Juno News - October 21, 2025Liberals BLINDSIDED by rumoured U.S. trade agreement
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Summary
Deal or no deal? The Globe and Mail is reporting a U.S. trade deal could be ready for approval within days. Prime Minister Mark Carney and President Donald Trump are expected to sign a deal on steel and aluminum and energy later this month, two sources say. Trade Minister Dominic LeBlanc was caught off guard by the announcement and denies that a deal with the Americans is imminent.
Transcript
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Welcome to Straight Up with Mark Petroni. I am your host. Welcome, my friends.
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Deal or no deal? The Globe and Mail is reporting a U.S.-Canada trade deal could be ready for
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approval within days. A trade deal on steel and aluminum and energy could be ready for
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Prime Minister Mark Carney and U.S. President Donald Trump to sign at the Asia-Pacific Economic
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Cooperation Summit later this month, two sources say. Trade Minister Dominic LeBlanc was caught off
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guard by the announcement and denies that a trade deal with the Americans is imminent. Let's listen.
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Surprised to see this morning the report that we're possibly going to finalize a deal in the next few
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days. We're making progress. I'm in constant discussions on the weekend, again yesterday
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with my American counterparts. We're making progress. We're into a level of detail that we hadn't seen
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previously, but we still have work to do, and my objective is to continue to do that work until
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we get to the deal, but we haven't set a deadline of a particular date in the next week or two.
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We'll just continue to do the work to get the right deal.
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So who are these mysterious sources leaking information to the Globe and Mail, and do they
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know something that Dominic LeBlanc does not? More fallout from the decision by auto giant
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Stellantis to move production from Brampton to the United States. The Liberal government spent $15
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billion to help Stellantis build and operate an electric vehicle battery plant in Windsor, Ontario.
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And now the leader of the opposition, Conservatives, is demanding to know if the Liberals negotiated a
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jobs guarantee with Stellantis before handing over the money.
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Tragically, 3,000 autoworkers in Brampton learned that the Prime Minister had sold them out and failed
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them in negotiations with the United States of America. To make matters worse, this Liberal government
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and this Liberal finance minister forked over $15 billion tax dollars to the company that is moving
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their jobs south. So, surely, the government would have negotiated a jobs guarantee for every single
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Canadian Stellantis employee. Will they release that guarantee and the entire contract so Canadians
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Mr. Speaker, of course, what Stellantis announced for the Brampton plant last week was completely
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unacceptable. And Stellantis has made solemn commitments to this government and to their workers and they
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need to honour their commitments. And that's why we will hold them to account. While my colleagues are
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just right now talking, we already know that in committee we said that we would agree to the
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Anyway, Catherine Swift, who's always terrific, will be joining us just in a few minutes' time to weigh in on
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that story. While the days of wide public support for immigration in Canada are gone, according to
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Enverotics, 56% of Canadians now say immigration is too high. The reasons really should be no surprise. Some
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point to the influx of millions of people, newcomers into Canada for being responsible for everything from the
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housing crisis, to unemployment, to crime, and yeah, even inflation. Speaking of which, if you've noticed
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prices nudging higher at the grocery stores, it's not your imagination. Canada's inflation rate jumped to 2.4% in
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September, driven by food and gas. This post by Pierre Polyev, inflation jumps again with all four measures
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above the Bank of Canada's target. Food prices are rising at twice their benchmark. The cost of
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Carney's inflationary deficits is higher prices for heating, eating, and housing. Now that may dash hopes for
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another interest rate cut by the Bank of Canada next week. But with the economy as weak as it is in Canada, the
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bank may feel it has no choice but to cut rates anyway to deal with the possibility of, well, a further slowdown in the
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economy. The problem? Well, higher inflation may very well be in the offing. We'll just have to see.
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And Catherine Swift is president of the Coalition of Concerned Manufacturers and Businesses of Canada, which has a new
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billboard campaign. The billboard reads, Ottawa is more detrimental to Canadians than Washington DC.
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Catherine, welcome to the show. Thank you, Mark. Happy to be here.
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Let's talk a little bit about your billboard campaign. First of all, what do you mean by that exactly?
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Boy, well, the bottom line is we're tired of seeing everything blamed on people outside of Canada.
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Sure, it has an impact. But the vast, vast majority of our problems have been around for years.
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Of course, Trump is an easy target in a way. You know, we know a lot of Canadians don't like Trump.
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And a lot of Canadians don't like the US. There's always been that kind of anti-American theme under the surface.
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And it comes up from time to time. And now is certainly one of those times.
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So we just want to emphasize all the vast majority of our serious economic issues were around long before Trump was a factor at all.
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We've been suffering. We've been going downhill for a decade now, a liberal decade and not a mistake.
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And, you know, a lot of people say, well, you know, we had we've had some shocks from the global economy.
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Yeah, we have. So is everybody else. And yet we're doing much poorly, much more poorly than other countries and notably the US,
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who we always compare ourselves to for obvious reasons. And, you know, our standard of living has declined significantly.
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We see a stalled economy or worse. We've seen negative quarters of GDP, you know, decline, decline.
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And the tilting toward recession is the way it looks. We see, you know, our dollars in trouble.
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I mean, basically every economic factor is not in good shape.
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Our productivity. Productivity is a measure of our standard of living, of our wealth as a country.
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And it's been abysmal. And again, compared to other countries. So, you know, when I see Carney say,
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we're going to be the strongest economy in the G7, it's like, what are you smoking? We're the weakest
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economy in the in the G7. We look at the OECD list of countries. We're right at the bottom.
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So it's not it's not just us saying this. And I think to bring to continue to bring to the attention
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of Canadians in general, the fact that we can fix our own problems, we're not doing it. But the answers
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are not a mystery. You know, sometimes the economy is terrible when you go, gee, what could we possibly
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do to fix it? The answers are incredibly obvious this time around. We're just not doing it, mostly
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for ideological partisan reasons that we're following certain policies that are hurting the country.
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Yeah, our economy was in decline before Trump won, you know, his second term. And it's just too easy,
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really, for the Liberals and their friends and the legacy media to point fingers and say, well,
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whatever problems we got in this country, it's the orange man's fault.
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Yeah, absolutely. It's tempting. But, you know, it's not just the feds, to be fair. It is the feds
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in many respects, but it's also some provinces. I mean, I look, I live in Ontario,
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and I look here in Ontario, and Doug Ford seems to throw a crazy hissy fit. When anything happens,
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that Crown Royal pouring out business was just, I thought, he likes to say somebody's, you know,
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cheese has slipped off the cracker. I think his cheese is slipping off the cracker,
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because he's just, you know, doing some wacky things. And then with the Crown Royal thing,
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it was a Canadian product, for goodness sakes, what he should be asking himself. And we hear,
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we hear GM today, just this morning, downsizing a plant. Now, Stellantis recently, I mean,
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there's a whole long list of businesses that are leaving Ontario. Businesses don't leave a location
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for nothing. They, it's a pain in the butt to move your business. You got to get a new facility,
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you got to hire new people, you got to, you know, deal with current employees, you know,
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you have all kinds of problems. They only do it when the situation has become untenable for them.
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And the thing that gets me about businesses leaving, you don't even hear about the majority.
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But we sure we hear about a Stellantis, we hear about a GM, because they're big, you know, hundreds,
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often thousands of employees affected. But I can tell you an awful lot of our members,
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small and medium sized manufacturers, and other other sectors of the economy have left Ontario,
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sometimes they leave a bit of an operation in Canada still, but their growth and their job
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creation is happening south of the border. And that, that is just is so worried, worrisome.
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Kearney and Ford and other provinces as well should be saying to themselves, why are they leaving?
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They don't do it for no reason at all. We don't have a competitive business climate,
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which means we can't offer the good jobs that manufacturers in particular offer because they're
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high paying, you know, good skilled jobs. They need to look in the mirror and ask themselves what
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they've done to cause this not try to like you say, blame old orange man bad as an easy scapegoat.
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But it's not it's not true. Yeah, I mean, energy prices are too high.
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Regulatory burdens are too high in Ontario and other provinces. So let's look at that, you know,
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let's get rid of the red tape. That's what Doug Ford promised when he, you know, got elected.
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And has he delivered on reducing red tape for businesses? Not at all.
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Electricity prices are still way too high. And so these companies look south and it starts looking
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pretty tempting because whether you're talking about Ohio or Indiana or Virginia or all these
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other states say, come on in, you know, we're happy. They're incredibly welcoming. And I mean,
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that's kind of a, you know, kind of a, an old trope in a way, but it's true. And, and some of my
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colleagues who have left, who have established plans and they don't want to, they live here,
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their family's here. You know, like I say, this is not something people do lightly. But they,
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they go to like some of those states you mentioned, and they're welcomed. I heard a story recently that
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there's always paperwork and permits and this and that, that you need in any location at all.
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Canada is not the only one. Canada is just worse in many ways, but they went down to the states and the
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local municipal, you know, official or whatever called them and said, well, these are the permits
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you have to fill out and so on. But you know what? I'll fill them out for you. Don't, you don't have
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to worry about it. Can you imagine a bureaucrat in Canada doing that? Come on. So it's not even just
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the volume of regulation red tape. And you're right. Ford said he'd get rid of a lot of it. And he
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hasn't. It's also the attitude they find when they deal with officials in the US, because in Canada,
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profit is often considered a dirty word. If you don't have profit, I hate to tell you,
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you're not in business and you're not employing anybody. So, you know, part of it is culture.
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And we need to, you know, we need to, you know, give our heads a shake and realize if we're not
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welcoming to business, we're going to decline. We're all going to be negatively affected as an economy.
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Let's talk a little bit about the auto sector, which is in Grimm State. And you mentioned yourself
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that now GM is looking at downsizing along with Stellantis problem. We handed these companies
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all sorts of money. I mean, in the case of Stellantis, somewhere around $15 billion, you know,
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to build that EV plant in Windsor. And now, of course, they're saying, you know what, we're going
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to move production to Illinois and other states, you know, they're going to build their EVs somewhere
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else. And so I guess the question begs, what about the money that we committed to this company?
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And why wasn't there, at least as far as we know, some kind of jobs guarantee, you know,
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guaranteeing that these workers that they had, the 3,000 people in Brampton, you know, continue to
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work for Stellantis rather than being shunted aside in favor of a move to the United States?
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Yeah, no, it's, well, the Liberals are trying to block the agreement that they made with Stellantis.
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So that speaks volumes, doesn't it? If it had all kinds of guarantees in it, they wouldn't be blocking it.
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And the Conservative motion actually passed yesterday, which was great in the House of
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Commons. Mind you, the Liberals, that this is the, I mean, I've been around a long time,
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as you know, Mark, and I've dealt with governments for decades. This is truly the most secretive,
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sneaky government I have ever seen in the last 10 years in Ottawa. All governments hide stuff,
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and that should worry us. But never, but I've never seen anything like this. They hide everything.
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And even when they're directed by the House of Commons to do something like the Green Slush Fund was a
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good example before, you know, last year, before the House, you know, broke up federally most recently
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for the summer break or whatever. And we've never seen any of that. And we know there's lots of bad,
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bad stuff in there. So this is just another example of Stellantis business. Clearly,
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they didn't cover their bases or cover our bases. It's our money. But they, and they don't want to
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reveal it. Hopefully, we'll see it. Hopefully, they won't use some other sneaky little,
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you know, trick to deny taxpayers from seeing how they didn't protect their money.
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But the autumn sector in general, you know, whenever you see in a sector of the economy
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that constantly has to be subsidized, we have subsidized that sector forever, ever since it
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existed. Every few years, a few more billion gets tossed in. And of course, the kinds of
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subsidies we're talking about with a Stellantis to supposedly attract certain industry here. So
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there's something very wrong. I mean, it's one thing to bail out a company and then okay, it's on,
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you know, it's on an even keel now, and it might be worth doing once. But when it has to be done
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every few years, something very wrong with that industry.
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In light of everything that's happened, you would think that Canada would be embracing the
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resource sector, you know, because we could always, you know, that's who's paying the groceries,
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potentially. And yet, instead of jumping with both feet, building out our infrastructure,
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you know, building Northern Gateway or whatever they want to call it out to the Pacific, you know,
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easing up on these restrictions like the tanker ban, there's no sign that the government is going
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in that direction at all. And you can make the case now that given everything that's happened
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with Trump, the tariff issue, our slowing economy, this would be the time really to launch these major
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projects. And yet the government is still digging in its heels, Catherine.
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Yeah, well, I referred earlier to the ideologically driven policies. That's the biggest one right
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there. The fact that we have all this wealth that other countries want, good grief, you know,
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the member Trudeau said, there's no business case, give me a break. Ridiculous. But Carney,
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as we know, anybody that's read his book, should know, it's very socialist, it's very anti-fossil fuels,
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in general. And even mining, even it's not even just fossil fuels, it's also mining, it's these
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great big projects that could bring us such wealth to everyone, you know, to every Canadian.
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And I always find it ironic when people say in Ontario, the province I live in, they,
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oh, the federal government just did something bad to Alberta, what a shame for Alberta.
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Well, people, do you realize how much of Ontario and other provinces depends on the oil and gas sector?
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We have manufacturers that build pipes for pipelines, we have people that build all kinds
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of machinery for that industry. I mean, what benefits that industry benefits the entirety of
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Canada, in a big way, with good jobs, well paying jobs. And the fact that we're ignoring,
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this is what I say, if the answers to our problems were a mystery, that would be one thing, but they're
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not. The single most important thing any federal government could do right now to give the economy
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a real boost is open up our fossil fuel sector and extend that to mining as well. We hear talk
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about it all the time, but the action is missing. Yeah, absolutely. And there's no seem,
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you know, every time you think that it's the one thing that could help bail us out, you know,
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as we look at our budget coming down in a couple of weeks time, you know, November 4, we're expecting
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to see a deficit that could be running $70 billion. Some people say it'll be $100 billion. You know,
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how are we going to pay all this stuff? So it's all about spending, spending, spending at the federal
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level, including hiring plenty of public servants more than we've ever had before.
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Well, that's what gets me. Yeah, that's what gets me, Mark. The most substantive thing that Carney's
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done is expand government even more. And Trudeau expanded it by 40%, 40% in terms of people, 70%
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in terms of cost. I mean, good Lord, that's just not sustainable under any circumstance. And Carney
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himself, I mean, he talks a very good game, Carney. And I met with him frequently when he was Bank of
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Canada governor. So I kind of know the guy. And he does talk a very good game about having to,
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you know, open up things to this industry, that industry and so on. But he doesn't do it. And
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and this is just another example, expanding government, he said he was going to downsize
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government. Well, we've seen the reverse and the more of our resources that go to unproductive,
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unproductive government, the less goes to productive private sector, we know we have a productivity
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issue. And by the way, manufacturing and oil and gas are the two sectors that contribute the most to
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Canadian productivity. So damaging those sectors, which is what's going on right now,
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makes our productivity problem again, that's our wealth as individuals. And as a country,
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it makes the problem worse. We were really sold a phony bill of goods,
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weren't we during the election? Yeah, we really were.
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It was clever marketing. It was clever marketing, Mark. Yeah, it was clever marketing. I mean,
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you have to give them credit. It was clever marketing. But for people to believe at this stage
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of the game, that they got what they voted for. No, that's not happening. So I hope a lot of people
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out there are rethinking just how much this government and they keep saying the new government,
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but it's mostly composed of retreads from the from the liberal, the previous liberal administration. So
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it's really not very new. But there's no there's, we can clearly see why Carney keeps saying the new
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government, because he wants to distract from the fact that it's really a lot like the old government.
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And our economy continues to decline. I mean, the proof is you could argue
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however you want, but the proof is in those economic data. Nobody's inventing those. They're all bad.
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We need a trade deal. I mean, that would go at least part of the way towards alleviating things.
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It would take that pressure off of Carney. But as I mentioned off the top, you know, Dominic LeBlanc saying
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there's no deal. Apparently, things are heating up in terms of the intensity of the talks. Maybe they're
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getting down to nitty gritty. But you still have the Americans say that as far as the auto sector
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goes, as far as lumber goes, we don't want to talk about that. You don't want to go there. That's bad
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news for Ontario in particular, if you're talking about the auto sector, of course, lumber out west
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and so forth. This is not good. I mean, we've got to find other markets for our products. The problem is,
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of course, the United States is right next door. It begins with a trade deal. This got promised a
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trade deal by July 21st. We're well past that point, Catherine.
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Yeah. Well, business wants a deal. The most deadly thing for business and probably everybody in their
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own lives is uncertainty. When you don't know what the heck's happening, you don't hire, you don't
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build a facility. In fact, you might leave. You might think, geez, I don't know what's happening here.
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I'm going to go somewhere where I do know what's happening. It's bad for everybody. The trade deal
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is a huge factor that's driving uncertainty, obviously, for everyone. I've heard so many
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stories, Mark, from people in the system saying, our officials are ragging the puck down there.
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They're not trying to get a trade deal. The Americans, the various teams they have negotiating
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and so on. The Canadians will often come down with an outrageous demand, which they know is ridiculous
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because they know it's not going to be accepted by Americans, but they say it anyway. You hear all
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these rumors. There's a whole bunch of them. It's not just one or two. You have to believe there's
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something to it. I've just heard a lot of those stories about how our side of the negotiating
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doesn't seem to be playing seriously. It seems to want to delay it. And another rumor that's
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floating around, you've probably heard it too, is that Carney wants another election. He wants a
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majority. And right now, he's sort of, not exactly, but he only needs the NDP to go along with them,
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which they usually do. And granted, there's the odd exception. But the fact, if that's true,
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you know, if it's true he wants an election because he thinks he can get a majority,
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I would worry very much as to why he's so desperate to get a majority and what exactly he
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wants to do. And the fact that Canadian negotiators do seem to be ragging the puck,
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to use another hockey analogy, would suggest that maybe that is his goal here. The rumor is he wants
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it before the midterm elections in the US next November, like a year November. And again, we'll see.
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Yeah, but the thing is, the polls have changed recently, as you undoubtedly know. And right now,
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it doesn't look like he would have, at first, you know, every new government has a honeymoon
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period. And he had a honeymoon period where, look, you know, he was quite ahead in the polls and stuff.
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That's not so much the case now. So I'm wondering how that'll dampen his enthusiasm for another
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election. I also think Canadians wouldn't be receptive, as they should not be. You know, I remember
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Trudeau's 2021 election. Remember, we had an election in the middle of a pandemic because he
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wanted a majority. Didn't get it, thank goodness. But it just showed how these people don't care
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about Canadians. They just care about their own political fortunes and whatever it is they want
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to achieve. And given what they're doing now with the minority, I would very much worry about giving
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this carny government a majority government. Yeah, absolutely. I mean, he could engineer his own
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defeat somehow. I'm sure he could figure out a way to do it in the House and say, well, I didn't
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push for an election. You know, it's those guys over there. It's the conservatives, it's the
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block. They're the ones who voted against my budget or whatever. Could you imagine if the
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government ended up falling on a budget that's going to be tabled, you know, and just days from
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now, just a couple of weeks from now? Well, like I say, though, he'd have to
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have both the NDP and the block vote against him. And I don't see that happening, to be honest with you,
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no matter how horrendous the budget is going to be. And it's going to be horrendous. I have no doubt it's
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going to be horrendous. I'm going to say that was one thing I agree with Carney, and that was
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increasing funding for the military. That is one thing that should have been done a long time ago.
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So to be fair, that was a good move. And granted, it was done because of the NATO, you know, the NATO
00:22:54.300
numbers and so on. But who cares? I don't care. Our military has been starved for too long. And they're
00:22:58.460
a very admirable group of people that richly deserve to have better, you know, better conditions and more
00:23:05.100
money devoted to them, especially in this day and age, right, with all the threats we see globally. It's crazy.
00:23:11.260
Fair enough. Now it's time that we start pulling our weight. I agree. It would be nice if we had the
00:23:14.860
money to pay for it all, especially when it starts talking about 5% of GDP.
00:23:19.180
Oh, listen, just this morning, I see that China was given a bunch of, this is out of BC,
00:23:23.900
that China was given a whole whack of money, you know, for some climate thing. And I'm thinking,
00:23:27.740
if you got, if every government in this country got rid of all the nutty things they do,
00:23:33.260
a few million here, a few million there, a few billion here, often, and so on,
00:23:37.420
we could balance that budget at no time at all. We give tons of money to environmental groups. Why?
00:23:43.500
They're fully dependent on government. If they were worthwhile, they could raise their own money.
00:23:47.500
I mean, any, any group I've headed up over the years has always raised its own money,
00:23:51.580
never accepted a cent from government, because if you're worthwhile, you shouldn't need that. I'm sorry.
00:23:57.100
And if we got rid of all of those subsidies of, of, you know, third party groups and, and other
00:24:03.100
countries and so on, it would be, it would be massive. Yeah. We've got media accepting money,
00:24:09.900
too. Well, that's a whole, oh yeah. That's been an abject failure for Canadians, hasn't it? I mean,
00:24:15.180
media, they're, they're, they're so obsequious now. I remember when that first happened, reporters
00:24:20.460
that I know personally said, oh, this won't affect our coverage. Look at it now. Look at it now. It's,
00:24:26.620
it's like we're in the Soviet union or something with, with the legacy. And thank goodness for
00:24:31.340
independent media like you and Juno and you know, all the other ones out there because we're getting
00:24:36.060
at least some of the truth. Catherine Swift. Thank you so much for coming on the show,
00:24:41.260
Catherine. How do people support your organization? Well, they can go on our website,
00:24:45.100
website, ccnbc.ca. It's very simple. We have information on our, our billboard campaign,
00:24:50.140
by the way, that you were mentioning earlier, and we're going to keep it going as long as we can,
00:24:54.460
because we really feel it's such an important, you know, such an important point. It needs to be made
00:25:00.700
to, to, you know, sink in hopefully with an awful lot of Canadians. So just look at our website.
00:25:05.420
There's lots of info on that. Catherine Swift. Okay, my friends, that wraps things up for this
00:25:11.340
edition of Straight Up. Appreciate you tuning in. Let's do it again real soon, shall we? We'll see you next time.