen to me double speed, that's totally fine. But uh but I uh I actually went back and and slowed it down because I wanted to take some notes while I was listening to her because she had so many facts, figures and great perspective on how to move uh not just our her province but our country because of the the graph that you just put up from the Fraser Institute. When I saw that graph, I had the same thought. Yeah. What does Alberta have? They have one thing. Oil.
That is what they are doing. and their oil and gas sector when it fires on all cylinders, it absolutely produces not just for themselves but for the prosperity of the rest of the country.
>> I just you know if you think of the most powerful the most accomplished people in the world they understand who they are and they understand what the goal is and the objective is and that's that's the big difference. Take Elon Musk for instance you know what he's he knows what he's doing and he and he measures it against his goal. He measures it against what he's trying to do, right?
Should I be doing this? Yes or no?
Right? And that's Daniel Smith. But I I don't think Mark Carney knows who he is or what the goal is. Or if if I think their biggest goal is power. If you look at it from that perspective, how to gain power, how to hold power, then maybe you could explain away his actions because it's all about power in the moment, too.
Like when he's there with Trump, it's like, you know, I'm buddy buddy, I'm this, I'm that. Um, and it was David Eie. He's he's he's always looking for approval or power or something, but it doesn't sit well. And here's here's a piece on Koozma.
So, it's going to be a great game and I can't remember what the first part of your question was about.
>> Does Trump want to get rid of it right away?
>> I know. I know. Uh, no, look, I think uh look, I as you say, I had a number of conversations with the president in parallel in the last few days at the G7 on a range of issues including uh some of the commercial aspects. Uh the uh but you know, there were very detailed uh a series of technical conversations that slightly diminishes them. I just call it that way. But Minister Leblah who's responsible for this, our chief negotiator, Ambassador Greer, uh who is the US trade representative, uh we continue to work through a number of issues which are all related and all related. And what I I'll refer to is uh let me take Ambassador Greer's testimony to Congress on a variety of occasions.
In effect, the the underlying structure of KUSMA uh is has been preserved. it continues to operate for 85% of our uh our exports.
Um it without any action, it will remain in place for the next decade. Uh there's an opportunity to extend it. There's always been the opportunity for any of the parties to cancel it with 6 months notice. Um, it's no secret the president in recent years has not been the biggest fan of of Kisma or other uh other trade deals, but there are specific things that we can work together on and including I I'll just put on the table since we're in British Columbia and we're talking housing on forest products uh which we continue uh to press with the Americans. Thank you.
>> Say what? What?
>> No idea. And honestly, I mean, >> the president was about Koozma. I have to say, like he says, I don't like the deal. I don't know if I'm gonna sign it.
There is nothing for him to sign right now. So, Carne is right about that. Uh that there is nothing to for him to sign right now. Having said that, he could tear it up. And if he has something that, you know, from Mexico, he could tear it up and say, "Actually, we have no deal." Um, you know, would he give six months of notice? Yeah, sure. he would give six months notice, but the expectation is that it's under review as of July 1st. It was supposed to be reviewed and Canada's not at the negotiating table right now.
>> Tough to get a review if you're not even sitting at the table, right? And and >> yeah, go ahead.
>> I want I want everyone to understand just how big this is. If we don't get a koozma renewal, if this does not actually um take place, Canada has 85% of its goods and goods that are actually at stake. So while Carney uses the 85% to say we're in a good place, I could also use the reverse. We are in a very scary place right now because if KUSMA is reversed or is not abided by, we could be in a very dangerous place.
There's always been already been whispers that that that the US is going to ice us out of it. Um largely because they're finding us in default of it. So that has already been whispered about um the whole slave labor aspect. you know, if we're found uh to have goods that, you know, were were created with slave labor largely um to protect against China, uh and obviously we've got Chinese uh cars coming into our, you know, our our borders, um we're going to have a huge issue and the US is telegraphing that and the US is telegraphing that they don't like the deal and that they want a different one.
And Trump, just believe what he says. Do not do not try and understand any any nuance because there isn't any.
>> Yeah. And the problem is it's all the halftruths like when he was bent over there talking to whispering to you know that on that hot mic they're whispering to Trump just don't worry about it. It's it's 49,000 EVs. That's it. You know that's a cap. It's it's you know like and Trump's like and he's like I thought you'd like that. And he's like I like that. And Trump said like I don't know what I'm like you know what I don't even know what he's talking about. Right. But he leaves out the other part of the story like you know old Paul Harvey used to say and now for the rest of the story you know you remember Paul Harvey for the rest of the story. The rest of the story is Melanie Jolie at the same time is actually in China in China negotiating with Chinese EV makers to manufacture EVs in Canada.
>> Yeah.
>> If he would have said that to Trump that probably would have lit his hair on fire, right? He would have said, "Get away from me." Right.
>> Totally. Totally. And like it the US the US is watching what we're doing. I mean, this is not this is not a mystery. This is not something that we can hide from them. So, it's uh it's not looking good for Canada right now.
>> Tiff Mlin said, "If we don't get a Koozma deal, if we don't get a continuation of this deal, this could be a nightmare scenario for Canada." The PBO just said it the other day, just said like this is this is a this would be really bad for Canada. You don't have to be a rocket scientist to figure this out. You do not have to be a rocket scientist to figure it out. Yet the Canadian media, they don't even understand the Kosma deal. Like they're just like, "Oh, you can't cancel." And David Eie doesn't understand. Like, "Well, then we'll just leave it as it is." Well, David, you don't get that choice. Like, come on, man. Uh here's here's um Aeron Tool on China.
It's right here.
this one.
>> I think we have to realize that some of these initiatives the prime minister is looking at with China may have to be tossed in the negotiating discussion on Kusma because the US relationship is critical to our economy. China is very important for agriculture and a couple of sectors but >> we cannot run into the arms of China because the US is giving us challenges.
What have >> I think we have to re That's it.
But we have we have run into the arms of China. We have an a security agreement.
Uh I want to know what's in that agreement. I want to know what you know how many police stations they can have in you know inside of our borders which is the most bizarre thing I could ever ever think about. Um to have you know some other countries you know enforcers inside of our borders seems absolutely paradoxical to our own democracy. you know, I want I want to know what's inside of all of these, you know, all of these agreements that he's signing and uh and he seems to be very bullish on China right now. So, I know you're a big fan of Sam Cooper and we had Sam Cooper on recently and um my god that the work that that that man is doing on the China file is likely more than all the government funded media combined and he's doing he's putting his life at risk actually. He's literally putting his life at risk here cuz these people are are like like criminal in many of their aspects. And they're interfering in our elections.
They're interfering in our day-to-day operations. They're interfering. They're they're running crime here in this nation. It's it's bad. And and and a lot of the influence is in for selectively into the Liberal Party, which is weird.
And NDP, which is weird, right? they they seem to have targeted those parties and propped them up and and then there's a lot of stuff going on like I mean Sam book Sam Cooper's got a book out there if you're interested in what Sam's done you should read that book you should follow him on the bureau he he does amazing work so >> yeah and to me it's not I mean that's that's it's not a mystery to me I mean the Liberal and the NDP have been far more uh pro-China than has uh the conservatives So, that's not a that's not a mystery to me. Um, you know, conservatives tend to be a little bit more hard-nosed about things like crime, uh, crime and punishment. Uh, they tend more to be, uh, more protectionistic in in terms of jobs and and paychecks. Uh, so I I don't find that to be a mystery.
um the the liberals have gone on sort of this globalist quest and so China is a direct benefactor of that global quest and as they see some of their uh portals like the US shrinking they want to make sure that Canada is wide open to them.
>> Yeah, they just fired Sam Cooper just did the story. They just fired a bureaucrat in in Ottawa there that uh put out a paper, an op-ed that said, you know, like this anti-American rhetoric plays right into the hands of of China and Russia. And then two weeks later, she was axed weird, eh?
>> Is it?
>> Uh, someone asked on the comments uh where the where the Chinese um police officers were. Um you can Google it.
It's very It's very It was reported in the mainstream media as well. Um but I believe the three locations were Toronto, Vancouver, and uh uh and um Winnipeg were the three that I can recall, but there were there were more than that.
>> Strangely, Winnipeg Winnipeg has been like a like a center for a lot of this stuff, right? We saw that with a bust just recently too where where there's like Mexican cartels and Chinese gang members involved in in in cigarettes and that too and on indigenous land and stuff like that. That's weird like Winnipeg Vancouver obviously is a port of entry and Toronto obviously is you know the hub of Canada.
>> Yeah. But I don't know if you Yeah, because I was going to say I don't know if you remember but Winnipeg was was touted as the the port of Winnipeg because it was this uh transportation hub. basically is the center of Canada.
So everything >> rail Yeah. The rail goes through there.
>> Rail goes all the way out. So >> I stayed in a hotel across the across the road from that.
>> Yeah. And then and there's an intersection of the of the rail lines, the air and the airlines. Um that all kind of come together and then the road network which extends uh >> portage and Maine I think it's called right there. And it's um portage in Maine and and the trains there all night long. Don't stay in that hotel.
Um but yeah, so rail obviously they're moving a lot of stuff and we've had Mlin McCall on. They move a lot of stuff through uh the ports and through rail in across Canada. So wild stuff. Uh BC, some people some people have been complaining online saying BC is the new Quebec. They seem to get everything. But here's David Eie announcing the $5 billion in infrastructure money here for British Columbia, which is Yeah, you'd say okay, some infrastructure money. That that sounds like a good idea. Sure. But then in addition to that, in addition to that, this one is a little tougher. Um, if we go down to this one here, it was the bailout for the condos in in Vancouver. Listen to this clip here.
>> And connecting global. But most importantly, we're building local and connecting.
>> No, no, no, no, no. Nope. Nope. Nope.
This one that's highlighted.
That was just one of his word salads.
>> Many completed condos sitting empty. In Metro Vancouver alone, around 2500 finished units are standing vacant with no buyers. With higher interest rates, weaker investment demand, developers are stuck. They don't want to sell at a loss. They can't afford to hold those empty units indefinitely. We will convert vacant condos into affordable housing. Uh condos that have been built that are unoccupied that are going to sit there potentially for another couple of years.
We're going to go use the right financing mechanisms, convert those into affordable housing so people can move in and use that.
So the developers get bailed out and you the you the taxpayer, you can pay for it.
>> Yeah, I would rather not. I don't think this is a good use of taxpayer funds. I don't think this is where they should be used. I would love to see what sort of a discount that would be given. I um yeah, I would hope that it would be a fairly significant one like in the order of magnitude of 40 to 50%. If and only if then I would feel positive about it that the that the Canadian government government was being opportunistic, not really bailing out a developer, but just stopping the the hemorrhage for a developer.
>> Well, where does it end then? Where because I mean we Toronto has the same problem. I mean that the problem is is the Liberals cause this problem, right?
The Liberals >> Yeah, they've already contributed to the two Toronto. They've already made the same promise. This is the identical deal that they made in Toronto. not identical in terms of order of magnitude. It was larger in Toronto, >> but it's the same it's the same thing that they've done. So, >> yeah, it's a you know, if as long as there is a benefit for the taxpayer, well, is it really that bad? Not not necessarily. Typically, developers can build for less than what the government can. My fear is that we're not talking usually about, you know, six foot, you know, six-story woodframe buildings that are built at, you know, $400 a square foot. Usually you're talking about condos and towers that are built in concrete and steel which are like 750 to a,000 to,200 a square foot. That's where I get concerned like what are these units? What sort of a discount are they?
And what sort of affordable housing are you creating? And and if I was one of the owners and you know let's say you're in a million dollar twobedroom, you know, well like do I get any say in who goes next to me? is that like, you know, are they subject to the same rules or is there going to be some sort of subsidized rent that goes in? Like I'm not sure. And this is like another attempt. You know, the joke around a table of developers in the last couple weeks was does anyone know what Build Canada Homes does? Like does anyone understand what a single program is or what they are, you know, uh, attempting to do? I think that in this way I think Carney's actually trying to get that statistic so that he can, you know, show, oh, we we have 6,000 affordable houses, but largely because he just spent billions of dollars to buy them.
>> So, yeah. So, this there's a there's an article and I don't know the daily.ca.
It's out of Vancouver. I've never heard of him before, but I mean it's a pretty in-depth article and it talks about a lot of connections and a lot of connections to Chinese developers in here as well. So, I don't know how much of this is true. You can go find you. Go look on the daily.ca and look under Vancouver's rot. That tells you anything. Um, and it talks about some of these people that have have contributed a large sums of money to the election of many of the candidates in the Liberal Party as well. This bailout stinks in in many different ways is that you know a lot of people right now uh you know they they took out large mortgages when Tiff Mlin said you go ahead rest assured take that mortgage out. Don't worry about it.
and now they're underwater and some of those mortgages are resetting and they can't make their payments. Do they get a bailout?
>> Like where's their bailout?
>> You know what I mean? Like, you know, they can just and then, you know, like and you bought your condo and say you're in it and and now you paid a million dollars for it and it's worth 700.
>> Where's your bailout? And then they're going to move people in. They're going to convert it. You don't have to convert it. You just have to buy it. What's What are you converting? Like what are you going to change the condo? Right? Like it's already there. This is not what developers are asking for. Developers are asking for things like take the GST off of all new housing. Like >> drop the interest rate. Drop the damn interest rate. Geez whiz. Right. Geez whiz. Drop the in. They created this problem with with mass immigration. Mass immigration. And these developers overbuilt 3 400 square foot boxes, right? Because they were rental units. They were building them as investment units. They were building these rental units. And then all of a sudden the immigration tap gets cut off because too many Canadians are suffering and with health care, can't get access to healthare. All of a sudden it gets cut off. So then they got these things that nobody wants to buy.
That's the thing. Nobody wants to buy these things that are like they're they're meant for rentals and and you know when in a crowded market and then now what? Right? Then how are you supposed to compete when you're selling, you know, other rentals and these guys, you know what I mean? It's just it it it distorts the market. That's what it does.
>> It does. It's a anytime you you interrupt or step into the market, you distort it. Especially with a short-term fix rather than a long-term solution.
>> We saw that with the Airbnb, right? You know what I mean? Let's crush the Airbnb industry. And then all of a sudden, it's like, oh, well, hey, that was a bad idea.
>> Yeah, we just crushed our tourism. Oh, wait. Whoopsies. So, yeah, there's there's there are so many better other options. And this one this one just doesn't doesn't really resonate. In fact, you know, I I saw the bulletin yesterday come out from CHBA and UDI, and in both cases, this was like, huh, not sure about this one.
>> Yeah. Um, I I know we're we're running a little long on time. Um, I'll try to go quick on these last ones here. The mining industry, B, this is Caroline Elliot that put this out. BC gold mining company sues province for stripping mining rights as part of F deal with First Nation.
Okay. I don't know if you can put that up. There you go. So, I mean, it's it's ridiculous, right? And that's not the only one. This is the multi-million dollar lawsuit. And this one here, the mining company was convinced by the government to take on the No, don't go there yet. That to take on this project, and then they pull it away from them. Just like like, okay.
And then there's another big one there, and I can't remember the name of it off top of my head there, but Sebrid is involved in it, and it's 15 years. You can take that down now. 15 years on the go, spent over a billion dollars, did two deals with two First Nations groups, another First Nations group steps up with 60 people and says, "Oh, we didn't get consulted." And so the court said, "You got to stop. You got to consult first." And if they get delayed long enough, they'll have to do their environmental assessment again. And it's been 15 years on this one already.
>> Yeah. And again here this is the this is the issues that we have with how you know reconciliation is being done with how you know um uh uh first nations negotiations are being done with DRIPA with the interpretations act like again this is just more of the same and we're going to continue down this path until we actually change the legislation.
>> And then I got this one just to kind of speed things up. The Fraser Institute put this out that BC mining sector can't fulfill its potential. The province will be poor. And they're talking about the Golden Triangle. This was that touted golden triangle.
And um if if they if they mess that up, I mean that's going to be um just devastating for British Columbia as well.
>> Catastrophic unequivocally. Um and this is this is just, you know, Eevee's in a in a freef fall. Eve's in a tail spin. And uh until Eevee's out, we're not going to see anything shift.
>> And this one here, here, this is a we've been sounding the alarm for a while on the Canadian dollar. And uh the Canadian dollar here, if you pull up this chart here, um because I know they're talking about raising interest rates, and there's a like a there's a hawkish tone from the Fed. I don't know if they'll be hawkish.
I mean, I think they're probably going to ease into 2027. No, this one here.
Um, we'll get it in a second. But the Canadian looney looks sick. And again, a sick loony, a sick loony is bad for the consumer, for the regular consumer. Not so bad if you have a lot of wealth because you, you know, if you invested in, you know, US stocks or you invested in, you know, US bills or gold or different things, different assets, usually, you know, a falling looney is not bad. But if you're an exporter, you pay your your Canadian workers in Canadian dollars cheaper and you export into US and you sell your goods into the US and and make that that's why you know the Canadian dollar has been artificially pushed down for I mean a lot of people for say a lot of years but this if if the dollar breaks 70 and goes into the low 60s as some of the economists have forecast a while back RBC and that if we don't get a trade deal you could look at 60 cents You can put take it off now.
>> Yeah. I don't I mean a really low dollar is bad for us, you know, for all of the reasons.
>> Well, I mean, bad for you, right, as a developer. All your costs go up, right?
If you're buying buying goods, all your commodity prices go up. It's tough and it's tough on the consumer.
>> Yeah. It's it's it's overall it's it's inflationary, right? So, we need a stronger dollar. Um I remember uh Steven Pollas who was the the predecessor to Tiff Mlum. He used to say that you know the most comfortable place for Canada with our manufacturing sectors that like the the car uh and auto manufacturing sector um as well as you know the general public the most comfortable area is about 80 to 85.
>> I was going to tell you 85 cents is where they kind of like their target where they were trying to hold the $185.
They didn't like like during Harper's reign. I think we got to a$110 there for a bit and uh I think it was just like just just you know that '08 crisis there. I mean it kind of got there with the banking crisis the Canadian dollar and everybody thought it's going to stay there forever, right? But we know that the the manufacturers do not like it here. I mean they don't like a high dollar.
>> So 85 cents is kind of like the the sweet spot really. Yeah. And Stephen Pulitz would say, you know, he would jokingly say, "Well, yeah, and I'm a, you know, I'm a son of a of a of a um an auto maker and, you know, so therefore I, you know, I'm going to try and keep that dollar a little bit lower." Um, so it's, you know, there's definitely truth to that. Um, we do need a little bit of a higher dollar. Um, I'm concerned that this is where our dollar is heading because largely that's about sentiment.
Like, do they think that we have something to offer? Do they think that we're going to be strong economically?
No. So Tiff Mlam can sit there and say like we're not in a recession as much as he wants to, but here's where the markets say. You know, this is what this is what the the markets believe about our dollar right now and about what we have to offer the rest of Canada.
>> And the Canadian dollar is losing value to almost all the currencies. It's not just the US dollar it's losing value to, it's almost all the currencies. So it it is it is sickness in the Canadian dollar. And I always say like the you the Canadian dollar is the stock of Canada. It is the stock of Canada. And and you know like if you think of a share price of Tesla or whatever you want to call it, that's that's that's what the market that's what the world thinks of Canada right now. That's the world's interpretation of the Canadian stock value.
>> So that that is on the the leadership as well. That's 11 years of failed policies. 11 years of failed policies.
And if you look at that, that is us not getting in our way. I again, I talked to that guy there, the energy guy, and it's it's it's it's 11 years of this of this like stagnation. They're willing to go to Venezuela over Canada because they see it as a lower risk and a higher return.
>> Absolutely.
>> That's what it comes down to, right?
When you're making things, lower the risk and then and higher the and higher the return. Bob's your uncle. That sounds like the decision, right? High risk, low return timeline, could extend into forever land.
>> Yeah, it's scary.
>> And then this this one here, the the the believe it or not, the the Liberals might lose the the the government funded media, the the bills they've rammed through. You have to ask yourself, not much action on energy, which is our, you know, our lifeblood. You could see it reflecting in the Canadian dollar. Like you're the economist Mark K. You know what's going on with the dollar. Do you want the dollar low? Cuz it seems like you do.
All the attention focus on all these bills. 22 36 34 9. Here's here's a CBC panel here. We're going to just play a little clip of it here of them talking about the trust that's being lost here in Canada as they ram through all this control of the internet.
Um, but I actually want to talk about what happened this week because I think it feeds into a possible problem that the Liberals need to be attuned to. Um, last week, Michael Savia speaking at the Eurasia Group, this is the clerk of the Privy Council, talked about one of the things the Carney government has that's an asset, which is trust from the public. What happened this week is that the Liberals decided to use their majority to shut down debate and pass legislation that is very controversial.
bills that were not studied in some cases had no witnesses that even uh testified as to whether this was good or bad. Uh we had the lawful access bill that has gotten a bit more attention across the country and the government um completely shut down the debate. In some cases they even backdated the ability of opposition members to bring forward amendments so only government members could bring forward amendments. We have never seen anything like this ever. Like we have talked a lot about these kind of moves during the Harper era, especially during his majority government. And with reason, I think we deserve to talk and highlight what is happening in this case. And I bring it up because the trust issue. Uh the government house leader talked about he hoped the conspiracies around C-22, the lawful access bill, would um go away, that people would time would allow these to pass. He talked about tinfoil hat people. This is not a way to bring people along. If anything, it fuels conspiracies. So, there was no reason to pass these bills. They could have taken the summer to study them and bring more Canadians on side. And I think that they are taking um they risk taking, I should say, Canadians votes for granted. Right now, the vote.
>> Yeah. I think right now the vote in the very >> Stop we'll we'll stop it there. And they're basically in unanimous agreement on this. And it's just it's >> they created this monster by not holding the government accountable to begin with.
>> Absolutely they did. But it actually gets even I mean it it it goes on because even Shantel Herbert, >> she says I agree that it's unprecedented to define a government using its newly found majority not obtain like she even agrees coin it's playing a certain stereotype if you will of liberals. The besetting sin of liberals is arrogance.
Like it was a pylon after that. And I, you know, I think that this is absolutely true, but this is of their own doing. I did hear that once uh the liberals had a majority that we would see a different tenor in the, you know, with the media. That's disgusting to me.
And if that's true, you know, that's disgusting. I think the other aspect here is what what I mentioned at the beginning. They're running out of runway. the the Liberals are running out of runway to actually uh do something positive and instead of using a majority to do really positive things and good things, they're using it uh to basically silence the the opposition.
>> Yeah. I think uh Chantel even says like they they they manufactured this majority as well. Like it wasn't a majority provided by that the polls, right? I mean that's key as well. It was it wasn't a majority provided at the polls. And you can you put up the image of the five people that provided this majority here because we do have the image of the of the five that granted this majority because it wasn't through a democratic process. It was through backroom deals. Do you have the >> the famous five, the Fab Five? There you go. The fabulous five. Chris Donttermont, Michael M. Who's who's an apologist now for slavery? Matt John who in a conservative like a highly conservative writing like I think majority a conservative writing decided to to do his deal. Lori Ilud, who said that she wouldn't at first, but then has a lot of government contracts as well.
Marilyn Gladoo, at least she was honest.
Marilyn Gladoo says, "Hey, I did it because I got some stuff, right?" So, there should be an investigation. That's good.
>> Yeah. And these ones, um, I do think there should be some some level of investigation on what was offered to them and what they received and what their writings received.
It was It's pretty gross.
>> Wild pretty wild that they the liberals are so bent on on on and controlling you and the internet. I mean, at some point they could say, you know, Jim and Renee, uh, this is this goes against social cohesion. You know, you you two are just making way too much noise. Here's some rocks that you can break apart later.
>> Yeah. the the the comfort I take is that um the vast majority and I say the vast majority I believe it's actually 94% of those that cross the floor never get voted in again. And that's because most Canadians feel that they are voting for a party more than they're voting for a person. It's why only one independent has ever been voted in in BC ever. Um so, you know, you look at all those different aspects and you kind of go, "Yeah, that that makes sense." So, I take comfort in that because probably none of those five will be around. Uh unless uh unless the uh the Chinese have something to say about it >> and all the tinfoil hat people saying that there was a WF and a globalist kind of cabal.
>> You might be take the hat off because you might be right because like all the countries that seem to be lining up to do the same thing all at once is weird as well.
>> Totally.
>> Anyway, that's our show.
>> Amazing.
>> Yeah, as usual. It's great. And um beautiful day in the Okonogan, right?
>> It's stunning. Yeah, it's stunning. 30° out there right now. So hopefully you're out there enjoying the sun.
>> And thank you, Renee. And uh thank you for watching uh Beyond the Ballot and uh and for being a regular here. And uh we appreciate that.
And Renee and I, we may do some shows next week, so we'll see. We'll let you know. Uh we may do like uh fill in for the really Rene may fill in for the really big show next week a couple days too. So we'll see what happens. I'm going to go down to the states so we might do them remotely. So and see how badly I get treated in the United States. I don't think so at all.
>> All right. Cheers. Thank you for watching. much
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