Juno News - WARNING! RECESSION ahead, Bank of Canada gives DIRE forecast, CBC offers employees grief counselling

00:00:00.000 I'm Candace Malcolm and this is The Candace Malcolm Show. Happy Friday, everyone. We have

00:00:05.300 a great episode for you today. We're going to focus on Fake News Friday. It's our favorite

00:00:09.480 show of the week where we just get to basically make fun of the legacy media for the terrible, 1.00

00:00:13.840 stupid stories that they play. We kind of do that every day on the show, though. But then 1.00

00:00:18.260 something really incredible happened, which is that the governor of the Bank of Canada,

00:00:22.140 Tiff Macklin, came out yesterday and gave a pretty dire warning. And so we're going to walk

00:00:27.080 through that. And I'm pleased to be joined today by some of my favorite online influencers. I'm

00:00:31.620 talking about Mark Nixon, who's a content creator focused on real estate, economics and politics in

00:00:36.240 Canada. And Kevin, who runs a popular X account, Government is Corrupt. So gentlemen, thank you

00:00:41.860 for joining us. Welcome to the show. Thanks for having us. Thank you. Okay. So Tiff Macklin,

00:00:47.200 this is an interesting thing, right? Everything about the Canadian economy, it's always hinging

00:00:51.500 on the trade war and the US. And we sort of use it as the reason for all of our problems. But those

00:00:57.800 of us who've been paying attention to politics and economics for the past decade know that our

00:01:02.220 problems are much, much deeper and that the trade war is sort of just like a catalyst into a potential

00:01:07.460 recession. But the problems are much, much deeper. So at this press conference in Ottawa on Thursday,

00:01:13.040 like I said, Bank of Canada Governor Tiff Macklin, he warned that the long lasting trade war is the

00:01:19.220 greatest threat to the Canadian economy and that it could push us into a recession. So I'm going to

00:01:24.060 play this quick clip and then I want to read some commentary on it and then I'll get your reaction.

00:01:27.680 So first, let's play this clip of Tiff Macklin. A long lasting trade war poses the greatest threat

00:01:33.760 to the Canadian economy. It also increases risks to financial stability. There are two key concerns.

00:01:41.580 In the near term, the unpredictability of US trade policy could cause further market volatility

00:01:46.440 and strains on liquidity. In an extreme case, market volatility could turn into market dysfunction.

00:01:55.440 In the medium term, a prolonged global trade war would have severe economic consequences.

00:02:02.980 Now, I think this is just sort of convenient that they can point to the trade war,

00:02:06.280 point to President Trump and say he's going to be the cause of all of our problems.

00:02:09.780 And this is the threat. I want to read what Dan Knight had to say about this. Dan

00:02:13.540 runs the opposition and just a fantastic writer. And I think he's spot on here. So

00:02:17.660 I'm going to read this bit by bit here and I'll get you guys to respond. So here's what Dan says.

00:02:22.660 He says, Ottawa, Tiff Macklin stood at the podium in Ottawa today, did what central bankers do. He

00:02:27.540 wrapped deep systemic panic in the calmest language possible. But if you listen closely beyond the jargon,

00:02:33.460 what you heard was unmistakable. The wheels are coming off. The Bank of Canada wants you to believe

00:02:37.780 that everything is under control, that our banks are resilient, our households are stress tested,

00:02:41.660 and our financial system is sound. But here's what they won't say out loud. Canada is dangerously

00:02:47.040 exposed and the people in charge have no real plan for what happens if the trade war doesn't end.

00:02:53.280 He goes on, he says that the Trudeau era economic doctrine enabled by the NDP and now carried on

00:02:58.180 by Mark Carney told Canadians we could borrow endlessly, tax productivity and offshore our economic

00:03:04.520 foundations in exchange for climate virtue, signaling and gender budgets. And now the math is finally

00:03:10.600 catching up. He says that health households are stretched. The bank admitted that credit card

00:03:14.680 and auto loan delinquencies are rising fast, especially among Canadians who didn't even qualify

00:03:18.840 for a mortgage. That's the underclass the Trudeau economy created. They're not homeowners. They're

00:03:24.080 not investors. They're renters with debt and no safety net. And now they're the first to crack.

00:03:29.560 And then he goes on to talk about the sort of more middle class people. He says even mortgage holders,

00:03:34.220 those who were stress tested at an artificially inflated rates are walking into renewal shocks.

00:03:41.320 We know this, that anyone who's coming up, anyone who had a five-year mortgage that's coming up for

00:03:46.240 renewal in the next few years is going to face huge increased rates, right? So he says about 60%

00:03:51.960 of all outstanding Canadian mortgages, which equates to millions of households, are set to renew in 25 or

00:03:57.080 26. Most of those were taken out at rock bottom pandemic rates. Even with interest rates easing,

00:04:03.500 the majority will still face higher payments, squeezing budgets already hit by inflation,

00:04:07.800 taxes, and stagnant real wages. I think this applies to almost every Canadian, right? We're

00:04:12.420 all feeling the same thing. And then he goes on to talk about hedge funds. He says, here's the best

00:04:17.040 part. They're now the biggest player in the Canadian government debt. Hedge funds, particularly

00:04:21.920 foreign-based ones, have rapidly overtaken traditional bank-owned dealers in the Government

00:04:27.780 of Canada bond market. According to the Bank of Canada, hedge funds now purchase nearly 50%

00:04:32.460 of auction volume in some bond maturities that account for 30% in the secondary trading market.

00:04:38.180 And so I was talking about this with you, Kevin, before we went on air, this idea that most Canadians

00:04:43.060 don't really understand bond markets, don't really understand hedge funds. Well, this is what Dan

00:04:47.660 says. I'm almost done here. He says, what happens is, so what would happen if these bonds just decided

00:04:53.420 that they didn't want to own Canadian debt anymore? Like they're foreign hedge funds and they just decide

00:04:58.360 like, okay, we don't really trust the future of Canada anymore. They decide to sell it. Well,

00:05:02.080 Dan said this would trigger a funding crisis, liquidity freeze. And if that hits, the Bank of

00:05:07.200 Canada knows exactly what it would have to do, just what it did during the COVID in the post years,

00:05:12.320 which was print money, intervene, and bail the government out. Again, we saw hints of this today.

00:05:16.580 Macklin saying that the bank might need to step in if the market appears dysfunctional. That's not a

00:05:21.120 forecast. It's a warning. This is what happens when you build your financial system on cheap debt,

00:05:25.440 speculative capital, and blind trust in globalism. This is what happens when you have your hand in

00:05:31.380 the economy run by unelected bureaucrats, international bankers, and hedge funds. And

00:05:36.660 now it's all starting to unwind. People who caused it want you to just stay calm, keep spending,

00:05:41.240 and be quiet. I think that's a very perfectly stated overview of the financial system in Canada.

00:05:48.120 So I'll start with you, Mark. What was your take from Tiff Macklin's comments yesterday?

00:05:53.120 When you think about the Canadian economy, which to me, it seems like heading towards something very

00:05:57.540 scary. Yeah, actually. So, you know, I've been tracking this for several years now. So this is

00:06:04.300 no surprise to me at all. Just two years ago, I mean, I was looking at how low the rates were. And

00:06:11.320 when I saw the rates rise at the fastest pace in Canadian history and reach that 5% in such a short

00:06:18.820 amount of time, I knew that. So the way it works is it takes 18 to 24 months for interest rate

00:06:26.900 hikes or decreases to work through the system. Lots of people don't know this. This is actually on

00:06:33.160 the Bank of Canada's website where they show and they describe this. So when the rates go up to 5%,

00:06:40.460 5%, you know, you're going to notice some things, but it takes two years for it to work through. We're

00:06:46.940 just starting to feel the full effects of the 5% interest rate. So yes, it has something to do with

00:06:54.480 the U.S. and uncertainty. It just adds to the problem. The problem was already there. Canadians are 1.00

00:07:02.440 one of the most indebted countries on planet Earth, like for consumer. Consumer debts at 184%. That means

00:07:11.580 for every dollar you make, we have the service 184%. And so what happens is, is many people and

00:07:20.380 Tiff Macklin was at fault for this as well as during the pandemic, they came out and Justin Trudeau came

00:07:26.380 out and said, rates are going to be low for a long time, Glenn. I don't know if you remember that

00:07:31.400 interview, but in that interview, they encouraged Canadian citizens to borrow and to leverage their

00:07:37.580 properties because interest rates would be low for a very long time. Look at historical. In history,

00:07:43.780 interest rates have always been going down. Yeah, they go up a bit, but they've been going down for

00:07:48.880 40 years. We're in a new 40-year debt cycle. It just started in 2020. Rates have gone up. They're

00:07:56.940 going to come back down, but the next cycle will be higher than the 5%. We're in a deleveraging 40-year

00:08:02.980 period. The problem is, is in Canada, we have, you know, our, they said that we have to break the

00:08:10.660 glass. Who remembers the Bank of Canada, Carolyn Rogers, with her famous break the glass speech?

00:08:17.200 That was before this speech. They've been, they've been warning us about the potential issues. So

00:08:25.520 for example, back in 2020, many of the mortgages, the average mortgage rate was sub 2%.

00:08:32.400 Today, if you were to get a mortgage, you're around 4%. So you're doubling your mortgage interest

00:08:39.640 costs. A lot of Canadians, and they showed like 60% of Canadians are living $200 away from

00:08:46.740 insolvency, you know, and, and imagine you lose your, your, your revenue, your employment, or,

00:08:53.180 you know, so there's, there are some, I'm not trying to scare anybody, but this has been a thing

00:08:59.820 in, in the making for quite some time now. There was probably going to have to be government

00:09:05.000 intervention. And, and if you want to stay up to date with this type of information, make sure you

00:09:11.500 follow me on X and my other channels because I'm in the pulse of this information and I'm providing

00:09:17.320 updates as it materialize. Well, yeah, I think you're known kind of as like the chart guy on

00:09:22.360 TikTok. You always have all the numbers and break it all down, which is what we love about it. Kevin,

00:09:26.940 I want to bring you in on the conversation because like, if you look at the financial picture of just

00:09:31.900 everyday Canadians, it isn't good, right? We're over leveraged. And like Mark just pointed out,

00:09:36.080 many of us are just $200 away from not being able to make ends meet. And then you compound that with

00:09:43.220 what our government does, which is just unbelievably blow out the budget. Justin Trudeau doubled the

00:09:49.780 government debt federally in his just nine years in office. It's like everything in our society,

00:09:55.320 we just like totally responsible when it comes to money. And it's hard to even see a way out of it.

00:09:59.900 Like, yeah, as Tiff Macklin warned, the government might have to intervene, but it's not like they're in

00:10:04.120 good financial shape to begin with. It's not like they have been saving and putting away money for a rainy

00:10:09.540 day, right? They've been blowing out the bank too. So this is like a cross-society problem. Like, what do

00:10:14.200 you make of all this? Well, it's interesting, you know, in times of economic uncertainty, from a country's

00:10:21.660 point of view, usually you would lean on your gold reserves, right? You know, if there was an economic

00:10:27.320 crisis, you know, you would go to your gold reserves to stabilize the market. Canada is one of the only

00:10:33.000 countries that has no gold. So, you know, we're apparently in this, you know, massive economic

00:10:39.580 crisis, yet we've been selling off our gold reserves since the seventies. And the final sale happened in

00:10:44.740 2016 under Stephen Pelosi, Justin Trudeau as prime minister. So we don't even have anything to lean

00:10:52.040 on when it comes to, you know, dealing with this economic crisis. So there's really, you know, you talk

00:10:57.540 about, you know, foreign hedge funds holding our bonds. There's only real two options that the

00:11:03.540 central bank can do. You know, if they decide to sell, they can just let interest rates rise because

00:11:09.020 there'd be no buyers. So bond values fall, interest rates rise, or they could intervene and then they

00:11:14.760 could buy up all the debt that, you know, the are, that these hedge funds don't want by creating

00:11:21.960 currency out of thin air, which would, you know, collapse the purchasing power of the currency

00:11:25.960 and drive inflation, you know, to even higher levels that they are now. So there's really two,

00:11:32.320 only two ways out of this mess that we've created, which is a deflationary collapse, you know, collapse

00:11:37.880 of, you know, all these asset bubbles, you know, stocks, real estate, and massive job losses and

00:11:45.880 bankruptcies that sweep the economy. Or you could have an inflationary or a hyperinflationary collapse,

00:11:51.560 something like Venezuela. So there's no real easy way out of this. But, you know, if you were to be

00:11:57.700 asked, what is the better of these two scenarios, the better is a deflationary collapse, because at

00:12:03.440 least the middle class, and at least, you know, because your currency doesn't get shredded through

00:12:09.440 inflation, right? So at least you'll be able to survive. But you know, when you take talk, take a

00:12:13.800 look at, you know, inflationary or hyperinflationary collapses, we've seen many of them, Weimar, 0.86

00:12:18.480 Germany, Zimbabwe, Venezuela. It's complete catastrophe is probably the worst thing that

00:12:24.960 could happen. So government intervention into this central banking intervention into this,

00:12:29.520 to try to solve the problem that they have been creating for decades is only going to exasperate

00:12:34.800 the problem and make it so much worse and make it so much more painful.

00:12:38.080 Well, it's so interesting that you say that the loony might not exist or it might collapse

00:12:42.880 under all of this. We kind of think that we are like in a different class or like in North America,

00:12:47.200 we're safe, more protected from all those other things that have happened throughout history.

00:12:50.960 Even I saw earlier this week, Conservative Interim Leader Andrew Scheer was on CBC,

00:12:56.240 and the CBC host was like debating him over whether or not Canada printed money during the

00:13:00.960 inflation. It was like a distinction without a difference. The CBC was just pushing pure

00:13:04.640 propaganda. But Mark, I want to tie this into Canada's unemployment report just came out,

00:13:09.440 the numbers are in. It looks like the rate of unemployment rose by 6.9% in April and the economy

00:13:15.600 only added 7,400 jobs. And you pointed out to me that about half of those were temporary election

00:13:22.640 related jobs. And so the numbers are really just not looking good.

00:13:26.080 Yeah. So, I mean, we were at 6.7, we're at 6.9. This is the highest level of unemployment

00:13:35.120 unemployment since 2016 outside of the pandemic, as well as we're going to lose. So this jobs report

00:13:43.520 included 37,000 jobs that were hired for the election. So those are going to vanish. We also

00:13:51.040 have the film industry, which provides almost a quarter of a million jobs in Canada. People don't

00:13:58.880 know about it. It creates about 14 billion dollars worth of economic activity. And the US represents

00:14:07.200 over 50% of all of the revenue jobs. And with the 100% tariff threat, which I have to say, I couldn't

00:14:17.200 believe it, but it was not mentioned when Mark Carney was in the White House or during any of his meetings

00:14:24.080 with Donald Trump. And I don't know if you saw Yves Francois Blanchet, but he said,

00:14:30.160 you know, how did he not know? I'll give him a break on that because it only he only announced

00:14:36.080 it 24 hours ago. But I think he was being sarcastic because if something was announced 24 hours ago,

00:14:42.720 it should be first thought or first on your mind because it's so recent. So yeah, a quarter of a

00:14:50.080 million jobs and those are in Vancouver and Toronto. And also in the report, it showed that the city of

00:14:56.640 Toronto has unemployment rate over 10%. So just imagine the film industry goes belly up and it's

00:15:06.000 already at 10% unemployment rate in the city of Toronto. So that's something to be paying attention

00:15:11.760 to. Obviously, there's some manufacturing job losses due to the pandemic or due to the tariffs from

00:15:20.240 from the US. So my take on this is that the Bank of Canada, they're in a tough spot because

00:15:28.160 they see the economic, they see this report and they, you know, so we just found out yesterday that

00:15:34.960 the Federal Reserve maintained their policy rate, they didn't move. And the Bank of Canada wants to

00:15:41.920 move in sync with the Federal Reserve because if they move and there's a larger spread between

00:15:50.000 the rates, then that affects the Canadian dollar. They might not be in a position where they could

00:15:55.840 support the dollar based on this jobs report. They might need to support the economy. They said they're

00:16:01.520 going to look at it data set by data set. Well, this is a negative data set. So before I was thinking

00:16:09.360 that they were going to be pausing over through the summer and the next rate cut would be potentially

00:16:14.080 September. We're now looking at a potential rate cut in June. So next month. So that's what, yeah.

00:16:21.040 Well, Kevin, I want to bring you in on a part of this because Mark was talking about how,

00:16:26.240 you know, you would really think that Donald Trump went out there and announced a 100%

00:16:30.400 tariff on the film industry, which like Mark said, in cities like Vancouver and Toronto is a huge

00:16:35.440 industry. I grew up in Vancouver, I have a lot of friends in the film industry and adjacent to it.

00:16:39.280 I actually used to work in it when I was a student. But anyway, like the industry came because of

00:16:45.440 government subsidies, right? Government lured in the big American companies in part because Canada

00:16:50.080 had a lower dollar, although back then it wasn't as low as it is today, but in part because it would

00:16:54.480 get all of these film credits. And the fact that Trump is kind of countering that saying,

00:16:59.200 you can't cheat, you can't just bribe American companies to leave America without us fighting

00:17:04.160 back. To me, that's fair. It's devastating, but it's fair. The fact that that wasn't brought up,

00:17:09.600 though, in Carney and Trump's meeting, I just think it's such an indictment of how weak Mark Carney was.

00:17:16.320 And yes, I came on the show and said that Donald Trump walked all over Carney. I think that the general

00:17:21.200 consensus online, if you were on X or on YouTube or on any of these platforms, the independent voices,

00:17:27.840 independent journalists and content creators all kind of agreed that Carney was looking sheepish and

00:17:34.320 couldn't get a word in and was humiliated basically by Trump. And yet when you turn on the legacy media,

00:17:39.840 if you read the Toronto Star, even Post Media, certainly the CBC, they literally had the exact

00:17:44.880 opposite take. That Carney did fantastic. It was a great first meeting, that he got this great line in

00:17:51.680 saying that some real estate properties are never for sale and Trump agreed to that and really just

00:17:57.840 praising Mark Carney if he'd done something incredible. To me, it was such a distinction

00:18:02.400 that it was literally the exact opposite of what actually happened. So I wonder if you could comment

00:18:07.840 on those things for me. Well, yeah. If you actually took the time to watch the entire press conference,

00:18:13.440 you know, 30, 35 minutes or whatnot, and you analyze, you know, Mark Carney's actions, his body language,

00:18:22.480 and if you, you know, analyze Trump and the interaction, it was clear as to who was the

00:18:28.480 dominant and who was the submissive in that relationship between the two. You know, Mark Carney,

00:18:35.040 at one point, you know, Donald Trump was going on for about 20 minutes. Mark Carney had basically put

00:18:40.880 his hand up so he could talk. And then he, you know, gave this spiel that it sounded like he's

00:18:46.240 been rehearsing it in his head for weeks. And it's a line that he's been saying on the campaign trail.

00:18:52.560 So it's nothing new. It's just another slogan, which is interesting because he is the guy that

00:18:57.760 apparently hates slogans. I guess, you know, left wing slogans are okay. But, you know, it was quite

00:19:04.960 clear who won that. You know, Donald Trump said four things. We don't want your cars. We don't

00:19:13.840 want your steel. We don't want your aluminum. And your predecessor was a disaster. Talking about

00:19:19.360 Krista Freeland, how she was horrible. And I'm sure your audience is aware, and I'm sure you're aware

00:19:25.280 that, you know, Mark Carney is the godfather of Krista Freeland's child. So he didn't even have the

00:19:32.080 ability or the backbone to stand up and defend his, you know, godchild's mother. So does he really have

00:19:40.880 the backbone to stand up for Canada when he can't even stand up for, you know, his own supposed,

00:19:45.760 you know, family? I guess you can call it a family because, you know, they're pretty close. So, you

00:19:50.880 know, it just shows you that he's very weak, you know, and he's only able to talk in sound bites.

00:19:58.080 And, you know, I don't really see him as being this, you know, he campaigned for a very long time

00:20:04.720 saying that, you know, vote for me. I'm going to stand up for Trump. And all his base were like,

00:20:09.120 yeah, we're going to vote for you because you're going to stand up for Trump. And then,

00:20:13.280 as soon as he had the opportunity, he didn't do it. And then all of his supporters said, you know,

00:20:18.400 he was such a genius for not standing up to Trump. So, like, it just, you know, the mental

00:20:24.960 gymnastics and the pretzel logic that goes on in these people's heads, they're never going to admit

00:20:29.600 that they were wrong. But it's clear as day as to who came out on top and who didn't, you know,

00:20:36.880 tariffs are still on. He doesn't want our products. And he basically insulted, he talked about the

00:20:42.400 Canada's 51st state, he insulted our predecessors, and Mark Carney didn't have a word to say other than

00:20:47.440 Canada's not for sale. Well, and not only that, but the very next day, the governor of the Bank of

00:20:51.920 Canada comes out and says, this is the biggest threat to Canada, and it will prompt us into,

00:20:56.480 like, a spiral and a recession. So the Bank of Canada, you know, the guy that took, you know,

00:21:01.840 there was a few in between, but Mark Carney had that job once upon a time, and now Tick Devakins

00:21:06.320 is coming out the day after. I don't think that's exactly a glowing endorsement that there is

00:21:10.720 institutional trust that Mark Carney will do the thing that he said he was going to do. Mark,

00:21:16.320 what do you think about this? Yeah, I have two points about the meeting is,

00:21:22.160 so I counted airtime, so how much speaking time on each side, it's kind of like when you

00:21:27.520 play sports, they actually track how much time, say, let's say hockey, how much time the puck's on your

00:21:34.400 stick, or, you know, how much time you're on the ice. Well, they did it for the debate. They had a big

00:21:38.880 clock right on the debate stage saying how many, how much time each of the four leaders had speaking.

00:21:43.600 So it's a political thing too. Is there an interrupt? You can go. Yeah, exactly. So,

00:21:47.040 and one of the things is I tracked that and then I published my findings on my X account and it blew,

00:21:53.440 like it got like 300,000 views right away because it showed that Mark Carney only spoke for

00:21:59.760 three minutes and 12 seconds and Donald Trump spoke for 30 minutes. I mean, you don't, you don't need to

00:22:06.560 explain how the meeting went. You just show that statistic and you're like, well, I mean,

00:22:11.360 he didn't have an opportunity. Another point that I wanted to make a comment about that because I'm

00:22:16.400 pretty sure that Marco Rubio spoke more. I don't know if you guys watched the whole thing, but at

00:22:20.160 one point during Trump's remarks, he kind of got sidetracked and he started talking about the Houthis

00:22:24.640 and a ceasefire and then he just sprang it onto Marco Rubio to kind of give an impromptu speech about

00:22:29.360 the Houthis. So I wouldn't be surprised if Marco Rubio got more airtime than Marco Rubio. I didn't track

00:22:34.880 that. I just tracked the two, but that would be a funny statistic. Another part of the that I

00:22:40.560 published as well is that and it's incredible is Mark Carney is number one woke. He loves woke.

00:22:48.480 Woke is number one with Mark Carney. So is Justin Trudeau. They're the wokest people and they're going

00:22:53.440 to defend it. And that's why when one of you says Donald Trump is at war with woke, but in Canada,

00:23:00.160 we're all about diversity. And then when Mark Carney's sitting there and he, he only has three

00:23:06.400 minutes, Donald Trump and I, and I counted Donald Trump smashed. And I mean, completely destroyed

00:23:14.560 woke for four straight minutes. So he had four minutes of destroying woke, which is more than all

00:23:21.680 all of Mark Carney's talking time. I thought that was, and, and you should have seen his face. I,

00:23:27.360 I screenshot a couple on his face. He was just like, man, I wish he didn't go down the woke train.

00:23:32.560 So he didn't like that. And if you say you were woke, say you were someone who is like really all

00:23:37.920 in for trans and kids and like all the craziness of the woke ideology, you would probably be pretty 0.96

00:23:43.680 disappointed that your guy, Mark Carney got elected and there he was just like biting his tongue and

00:23:48.880 quietly sitting there while Donald Trump was eviscerating the entire ideology. Like again, that,

00:23:55.120 that just shows that Mark Carney doesn't have a spine. If he truly believes in this stuff,

00:23:58.480 he would have voiced his expressions, but he, he didn't. He kept quiet. One of the things I also

00:24:03.120 noticed was that Mark Carney showed up with the delegation. It was Dominic LeBlanc, finance minister,

00:24:10.960 Melanie Jolie, the foreign minister was the same foreign minister as Justin Trudeau. And then I thought

00:24:15.200 it was Bill Blair, but I think it was actually David McGinty. So he shows up at this meeting in the Oval

00:24:19.680 office with three Trudeau ministers who were the same ministers as the Trudeau government.

00:24:25.360 And so it was kind of embarrassing when Donald Trump noticed and said, you know, by the way,

00:24:31.120 your predecessor was terrible. And that woman that worked for him, he didn't even, I don't even think

00:24:34.480 he knows her name. Right. But he just started ranting against her. And like literally, you know,

00:24:39.440 the, the, the three people on the couch with him are like the same people that were part of that

00:24:44.320 administration. It was just so cringe. What did you think, Kevin?

00:24:48.880 Well, even if you go back a little bit before that, just to show how much the United States or

00:24:53.680 this, you know, presidency has respect for Canada. Did they meet them at the airport? Was the vice

00:24:59.520 president there? Was, you know, a secretary of state there? No, it was a bunch of, you know, staffers

00:25:06.000 from the Canadian embassy that met Mark Carney at the airport. There was, there was nobody from the

00:25:12.080 United States, you know, nobody of, you know, any clout anyways, that was even there. So that right

00:25:18.000 there, that shows you just how, how little respect they have for, for, for, for this, you know, this

00:25:23.920 prime minister or this, you know, political party. No, that's such a good point. I think we forgot to

00:25:28.400 cover that, that there's usually a protocol that when a head of state comes or met with, if not the head

00:25:33.280 of state, someone high ranking, right? Like the high, a high ranking member from like the Senate or from

00:25:37.920 the administration. But you're right. There was nobody, there was nobody there. And it was

00:25:42.000 the same thing, by the way, when Mark Carney first got elected, he went over to the UK and France

00:25:47.520 and he wasn't greeted by first ministers or the president or anything. He was again, just met by

00:25:54.160 bureaucrats, which I think, I mean, for Canadians, it's like, remember the whole Canada's back thing?

00:25:59.120 Remember how Justin Trudeau was supposed to restore our digital world stage and our, our standing? And

00:26:04.000 instead it's like, nobody cares. Canada is just a total afterthought and it's not even worth a trip to the

00:26:09.840 airport. Okay. I want to bring in this one final story here. Uh, this is so amusing. Apparently

00:26:15.280 our friends over at the state broadcaster, the CBC spent $68,000 to gauge their employees' feelings

00:26:23.840 and their hurt feelings over mean things said online. So this is according to Blacklocks says,

00:26:29.040 ask CBCers about feelings, came out yesterday. The department of Canadian heritage paid $68,640

00:26:36.080 for research that asked CBC journalists if they were the subject of hurtful remarks by conservative

00:26:41.840 politicians or rival media, according to an access to information record. The study did not name names,

00:26:47.760 but said that 50% said that opposition political parties were a source of their hurt feelings. So,

00:26:55.200 wow, what a waste of money. Um, this is what you come to expect at the CBC. It's like a, a group

00:27:00.320 therapy session. And I just want to tie this to the CBC with like a straight face, put out this report.

00:27:06.880 I covered on the show earlier this week about how Danielle Smith's trip to Mar-a-Lago cost taxpayers

00:27:12.480 $10,000. So they were outraged over the $10,000. They spoke to a political science professor to talk

00:27:18.000 about waste. They pretended that nothing came out of the meeting. That was a total waste of time. Of

00:27:22.000 course, they didn't look into the cost of like Justin Trudeau going to Mar-a-Lago probably with like 25

00:27:27.360 staffers on a, on a government jet or the cost of like all the lobbyists that the government

00:27:32.160 pays to try to like get special trade deals or anything like that. But they're really outraged

00:27:36.480 by $10,000 for the premier. And apparently it was three staff. I said on the show, two staff,

00:27:40.560 it was actually three staff to fly from Edmonton, Alberta to, uh, Palm Beach, Florida, right across

00:27:47.040 the entire continent. Apparently they didn't even fly business class. The premier of Alberta flew economy

00:27:52.240 and they only spent $10,000 for four people to spend two nights in Florida and score two

00:27:56.800 meetings with the most powerful person in the world. So just juxtapose that $10,000 by the

00:28:01.360 premier to meet Trump, huge waste of money, but they themselves can spend $70,000 to talk about

00:28:07.200 their hurt feelings. I'll go to you first on this one, Kevin. Well, you know, what's funny is they

00:28:12.080 probably spent more money putting that journalistic piece together. Uh, they probably spent more than

00:28:16.880 $10,000 trying to, you know, put all that, all those facts together than, you know, Danielle Smith's

00:28:22.000 $10,000 trip. So again, it's just hypocrisy and, you know, you know, they'll, they'll never point out

00:28:28.240 the, the, the scandals and the corruption in their own, um, on their own side, but they become into,

00:28:33.840 you know, uh, forensic investigators when it comes to everybody else, you know, it's the same thing

00:28:38.480 as, you know, the meltdown with the $16 orange juice, but you know, uh, you know, billions of dollars

00:28:43.440 to the green slush funds, nobody cares. Well, and it's only when conservatives are in office,

00:28:48.000 right? Nobody, nobody filed access information to find out how many, how much orange juice the,

00:28:53.040 uh, you know, Catherine McKenna or any Trudeau minister was drinking. It was only

00:28:56.560 for the conservatives. Uh, what do you think, Mark, what do you think about $70,000 for therapy

00:29:01.280 or research to find out if CBC journalists have hurt feelings?

00:29:06.640 Uh, I think that's atrocious, but one thing that, you know, going back to the $10,000 for Danielle Smith,

00:29:14.080 one thing that people don't, I don't know if people know this, but Melanie Jolie has

00:29:22.640 a $51,000 a month, not, not year, a month bar tab where she, she's been spending $51,000 a month on

00:29:35.520 alcohol. So when you look at that and then I'm like, well, no wonder they brought her to the White House.

00:29:42.080 She's got to boost these people up. So, you know, that makes sense because when, during the, um,

00:29:47.680 what she said, and I don't know if you guys saw the press conference, but she said in the press

00:29:52.720 conference, it was such a successful meeting between the U S and Canada because Mark Carney had

00:29:58.480 the opportunity and, and Donald Trump to get to know each other. Are you kidding me? They've known

00:30:04.240 each other for two decades. They're business partners. There's nothing to know about or get to know of.

00:30:09.760 So, you know, that's, um, yeah, I, um, this study thing, spending 70,000, um, our, our country,

00:30:19.040 that's why our country, um, is in the mess that we're in right now is because of absurd things like

00:30:26.800 that. We need to get back to common sense. And if we don't get back to common sense quickly,

00:30:32.960 we're going to be in a world of pain. Well, it was a perfect way to end the show

00:30:36.960 on. I couldn't agree more. Mark Nixon and Kevin from government is corrupt. Thanks so much for

00:30:40.880 joining the show guys. I had a lot of fun and have a great weekend. Thanks for having us on.

00:30:44.400 Thank you. All right, folks. So the time we have for today, have a wonderful weekend. We will be

00:30:48.880 back again on Monday with all the news. I'm Candace Malcolm. This is the Candace Malcolm show. Thank

00:30:52.480 you and God bless. You're watching Juneau news, Canada's fastest growing independent news network.

00:31:02.640 Our team works day and night to bring you nationwide coverage of the issues that matter,

00:31:08.960 honest reporting of the stories that put Canadians first. From far and wide, Juneau is doing the work

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Juno News - May 09, 2025

WARNING! RECESSION ahead, Bank of Canada gives DIRE forecast, CBC offers employees grief counselling

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