Lower food prices, higher carbon cost. Ottawa is undermining its own inflation progress.

Added: 2026-05-21

[00:00:00]The climate change gods.

[00:00:03]Here's the businesses racing to net zero.

[00:00:06]Champagne holding on to the stuff.

[00:00:09]The race is for for a stagnant economy.

[00:00:13]Like Canada's numbers, even though they tell you affordability has never been so good in the last decade.

[00:00:20]For who?

[00:00:24]There you go, food professor.

[00:00:26]This is the some of the cos now go to the next. We'll leave so we'll save the Martha Finley stuff for later when she's on.

[00:00:33]Food inflation, we're no longer the worst.

[00:00:36]UK jumped in there and says, "I'll take that spot." Keir Starmer says, "I'll take that spot." Another energy fool.

[00:00:46]Canada no longer has the highest food inflation. That now belongs to the United Kingdom.

[00:00:52]But food is I mean they're starting from a much lower position there. But yeah, I mean it's still It is what it is there. It's finally Canada's been dislodged from that uh unhappy perch. But Britain >> [clears throat] >> I mean when I've been there when I've been in Britain with Canadians or even Americans to an extent, but definitely Canadians, they cannot believe how cheap food is. Like vegetables and things.

[00:01:20]Like they actually denominate vegetables and and other foods in in pennies.

[00:01:26]When was the last time you saw something in a supermarket that was pennies?

[00:01:30]Everything is like minimum like $4 or something, isn't it, in Canada? But yeah, I mean food is generally cheaper there, but obviously they are very vulnerable to this energy shock in Britain because they are run by morons.

[00:01:43]And they don't have any energy and their stupid elite thought that they could save the day and power the whole country with wind turbines.

[00:01:52]How's that going?

[00:01:55]We talk about it on the show all the time. Diesel, diesel, diesel, diesel.

[00:01:59]We have the second largest landmass in the world. You can go to the next one.

[00:02:03]Second largest landmass in the world.

[00:02:05]And we got to truck stuff. We got trucks burn diesel. Tractors in the in the fields burn diesel. Trains burn diesel.

[00:02:14]Ocean liners burn diesel.

[00:02:17]All that is your food being transported with the magic of diesel.

[00:02:22]Yet in Canada, we just tax and tax and tax. There's extra taxes on diesel just in case. Just in case there's extra taxes on diesel.

[00:02:32]Even when they cut the some of the taxes off of uh to to help people think when they cut 10 cents off, they didn't cut as much off of diesel. Why?

[00:02:41]Diesel is literally the lifeblood of this economy and moving food around.

[00:02:48]It's just It's just It's almost like they want it to be bad. It's like like here's the solution. It's diesel, right?

[00:02:55]It's diesel.

[00:02:57]And here's some of the food prices that that for since uh increases for April 2026 in Canada. Uh tomatoes 20%. Who would have thought tomatoes would be expensive?

[00:03:07]Coffee 15, fresh frozen beef 12 and 1/2, carrots 10.

[00:03:12]Pork 9 and 1/2.

[00:03:15]Like nuts, mushrooms, peppers, bread, rolls.

[00:03:21]Onions finally down. Onions were expensive, too. Somebody told me they paid six bucks for one onion. Like I don't know where they bought that onion, but like crazy.

[00:03:30]>> Golden onion?

[00:03:32]Some kind of onion.

[00:03:33]But I was just going to say you talk about diesel, you talk about um you know, ships and everything, tractors.

[00:03:40]I read I read somewhere in values that uh by 2025 we're going to [snorts] have we're going to use hydrogen.

[00:03:48]And well, somehow that was going to help us fly planes around. and Yeah. power um Back to Zeppelin.

[00:03:55]>> manage it and what not.

[00:03:57]>> [laughter] >> Does that work then? 2025.

[00:04:00]Wait a minute, wasn't that last year?

[00:04:02]Hey, the Zeppelin, you didn't >> um good times. You didn't see the Zeppelin?

[00:04:07]We should keep that as a thing every time we talk hydrogen we should show the Zeppelin.

[00:04:11]Uh you know what Neil said?

[00:04:12]>> It explains why Mark, it explains why Justin Trudeau was such such a gullible fool that doesn't know anything about economics or or anything else for that matter. But it explains why he to an extent why he sh- uh said no to the the Germans and the Koreans and the Japanese and everybody else. Shooed them from Canada and said there's no business case for natural gas. It's all about hydrogen.

[00:04:34]You know, I I I wouldn't be surprised if the only book that Justin Trudeau read during his time as Prime Minister was Values.

[00:04:42]And even if he didn't even have to read it, did he? Cuz he had Mark Carney as his economic advisor. So he was whispering in his ear saying, "No, no, no.

[00:04:49]The don't worry about gas. Like hydrogen's the future. Natural gas is is last century."

[00:04:54]And also >> Justin Trudeau was such a clown. He was like, "Yes, me lord."

[00:04:59]And also and he also said that he doesn't worry about the economy. The budget balances itself.

[00:05:05]That worked out great.

[00:05:07]How many times >> didn't didn't happen though, did it?

[00:05:10]Actually, when comes to think of it, that's not how it happened.

[00:05:13]How many times did the Liberals and the NDP and the media tell us that uh the carbon taxes didn't add to inflation. That the price of fuel really added very little to the price of food.

[00:05:27]Wasn't that almost a daily event? Didn't they have like a hundred Nobel laureate professors come out, economists come out and tell you that? That it didn't add to it. Now all of a sudden when it's a Trump caused, listen to this. Listen to this from CBC.

[00:05:40]It's like you should play their their stuff against them from the past and just ask them just to watch themselves.

[00:05:47]So we look at these numbers, not a surprise given the skyrocketing price of fuel. That's got to be the driver here.

[00:05:52]It is. And anybody who's taken a bus past a gas station has seen the increase in fuel. It's not just what you and I pay at the pump. It's that every company that delivers anything has to pay more for diesel, for jet fuel, for He's just right there. Any company that has to deliver anything. Uh-huh.

[00:06:12]Yeah, it's a compounding tax. We said it how many times on the show for like a year and a half.

[00:06:16]The carbon tax was a compounding tax.

[00:06:20]When it was in the field, and then you added when it was in the truck, and then it just it just adds and adds and adds.

[00:06:26]A compounding tax.

[00:06:28]Just the same as industrial carbon tax.

[00:06:30]A compounding tax on prosperity here in Canada.

[00:06:34]And then they take that money, they take your money, and then they give it away. They give it away to Ukraine, they give it away to gender-neutral rice in Vietnam or Lebanon or or wherever they're throwing money away. We're going to show you some examples of it later today.

[00:06:48]Million-dollar sheds in in the Northwest Territories, and just nonsense everywhere. Going to show you those receipts here in a bit. But, it's just crazy. Just absolutely crazy.

[00:07:00]And uh and what does this all the inflationary prices do? Um energy is in everything, and then there's a bit of inflation coming into the market. And there's a lot of people saying, "Oh, the Bank of Canada has to drive up has to increase interest rates here because, you know, like you know, the economy it it's getting hotter. And I mean, sorry, it's getting more inflationary.

[00:07:20]You can't increase interest rates in a stagnant economy.

[00:07:24]Do you want to choke it? Do you want to kill it?

[00:07:27]Do you want to beat it to a pulp?

[00:07:30]I mean, I want to play this clip, but I mean, basically you increase interest rates when you're trying to cool off a hot economy. Or if the dollar is or the currency is collapsing.

[00:07:40]That's when you have to increase. Is the currency collapsing?

[00:07:43]Right now?

[00:07:44]It's driven by energy in a stagnant economy. That would be the end of this economy if they started raising interest rates. So, hopefully they're not that stupid. But, hey.

[00:07:53]Nothing surprises. I think he's going to do a Pierre Elliott Trudeau.

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