John Bolton - November 18, 2025


Carney Horrific #1 - Business LEAVING Canada (MASSIVE LOSS)


Episode Stats

Length

2 minutes

Words per Minute

133.26537

Word Count

305

Sentence Count

19


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Nearly one-quarter of consumer goods firms preparing to exit Canada, industry CEO warns Parliament.
00:00:19.000 There's a number that should stop this country cold, 23%.
00:00:23.000 That is the share of companies in one of Canada's essential manufacturing and consumer goods sectors
00:00:28.000 now preparing to withdraw products from the Canadian market or exit entirely within the next two years.
00:00:33.680 It was delivered straight to Parliament at the House of Commons Standing Committee on Industry and Technology
00:00:39.300 during its study on Canada's underlying productivity gaps and capital outflow.
00:00:44.900 Michael Graydon, the CEO of Food, Health and Consumer Products of Canada, didn't hedge or soften the message.
00:00:51.260 He told MPs,
00:00:52.400 23% of our members expect to exit products from the Canadian marketplace within the next two years
00:00:58.860 because the cost of doing business here has just become unsustainable.
00:01:04.480 Unsustainable, that's the word he used.
00:01:07.300 They're putting expansion plans on hold or shifting them to jurisdictions that move faster, cost less, and offer clearer rules.
00:01:15.420 It is happening at the level that matters most.
00:01:17.960 the decision whether to continue doing business in Canada or move operations somewhere more
00:01:23.020 predictable. And once those decisions are made, they're very hard to reverse. Capital doesn't
00:01:28.480 boomerang back out of patriotism. It goes where it can earn a return. The fact that executives are
00:01:34.520 now openly warning Parliament that they cannot afford to stay is a moment of clarity. It's also
00:01:39.580 a test. Either this country becomes a place where people can build things again quickly, affordably,
00:01:45.320 competitively, or it continues down the path that leads to empty factories,
00:01:49.760 hollowed out supply chains, and consumers who wonder why the shelves look thinner every year.
00:01:54.960 23% is not just a statistic, it's the sound of a warning bell ringing at full volume.
00:02:00.540 The only question now is whether anyone in charge hears it.
00:02:15.320 You