Mulcair: Carney government proposes $6B to train 100,000 new skilled trades workers

Added: 2026-04-29

[00:00:00]Tom Mulair is brought to you by Guaranteed Industries and Canair in Hydro Quebec. What a combination. They should add the Habs to that. By the way, go Habs go.

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[00:00:14]Guaranteed industry since 1957.

[00:00:17]5143423400.

[00:00:19]Good morning.

[00:00:21]>> Hey, good good morning Andrew. So, uh, normally this, uh, when we get this sovereign wealth fund, normally, uh, sovereign wealth funds are stateowned investment accounts started with a country's extra money. So, we don't have no extra money around here. So, what what the heck is this thing anyway? And and honestly, uh, you know, the critics of of the Carne mini budget say it's they're continuing to borrow and spend.

[00:00:45]>> They're continuing to borrow and spend.

[00:00:46]And there was good news yesterday because of increased oil revenue. The price of oil's gone up. Therefore, federal taxes on oil goes up and guess what? More money came into the Canadian government coffers than expected. So, the deficit for the coming year was down and for the next little while. So, did they just say, "Phew, that's good." Or did they find new things to spend that leeway on? And guess which one?

[00:01:13]It's let's find new stuff to spend on.

[00:01:16]And and it was amazing because it's almost as if the people around Carney, you know, who are the liberals of the Trudeau ilk for most of the staffers, they are a little bit worried that Carney's not being seen as liberal enough. You know, he he's seen as center right. And it's almost as if he's apologetic about it cuz he keeps saying, "Well, this is going to be good for everyone." So, it's not just for the rich people and so forth. So, it's almost as if he's on the defensive about that or they've put him on the defensive and he's not wearing it. Well, >> okay. I just want to ask you one thing about this. Okay.

[00:01:46]>> Sure.

[00:01:47]>> Um the the you know I Mark Carney and then the the Liberals patting themselves on the back there for being fiscal fiscally uh >> just so so um uh >> it's BS.

[00:02:00]>> Yeah. Is this Donald Trump uh has as much credit to take from this as as anybody? No.

[00:02:07]>> For the price of of oil going up.

[00:02:10]>> Of course it's it's all part of the master plan. make the price of oil go up and Canada benefits. No, but it it is a bit of malarkey to to hear, you know, the feds on the one hand say it's because we're great public managers. And then you say, okay, we got a little bit of leeway. That was unexpected. Little bit of a breather. And then they say, well, they're going to we're going to spend $6 billion on this and we're going to spend so many billion on that.

[00:02:31]Andrew, we're on a we're on a track right now, even with this improved situation, that by 2030, so just a couple of years down the road, we're going to have a we're going to have $40 billion a year in interest payments on the Canadian debt if interest rates still stay relatively low, as they are right now. Historically, they're still relatively low. So that means that we're on a track to have so much debt being reimbursed by the federal government that it that it's hard to get out of the hole that that we're digging for ourselves. So again, saying that they're going to manage the federal government better, that's easy.

[00:03:11]Trudeau was a disaster in terms of public administration, but they're still not able to get away from that good old liberal reflex of saying, "Ah, we found a little bit of money and so let's go spend it." which is exactly what they did yesterday.

[00:03:25]>> Yeah. And uh people would have uh you know fiscally responsible people would have preferred that they use it for something else.

[00:03:33]>> Yeah. You know, like to lower the deficit. Oh, by the way, um this just in constitutional alert, just everybody's favorite subject.

[00:03:41]>> Oh, yeah. Yeah. Yeah. There's something there's something in that economic update yesterday that is going to cause a thermonuclear explosion here in Quebec unless they start figuring out on background how to do deal with it. I suspect that Fchett probably was briefed on it a little bit last week when she met with Carney. But here's the deal.

[00:04:00]The feds are saying types of things that they found, you know, billions of dollars to spend on. They're going to spend $6 billion to train up new construction and and and other trade workers. It's not a bad idea in and of itself, but actually there's one problem. It's 100% provincial jurisdiction, education, manpower, training. This has all been transferred to Quebec in the past. This goes back 25, 30 years. I was in the National Assembly when this was done. So, this is an unbelievable mistake if they persist and try to imply apply it to Quebec. But I suspect that first of all, you don't make that sort of distinction when you're making a a national announcement in the House. So they could have easily said, "But this doesn't apply because we have a separate deal for Quebec." But Alberta's already got its eye on every single separate deal for Quebec and is going to be asking for the same stuff.

[00:04:49]So we got to be careful about that. So today, Christine Freshet will be making an announcement with Jean Boule, who's the employment minister who's in charge of this stuff. and it's going to be really worth watching because she could wind up digging in her heels unless again she's already got a strong reassurance from Frana Philip Champang who should know about this stuff uh and from Carney during her meeting last week that they're going to back off and they're going to let simply have a a transfer and let Quebec do its own training because it it is a separate deal that Quebec has with the feds.

[00:05:20]>> Uh it was actually uh I thought it was a nice uh visit King Charles in Washington.

[00:05:26]>> Excellent.

[00:05:26]And the guy was charming. His speech was superb. Perfectly delivered. You know, you don't know too much about the guy.

[00:05:33]We haven't heard him deliver that many speeches over the years. A touch of humor in it. Some some shots fired, you know, like for example about the, you know, Donald Trump's affection for Russia. He wants to have Vladimir Putin show up for the G20 meeting in in Florida next month. So, he is saying, you know, we've got to stand by Ukraine.

[00:05:52]And for him to have the guts to say that, he got really good applause saying it. It was it was a way of telling Trump that he's really on the wrong side of history on this one without coming out and saying it that well. But I think that overall smashing success uh for King Charles III.

[00:06:06]>> And what about uh United of Arab Emirates leaving OPEC?

[00:06:11]>> This is something we This is a big blip on the screen. This is huge news. Uh we're going to see how it plays out.

[00:06:17]What are the other Gulf States going to do? uh they they sit on a bunch of oil.

[00:06:22]They don't want to be dependent on the decisions in other countries that have been part of OPEC. There's this sort of OPEC 2.0 that that includes Russia and other oil producers. The Americans have basically taken over the oil production in Venezuela. So what does this mean?

[00:06:36]This means that they're going to be selling oil and the price is probably going to go way down from where it is right now because of the blockage of the straight of Hormuz. There seems to be some possibility of movement on that.

[00:06:47]The Iranians still don't seem to have received the memo that they're not going to have a nuclear program because they're not going to have a nuclear program and Trump is is adamant about that and he doesn't care if it hurts him in the uh in in the upcoming midterm elections. So, it's going to be interesting to watch. He doesn't want to start the fight over again, but he's letting the Iranians know that this is not on that that they either accept and sign that there will be no nuclear program or they're going to continue to block the straight of Hormuz. And it's hurting Iran, of course, more than anybody else.

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