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Juno News
- April 24, 2025
SHOCKING new study shows just how far Canada has fallen under the Liberals
Episode Stats
Length
25 minutes
Words per Minute
176.52327
Word Count
4,534
Sentence Count
336
Hate Speech Sentences
6
Summary
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Transcript
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Hate speech classification is done with
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00:00:00.000
China's killing our canola, $45 billion gone, Western farmers bleed, Mark Carney silent,
00:00:11.200
made millions off Beijing's dime. He won't fight. He's Beijing's banker, not our prime minister.
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Hi, I'm Candice Malcolm, and this is The Candice Malcolm Show. Folks, we have four more days until
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the election, until Canadians decide their fate. And I wanted to spend the show today talking about
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what has happened in Canada over the past decade, really paint a picture of our country, which I
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believe is in decline. You know, Pierre Poliev and the Conservatives, one of their slogans is that
00:00:48.480
Canada is broken. I think that almost all of us agree with that, but it's not just that it's
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broken. It's that Canada was this once great country, and we have the potential to be so much
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better, so much bigger, so much greater. And yet, stat after stat, every graph that I'm going to show
00:01:05.120
on the program today just paints a different picture of our great country coming apart, being in
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decline. And so I don't want to just dwell on the negative today. I want to also talk about the
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positive and how we can turn things around. And I'm very pleased today to be joined by Brett Wilson.
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Brett is an investment banker, an entrepreneur, and a philanthropist. And he was the star of CBC's
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Dragon Den, really did more for entrepreneurship and promoting really just the heroic efforts of
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free market business people taking risks, innovating exactly what our country needs. So Brett,
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thank you so much for joining the show. It's an honor to have you today.
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Brett Wilson Pleasure to be with you again.
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Well, okay, let's start with some of the things that I was talking about here. So I'll start with
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our friend David Knight Legg posted this about the quality of life index in Canada. So Canada is now
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ranked 29th in terms of quality of living. Here, I'll read from David's post. He says,
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we're 29. Under the Conservative government in 2014, Canada's quality of life index was tied for fifth
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with Denmark and Finland. After a decade of liberal misrule, using the identical metrics,
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Canadian quality of life has dropped to 29th in 2025. What happened? Well, he writes,
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a currently advised decade of reckless borrowing and debt, dying productivity, over-regulation,
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climate alarmism, widespread immigration fraud, vastly expanded obese bureaucracy, declining
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healthcare, rising crime, declining military, declining infrastructure, and a hollowed out currency.
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Our dollar is now worth 68 cents to the American dollar per capita. Wealth is now ranked alongside
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Mississippi, the poorest U.S. state. So, I mean, he really paints out all of the areas of decline.
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And I mean, the quality of life index is not a partisan group. It's very quite objective.
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It looks at every country around the world. Do you think this is just really a damning indictment
00:02:59.840
of liberal rule in Canada? Well, certainly the last decade's been difficult. There's just no policy,
00:03:05.800
no practice, no effort that I see in any way, shape, or form that has made Canada better. So,
00:03:12.100
the fact that, again, I go back to the polls in the fall. Obviously, the Trudeau liberals were
00:03:20.360
plummeting. You know, the numbers were just awful. And it was obvious that people's, Canada's disdain
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for Trudeau was palpable. The fact that a guy, I like, happened to like Mark Carney as a person,
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not as a leader, but the fact that he stepped back in and all of a sudden the liberals are going,
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oh, everything's fine. We're going to be okay. And you look at the cabinet that he's posted,
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21 of the 23 people, in fact, really all 23, were Trudeau. There's nothing new, nothing new
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happening. Guibault got moved over. He was one of the guys that helped destroy Canada's energy economy,
00:03:58.260
or tried to, and is working on it. But he's sort of stepped to the side, but he's still in cabinet.
00:04:03.180
He's not gone. And so, to try and answer your question better, the future requires change.
00:04:09.940
And the fact that somehow, with Carney in the driver's seat, the liberals think that there's
00:04:14.540
going to be change? There's no change. Nothing. And again, the results of the last decade have been
00:04:20.480
awful on every level, whether it's politics, or it's bureaucracy, or it's prisons, or it's the
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economy. Nothing has gone well. Nothing. I tend to agree that we need a total redirection in terms of
00:04:35.720
where our country is going. Just a few more graphs that I wanted to share here. So, this one here shows
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America's richest and poorest states versus Canada. So, this is really unbelievable. The richest
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American state, I don't like this at all, Brett. The richest American state is Washington, D.C.,
00:04:50.020
which isn't really a state. It's a district. But the average income in D.C. is $260,000. I don't
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think that's a good thing when the richest place in the country is the government town. And so,
00:05:01.340
you have all these wealthy, I don't know, government contractors or bureaucrats, frankly.
00:05:06.180
But regardless of that, the second richest state is New York state with $110,000 as their
00:05:12.400
GDP per capita average. Then goes Massachusetts. The U.S. average is $80,000. And then you get down
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to the poorest U.S. states, Arkansas, West Virginia. And that is where Canada would fit in. Canada would
00:05:24.960
be between the second poorest and the poorest American state between West Virginia and Mississippi
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at just $54,900 average GDP. This is another way of looking at that. The real GDP per capita growth
00:05:40.440
in the OECD. So, these are the richest countries, not just comparing ourselves to Americans in the
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States, but all of the world. You can see Ireland, Poland, Turkey, Lithuania. Those are the countries
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that have had tremendous growth over the past decade. The United States is sort of middle of the pack with
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18%. And you have to go all the way to the bottom, the second to least growth, 1.4% over a decade
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for GDP per capita. This is the next graph is showing the same thing, just in a different way.
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Again, Canada is at the bottom. And these are the years that the liberals were in office. These are
00:06:11.460
the years that Trudeau was prime minister. And for many of those years, Mark Carney was his economic
00:06:15.900
advisor. Final one here. This is to me just an absolute damning indictment of our immigration system
00:06:22.720
and how careless it was. Immigration, in theory, is a good thing. It can help our country. The way
00:06:28.700
that it was done under Justin Trudeau, it was really just open the floodgates, let everybody come in to
00:06:33.280
try to artificially boost our GDP. And so, here it compares the annual population growth with the top
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graph here, the number of new residential units constructed. No wonder there's a housing crisis.
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And it's a shame that this hasn't been a more prominent topic in the election campaign,
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how immigration has caused so many of these problems. You cannot let a million people into
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the country every year and then only build 100 or 200,000 new homes. Like, the math just doesn't
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add up and eventually it catches up on you. The next graph is also interesting. Annual population
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growth in Canada versus the change in number of family doctors and hospital beds. So, while we're
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having 1 million newcomers, I mean, in 2022-23, we added 2 million people. But at that same year,
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there were just 800 new doctors, 800 new family doctors out in the country. And 1,359 hospital
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beds were cut during that time. So, you know, no wonder our health care is in the state it's in.
00:07:34.540
No wonder our housing costs are spiraling out of control. And young Canadians just simply,
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the math doesn't make sense for them to ever in their entire lives be able to own even a one-bedroom
00:07:43.400
apartment. And yet, you know, it's clearly part of it is because of immigration. And we don't talk
00:07:49.780
about that. What do you make of all this, Brett?
00:07:52.220
Well, certainly the feds don't want to talk about immigration. And I mean, there's also a bias.
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There's a perception that there's a possibility or a probability that an immigrant will vote for
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whoever was in power when they were allowed into the country, allowed into the country without true
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application, without true qualification. And that, I think, is the saddest part of this whole process.
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Because I shared one of your earlier comments, which is, we welcome the world coming here,
00:08:19.480
but on a thoughtful, organized, and respectful basis. And right now, it's been none of the above,
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not thoughtful, not organized, and not respectful. And that's a big part of why we're suffering.
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And of course, the density increases in Ontario and Quebec, because there's greater populations and
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everything else. And it just doesn't make sense. The other thing that's happening is obviously a
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fight and a dispute between what the feds do for Medicare or healthcare, and what the provinces do
00:08:46.880
when they're responsible for healthcare. The confusion just abounds. And at no time did Trudeau
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ever acknowledge that provinces have rights, provinces have responsibility. The things he was
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trying to do, and just take ESG as an example, for the environment, you know, trying to slap the
00:09:03.380
provinces. And that's obviously, in particular, Alberta, to lesser degree, Saskatchewan, have said,
00:09:09.180
we're going to push back. And we're going to try and stop you from attempting to shut down
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our economy. And that goes back to the big picture is, can Carney build Canada? And he says, yes. And
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then he says, ah, but Bill C-69, we're just going to keep that in place. We don't really need to
00:09:26.700
waive that in order to build infrastructure. And again, the idea that Carney, or pardon me,
00:09:31.720
that Poilev has come out with very recently. And this is, it's an old idea, but it's new to the
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world of politics. And that's the energy corridor, being able to bring energy. And again, it's not
00:09:43.500
just east-west. We need an energy corridor that is north-south. We need to be able to get to
00:09:48.160
Hudson Bay. We need to get down into the states properly. Anyway, there's just so much, there's so
00:09:55.640
much that's wrong about the last decade, that it's staggering, if not stunning, that Carney can
00:10:01.380
pretend that the next decade under him would be completely different.
00:10:05.660
Well, it's interesting because he both tries to distance himself from Trudeau and say that he
00:10:10.140
wasn't there, even though, to your point, he has the same group of people around him. I think
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Poilev effectively pointed that out during the debate. And in some ways, they're copying the
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Conservative platform. The main issue of the debate originally, of the election, sorry,
00:10:24.260
it originally was going to be, well, we have this carbon tax or not. Obviously, the Liberals
00:10:27.500
championed it for a decade. It's very central to Mark Carney's sort of worldview and idea that
00:10:32.960
getting to net zero is of absolute importance. He sort of walked away from that. This week,
00:10:39.000
they both put out, both campaigns, the Liberals and the Conservatives put out their costed budgets.
00:10:43.480
And, you know, the top line is sort of both sides want to introduce new spending and rack up more
00:10:50.400
debt. Neither of them have a plan to get to balanced budget in the first term. I will say
00:10:53.940
that Poilev's campaign and platform included a 70% reduction in spending compared to Mark Carney,
00:11:01.880
who does still want to turn on the taps and spend in a Trudeau-esque way, actually spending more money
00:11:06.540
than Trudeau did. I wonder if you can comment on which budget you thought was better and which one do
00:11:12.920
you think would be better in creating the growth that our country so desperately needs?
00:11:17.500
Well, let me throw a curve with that question first. And that's just a comment on Trump,
00:11:22.700
which was obviously a huge part of what's driving the political conversations right now. And again,
00:11:28.620
I know some people hate me for this, but I happen to admire what Trump's trying to do. Again,
00:11:33.920
protect the borders, improve trade, reduce war, improve the environment properly and thoughtfully.
00:11:40.120
Anyway, all of that is a noble goal. I don't like his process. I don't like how he's going about it,
00:11:47.120
throwing his elbows, changing his plan, kicking us in the teeth from time to time. His 51st state jokes
00:11:54.040
are gone. Governor Trudeau was amusing for a period of time. But anyway, in all of that,
00:12:00.840
there's a thought that we can control costs. And one of his core messages was the Department of
00:12:06.120
Government Efficiency, obviously the Elon Musk. And whether Canada can find its own way of cutting
00:12:13.080
costs or not, I think only under Pierre Poilev can we do anything about costs. At no time,
00:12:20.540
and this goes back to answering your question, Carney hasn't made any effort whatsoever. The liberals
00:12:26.000
have made no effort whatsoever to talk about controlling costs. Remember their leader once said
00:12:32.000
that budgets just balance themselves? He didn't have a clue. And obviously, at this point, they don't
00:12:38.460
care. They just want to spend. They want to spend their way into control. They want to gift and give
00:12:43.720
stuff everywhere. And that's without infrastructure. And I think that's probably the most important thing
00:12:49.260
that we're seeing. And again, it's triggered by Trump. But the fact that we need infrastructure to move
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our natural resources. And whether you call our natural resources the hydropower of Quebec,
00:13:01.380
or the oil and gas industry in Western Canada, or potassium, or uranium, it just doesn't matter.
00:13:08.920
There's so many things that we can do better for the world. But we need infrastructure to ship it to
00:13:13.980
the world. And that's where the liberals for a decade have failed miserably. They've shut it down.
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They haven't even tried to build it. They've shut it down.
00:13:22.080
Well, it's interesting that at this point in the campaign, the campaign has been going on for five
00:13:25.200
weeks. Mark Carney has been in the prime minister role for, I guess, seven weeks now. And yet,
00:13:29.340
I don't even really know, Brett, where he stands on the issue of pipelines. You're right. He said
00:13:33.300
that he won't get rid of Bill C-69, which is the no more pipelines bill, basically. The regulations
00:13:38.420
make it so much that you can't get an infrastructure project built. In the debate last week, he oddly
00:13:44.360
misspoke and said that we own the Keystone pipeline, which, of course, is not a pipeline that was even
00:13:50.360
completed. It's the one that goes into the United States and brings Alberta oil to a refinery
00:13:55.140
in Texas. It is partially built, but it's not fully built. And I think he meant to say the
00:14:00.600
Trans Mountain pipeline. He said in English earlier in the campaign, in a campaign stop
00:14:06.480
in Kelowna, that he will use all of the powers of the federal government to get major infrastructure
00:14:11.920
projects like pipelines built. He said that he would even use the emergencies power. He was called
00:14:17.140
out on that at the debate by block leader Francois Blanchet, E. Francois Blanchet. And he kind of like
00:14:24.560
tried to walk over it and hand wave it away. And so here we are almost at election day. And I really
00:14:31.160
don't know where the leader stands in terms of pipelines. Alberta wasn't mentioned very much
00:14:37.040
during the campaign. It wasn't mentioned at all, to my recollection, during those two debates.
00:14:42.100
And so I'm wondering, from an Alberta perspective, do you think that these issues have been properly
00:14:48.560
litigated in the public? Do you think that more should have been done to discuss these issues of
00:14:54.340
economic development and growth and really grill the leaders to find out exactly where they stand
00:14:58.440
on these issues? Well, the federal government, which is liberal, still has an emissions cap contemplated
00:15:05.060
for the energy industry. And that's obviously been one of the greatest issues that Danielle Smith and
00:15:10.560
Scott Moe have fought back and thrown elbows saying, and partly, you know, when we introduced
00:15:15.000
in Alberta, what was called the Sovereignty Act, it was to make sure that we understood
00:15:19.000
as a nation who could control what. And at this moment, the liberals think they can control
00:15:24.480
everything. And it's that infrastructure failure that's a problem. By the way, a bit of history,
00:15:30.560
I had the privilege of having dinner with Pierre Paulev 12 or 13 years ago. Well, I met him with a
00:15:37.960
dinner we were doing with John Baird, had a great conversation, and have stayed friends with him
00:15:42.220
ever since. I also had lunch with Mark Carney the week before he was elected by the liberals. And he
00:15:48.780
was sitting and he was running around in Calgary, and he knows I've got a few connections here. And we
00:15:53.280
had a great conversation about infrastructure. And he was adamant, looked me in the eye and said,
00:15:58.080
I'm certain that we can build pipelines. And then a week later, he says, we're not going to restrict
00:16:03.760
Bill 69. So the fact that C-69 kills pipelines, and he doesn't want to kill it, tells me the liberals
00:16:10.640
are still confused as to what infrastructure really means. So no, I'm all in on Paulev. I'm all in on
00:16:17.060
this idea of energy infrastructure, and not just energy, sorry, natural resource infrastructure,
00:16:23.260
being able to ship what we are great at. And again, it goes back to the big picture, potassium,
00:16:28.440
agriculture, farming, trees, coal. I mean, we still ship coal. By the way, we've been shipping coal to
00:16:39.080
China for a decade, and not once have we ever charged a carbon tax on it. And yet, let's be
00:16:43.580
clear, liberals still plan to keep the carbon tax in place. The bulk of the carbon tax was never
00:16:48.700
explained. This idea that there was a credit, they lied about the numbers. Now they've said, oh, we're
00:16:54.640
going to stop the carbon tax. That's just to get elected. There's going to be a twist, a turn.
00:16:59.520
They aren't planning on eliminating the carbon tax. Why? Because Carney doesn't believe that the world
00:17:04.280
will survive without a carbon tax. Certainly. He's been crystal clear on that.
00:17:08.400
It's so core to his worldview, his ideologies. It's written very clearly in his book,
00:17:13.180
Values. I mean, he was the sort of creator of this concept of net zero, and that whole concept has
00:17:20.660
kind of gone away. It's interesting that Mark Carney gets kind of accused of being an elitist.
00:17:26.140
At one point in the campaign, he said he is a globalist and an elitist, and that's why he should
00:17:29.900
get elected, basically. He came from the World Economic Forum. The World Economic Forum isn't really
00:17:35.760
anything without him. And I think evident of that is the fact that Klaus Schwab has now resigned from
00:17:40.580
that organization. And I think that without those two figures, Mark Carney and Klaus Schwab, it doesn't
00:17:44.800
really exist anymore. The whole ideology is fading away. I think Mark Carney had a bit of a campaign
00:17:49.620
gaffe. That's what I would call it. Earlier this week, he went to a poutine shop near Granby, Quebec,
00:17:57.780
and he said that he was just like Trump. And he joked several times that it was like Trump at
00:18:03.260
McDonald's. I don't know why he would compare himself to Trump during the last week of the
00:18:08.000
campaign. I think maybe he was joking and he thought it was funny. This isn't really the comparison
00:18:13.500
that you want going into Election Day. Like, look at me. I'm going to do a photo op just like
00:18:17.640
President Trump did. I thought that when President Trump did, it was quite charming.
00:18:21.980
And that actually really helped his appeal, that he actually kind of likes getting into the role of
00:18:27.500
like being with the American public, working a working class job. He thinks there's dignity in
00:18:32.380
it. I didn't get that from Mark Carney at all. I felt like it was just kind of awkward. And literally
00:18:37.640
their entire campaign attack ads in this campaign have been, Paul Yev, look at Paul Yev, he's just like
00:18:42.860
Trump. And then here's Carney saying, I'm just like Trump. Dan, what do you think of Carney as
00:18:47.460
his ability to campaign and his ability to connect with everyday Canadians?
00:18:52.640
Well, that's been a bit of frustration. I think what's happened is that Carney is so much more
00:18:57.520
connectable than Trudeau. And so his benchmark is so low that it's easy to make him look better than
00:19:05.220
the last guy. And yet a thoughtful comparison would say, has this guy ever held a hammer or a
00:19:10.360
screwdriver? Has he ever actually built anything of relevance for anything other than himself?
00:19:16.500
I mean, Brookfield's obviously doing well. I mean, you saw the messages that came out of
00:19:20.540
the president or prime minister, whatever, the prime minister of England, whatever her title was,
00:19:26.640
I'm sorry. Liz Truss, I think you're talking about.
00:19:29.060
But her disdain for her Bank of Canada guy was palpable. And so if he hasn't really delivered on
00:19:36.900
anything at any time, anywhere, but he still looks better than Trudeau. And again, that's the bizarre
00:19:43.280
part here is Trudeau had developed such a disdain or the Canada had developed such a disdain for
00:19:49.380
Trudeau. It was across all platforms. It didn't matter where he started and the numbers. But again,
00:19:55.180
let's go back to polling. The polling obviously was very clear that at one time, the disdain for
00:20:00.620
Trudeau drove the conservatives up and the liberals down. You get rid of Trudeau and now all of a sudden
00:20:05.300
the liberals rally. I am, I'm openly skeptical that the polling is accurate. As a friend of mine
00:20:11.540
said, my kids don't answer the phone, but they do vote. And again, it'll be interesting to see where
00:20:17.220
all of this unfolds. I'm apprehensive. I'm worried that we're not going to be thoughtful as a nation,
00:20:23.100
because any thought at all says the last decade has to be replaced.
00:20:27.300
It's time to upgrade.
00:20:28.740
It's time to replaced.
00:20:29.800
Sorry, sorry to interrupt you. It certainly feels like it's time for a change. And it's frustrating to
00:20:33.940
me that some Canadians think that Mark Kearney has changed enough that he, you know, because his
00:20:37.980
face wasn't all over, he wasn't part of the Trudeau cabinet. It's interesting though, because Pierre
00:20:42.640
Pauli gets critiqued for being a lifelong politician. Well, Mark Kearney is a lifelong bureaucrat,
00:20:47.180
right? And so those are two kind of different skill sets. Yes, Mark Kearney ended up being the
00:20:52.720
chair of Brookfield. Brett, you're a businessman. You know that there's a difference between being the
00:20:57.240
CEO of a company where you're in charge of actually running the business and doing the operations
00:21:01.280
and being on the board, which Mark Kearney was on the board of several of these organizations
00:21:05.220
and he was the chair of the board of Brookfield, which is almost like an advisory role or like
00:21:10.340
a PR role. It's not someone who is actually running the business. It's someone who's almost
00:21:16.400
like in a, yeah, just some kind of an outside role that helps with the leadership team and
00:21:22.640
helps make decisions. So I don't really see, I mean, I suppose on the surface is a very impressive
00:21:28.320
resume, even just, you know, Harvard, Oxford, these big bank government jobs, but again, civil
00:21:34.020
service. And then when it comes to private sector, it's more like he's, he's just there
00:21:38.520
for the PR. Sorry to interrupt. He's got that same presence in terms of how he's running the
00:21:44.100
liberal party. He's present, but it's also obvious now that he's presenting a standard, a set of roles
00:21:50.580
and guidelines that was built by Trudeau's people, not by him. He's presenting the liberal platform.
00:21:56.160
Right. And, and so I wonder just from like a businessman, like entrepreneurial perspective,
00:22:01.660
like, do you share my pessimism about Canada? Do you think it's broken? Do you think that there's
00:22:07.720
hope? Like, is Canada just on this trajectory of decline that no matter who's in charge,
00:22:13.200
it's sort of too late for us? Or do you think that there are a set of policies that can turn Canada
00:22:19.180
into, like can give this new generation, like 20 year olds today, the same kind of opportunities
00:22:24.860
that were available for previous generations? Can Canada get itself back up in that comparison so
00:22:30.920
that our average GDP per capita is in line with the Americans? Or do you think that it's sort of
00:22:37.900
like too late? What do you think? Well, there's several conversations that erupt here. One, I am not
00:22:43.440
going to be participating actively and trying to have Alberta removed from Canada. I have no interest in
00:22:50.300
Alberta being associated as call it the 51st state. Now, do we need to do things differently? Yeah.
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I mean, the confusion, the confusion of letting the liberals grow our economy when they've destroyed
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it for 10 years is palpable. And the idea of building infrastructure and getting our natural
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resources to a global market makes sense. We need to manage our immigration. We need to manage
00:23:15.580
our bureaucracy. And that's where, again, the Department of Government efficiency will should
00:23:20.260
drive down costs in a dramatic fashion. The fact that we've doubled our bureaucratic headcount in
00:23:26.520
the last 10 years, doubled? No, none of that makes any sense. So again, I get really apprehensive about
00:23:33.460
a liberal, even a liberal minority government with the swing being either Block, who I don't think
00:23:41.600
should be running as a federal party, but that's a separate issue. Or the NDP, who don't offer
00:23:45.800
anything. They just get, they get sold. They're buying, they're buying votes. They're buying alignment.
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They, again, ignore the NDP. But no, I'm apprehensive. I'm extremely apprehensive about what's going to
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happen next week if the liberals wander into a continuous mood. The economy, we can regrow it. We can
00:24:05.840
rebuild it. We can get things going. But we can't do it under a liberal, in a liberal platform.
00:24:11.600
Well, it doesn't seem like they've really put together a picture of growth. Their entire campaign
00:24:16.260
was really just oriented around who can stop Trump, who can be the most anti-American, who can better
00:24:22.580
sort of balance that out, rather than who can best grow the Canadian economy, which I think is the
00:24:28.120
ballot box question. Well, Brett Wilson, we really appreciate your time and your insights. Thank you so
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much for joining the show. We appreciate it.
00:24:34.360
You're welcome. Look forward to chatting again.
00:24:36.260
All right. Thank you so much. All right. That's all the time we have for today, folks. We'll be back again
00:24:39.240
tomorrow with all the news. Candace Malcolm. This is The Candace Malcolm Show. Thank you and God bless.
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We'll be right back.
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We'll be right back.
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We'll be right back.
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Bye.
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Bye.
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Bye.
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Bye.
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Bye.
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Bye.
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Bye.
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