Juno News - August 12, 2025


Kris Sims and Michael Campbell discuss the level of trust in Canada


Episode Stats

Length

2 minutes

Words per Minute

191.70908

Word Count

427

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 what you highlighted quite often is trust yes so business owners or people who want to invest
00:00:06.800 need to have trust in where they're putting their money similar to a personal relationship okay you
00:00:12.720 need to have trust can you go over this a little bit where are we as a country on the trust factor
00:00:20.080 so say you know i've got this image in my mind of some big rich person who's got a huge company and
00:00:25.360 they want to invest their money in canada geographically it could be a gold mine it could
00:00:30.800 be a fuel refinery whatever that is okay manufacturing yeah where's the trust level
00:00:35.920 right now with the carny government versus the trudeau government well i don't think there's a
00:00:41.520 big change that's the problem there was no trust with the trudeau government and i'll give you a
00:00:45.200 quick example because there has been a lot of talk about pipelines you know and keep in mind what
00:00:50.320 What was the experience of Enbridge at the Northern Gateway Pipeline?
00:00:54.420 It went through all the hoops.
00:00:56.000 It had conditional cabinet approval.
00:00:58.300 I think they did 180 sort of public consultations.
00:01:01.660 They had four out of five Indigenous groups supporting it.
00:01:05.540 They spent, here's the key, they spent $500 million in that process.
00:01:09.300 And then what happens at the end?
00:01:10.940 Cabinet withdraws their approval.
00:01:13.200 They put in a Northern tanker ban, which basically said, you don't need a pipeline.
00:01:18.740 Well, if I'm Enbridge, how fast do I want to get into business again with the governments of Canada?
00:01:25.200 How fast do I want?
00:01:26.420 And you can say, well, no, but it's Mark Carney.
00:01:28.760 Well, Mark Carney is surrounded by many of the same players in cabinet.
00:01:32.720 You know, when they look across the table, they're still looking at Chrystia Freeland, Champagne.
00:01:36.760 They're looking at, I'm just starting to think, Guy Bo.
00:01:40.140 My goodness gracious, when they look at Guy Bo, they cry and have an excedrin break, you know.
00:01:44.200 And he's already made comments that are consistent with what he had said before, like, we don't need another pipeline because Trans Mountain's already full. Completely false, inaccurate, but it's the attitude. And it is a confidence problem. And I mean, I look at confidence as an overall thing. I mean, our whole financial system works on confidence. You put your money in a bank, you keep it there because you believe you can get it back. If you heard rumors that you weren't going to, believe me, you'd get your money out of there.