00:03:59.740The, if you look at the, I, I below the tweet below the post that posted the,
00:04:05.680uh, uh, the chart, the graph for what Canada's CPI looks like, Canada's
00:04:09.980inflation and it's well within the banks of canada's own range and it's trending lower it's
00:04:16.760actually been doing good yes the recent spike in the current oil price will have inflation
00:04:21.940but the bank of canada has zero impact on it you can raise interest rates to 10 percent the price
00:04:28.100of oil is not going to change so why rush now when we have a tariff war when canadian's lives are
00:04:37.380There's a report after report of Canadians borrowing money just to survive for basic needs.
00:04:44.360And then the Bank of Canada just made that boring more expensive for people.
00:04:48.420We have mortgage insolvencies increasing as people are trying to figure out if they can afford the new mortgage payments and the renewal payments, which will be much higher.
00:04:59.400Let's remember the wave of mortgage payments that are coming up now are from five years, from the rates of five years ago.
00:05:05.620and some of them some of the houses as well some of the value of the properties they're just not
00:05:10.840worth what it is anymore so canadians will be looking extra carefully if renewing the mortgage
00:05:17.400is even worth it or just walk away from the house yeah i mean it's hard enough as it is for people
00:05:22.900to buy at home but i guess it's about the dollar they've seen the dollar teetering you know even
00:05:29.380coming going under that 70 cents us mark the 69 cents and they don't want it to go much lower at
00:05:36.020least that's the way i see it and raising interest rates really is one of the very few tools they
00:05:40.620have at their disposal to try and shore up the loonie do you see that as a reasonable pretext
00:05:47.220for what they're doing yeah absolutely there is definitely part of that but it's it still should
00:05:52.820be uh it's you know i i was a big favorite or to push for actually cutting rates this is the time
00:06:00.740to actually put canadian's money into the economy and get it working rather than taking canadian's
00:06:07.060money out of the economy and giving it to bondholders so the the currency situation is real
00:06:14.020but the problem is we can still wait a bit longer and the prices we sell our resources for it's
00:06:19.460really filling up the coffers of every government in Canada.
00:06:24.560So in a way, it's actually kind of benefiting us if we just focus on internal economic issues
00:07:20.440I mean, the dollar could go up, could strengthen if there's a trade deal announced.
00:07:24.100And there's been a lot of talk that a trade deal with the United States is imminent.
00:07:29.540I suspect that if that happens, then things will change.
00:07:33.180There will be a lot more positive sentiment north of the border.
00:07:37.100I do want to ask you about the EU situation now.
00:07:39.920This is something that perhaps Mark Carney didn't foresee is opposition by four of the biggest members of the EU, including Germany, France, Italy, who have said, no, thanks.
00:07:51.700So we're not interested in having Canada join as an associate member.
00:07:56.420Nobody even knows what that really means.
00:07:58.900How big a blow is this to Mark Carney, do you think?
00:08:02.500Yeah, Greece joined that call as well.
00:08:04.600And it's a pretty big blow considering those are our biggest allies and those are essentially the countries that are funding the EU.
00:08:13.340So, you know, maybe they're doing us a favor, who knows.
00:08:17.700But there's really two interesting situations here.
00:08:21.520One, it is really paramount that Mark Carney tells us what the deal is really about.
00:08:29.780We have a trade deal with Europe that's never been ratified, so there's no rush to get anything done.
00:08:38.840It's not really about youth schooling mobility or research mobility.
00:08:44.020The kids have been going to school in Europe from Canada for decades.
00:08:48.980We have a whole program between our schools and anyone under 30.
00:09:31.200The, uh, uh, you know, the conservative party of Alberta.
00:09:34.660Can you talk a little bit about that and how that's playing out in your view?
00:09:38.500Yeah, there's, there's definitely a split, as you said.
00:09:41.580Um, a lot of people are not happy with, um, I guess Daniel Smith and more
00:09:46.800particularly the, uh, sorry, it seems like my camera keeps disconnecting.
00:09:51.260I have no idea why, but it's, uh, a lot of people are not happy with Daniel Smith.
00:09:55.740And I think it's more in regards to how she responded to the referendum and to new requirement to some kind of plead your allegiance to the country.
00:10:05.500If you want to run for the UCP because of this referendum, it just makes no sense.
00:10:11.260The first responsibility of MLAs, of Alberta's politicians is to Alberta, not to the country.
00:10:18.700So it doesn't really matter what the referendum was in this case.
00:10:24.040It's just the fact that our, our core responsibility, our fiduciary duty of
00:10:27.760our politicians is to the province and not to the country.
00:10:31.240So, um, so there'll be an interesting situation.
00:10:34.300Obviously, uh, TCP has an AGM coming up.
00:10:37.400Uh, some, some writings, uh, want to see a leadership review.