00:14:03.280He has to somehow fix this very, very slow economy right now.
00:14:09.240This morning, I was just talking to a realtor who said in London, Ontario, the banks have had an unbelievable number of power of sales of late.
00:14:20.700And a lot of the houses are heavily under water.
00:14:24.700He cited an example of $1.2 million in mortgages.
00:14:28.720And the bank is demanding that the house be sold for $700,000 right now.
00:14:35.300That, many times over in the Canadian economy, is going to suppress the Canadian economy in a very, very big way.
00:14:44.400So next time we go to an election, and listen, we have a minority government, right?
00:14:48.140Even though Carney is pretending he has a majority, it's really a minority government.
00:14:53.520He's going to have to show some results.
00:14:55.980And you can only fool people so many times.
00:14:58.920So I think he has no choice but to act responsibly and see if we can come to an agreement with the Americans and see if we can drop a lot of those tariffs that we have.
00:15:12.180Remember, you know, we are not lily white.
00:15:14.840And I've cited this example a couple of times.
00:15:17.740Canada has induced a plastics registry for all manufacturers in the United States.
00:15:22.460If they want to sell into Canada, they have to fill out a form that says how much plastic their product contains.
00:15:29.380Well, every product contains plastic that is exported pretty much.
00:15:34.980So that's sort of like a gun registry or that's like a sex offender registry.
00:15:38.660The Americans have taken great offense to that.
00:15:40.960And there's a list of 100 other items like that that we've breached USMCA on over the couple of years.
00:16:10.760It was close to being ratified, I think, according to people like Pete Hoekstra and so forth.
00:16:17.460But then the ads came out, the anti-tariff ads.
00:16:21.680Trump took offense and basically pulled the rug out.
00:16:26.040Fast forward a few weeks and Algoma announced its layoffs.
00:16:29.880I mean, that deal was aimed at steel and aluminum.
00:16:34.460And so isn't it possible that if that deal had been ratified, that maybe all, if not at least some of those layoffs might have been averted?
00:17:08.060And what's happened is the greening of Algoma steel has led to a terrible, terrible malfunction in their operations.
00:17:18.440So a little bit of this, too, was government policy on the environmental side as well as the trade side.
00:17:26.460So, again, when Reagan said, we're here from the government and we're here to help facetiously, this is a case in point, very much so.
00:17:41.500The government has really led to Algoma's downfall, I believe, because of their woke environmental policies that make no sense and drive, literally, business out of Canada.
00:17:52.780Yeah, we didn't hear too much about that reasoning provided by the CEO of Algoma when he did his interviews with CBC.
00:18:02.440All he talked about, for instance, was, well, it's about the tariffs, it's about the tariffs, it's about the tariffs.
00:18:08.340But he didn't talk about the hard time that Algoma was having with the transition.
00:18:13.140In fact, they had ended coal, their supply of coal had dried up because they ended it.
00:18:20.060They thought they wouldn't be needing it anymore.
00:18:22.340And they could only get half of their operation going in terms of the number of these facilities that, you know, make the steel.
00:18:30.540And so that's what I suspect was the real reason for the layoffs, was that it was a botched transition to electric.
00:18:40.740And, you know, they're going to blame Trump, obviously, but now they're screwed because, as I understand it, I stand to be corrected, you know, once you've made the transition, there's no going back to the old, you know, arc ovens, right?
00:18:55.480The blast furnace. And so they're in trouble.
00:19:01.060And their only recourse now is just to go for even more money, which explains why they have since come out and basically been shilling for the carbon tax.
00:19:12.980You know, somebody asked, Mark, Michael Garcia, I think that's his name, you know, whether or not the carbon tax was proving to be a problem.
00:19:21.360And he said, oh, no, you know, it's not a problem for us.
00:19:25.960You know, I'm thinking, well, this sounds like a guy who's getting ready to angle for even more government money and he knows how the game is played.
00:19:33.260That's my take on it for what it's worth.