Stand on Guard with David Krayden - February 22, 2025


Ruby Dhalla Out： Liberal Woke Hypocrisy is on the March ｜ Stand on Guard


Episode Stats

Length

28 minutes

Words per Minute

134.59474

Word Count

3,846

Sentence Count

299

Misogynist Sentences

16

Hate Speech Sentences

14


Summary

Backdoor Racism is a term coined by David Crayton to describe a phenomenon that has plagued the Liberal Party of Canada for a long time. In this episode, he explains what it means and why it needs to stop.


Transcript

00:00:00.320 Hi, welcome back to another episode of Stand on Guard. I'm your host, David Crayton.
00:00:04.900 Have you heard of a concept called backdoor racism?
00:00:10.940 Well, I think it's a concept I'm going to describe for you, and I think it's a phrase I can coin,
00:00:18.160 because it's what the Liberal Party has been all about for many, many years.
00:00:24.600 This is a party that pretends to be all for visible minorities, always defending women.
00:00:34.740 And actually, it does neither.
00:00:38.560 It throws its women candidates under the bus.
00:00:43.580 It destroys its women MPs.
00:00:46.740 And it doesn't even allow an Indo-Canadian woman to run for the leadership of the Liberal Party.
00:00:57.960 Do you remember this?
00:00:58.780 Just a couple of days ago, they fed Bob Fyfe, my old friend Bob Fyfe from the Globe and Mail,
00:01:04.520 this incredibly stupid, noxious story that Ruby Della,
00:01:10.240 yes, Ruby Della, who's running for the leadership of the Liberal Party,
00:01:15.440 was being targeted by India.
00:01:20.500 And she was a recipient, somehow, of Indian aid, assistance,
00:01:28.160 to try to help her win the leadership of the Liberal Party,
00:01:31.900 so that wonderful Mark Carney couldn't take control and become Prime Minister.
00:01:37.720 I have rarely heard a more ridiculous story than this.
00:01:43.880 And it gets worse.
00:01:45.800 And we'll go through this.
00:01:47.520 Because I know I'm probably the last person here on the Internet
00:01:52.380 to actually tackle this subject.
00:01:54.860 But I have been watching it with greater and greater interest.
00:01:59.320 Because this, to me, is precisely what is wrong with the Liberal Party.
00:02:04.840 And I've sent comments, asked for comments from various people overnight about this.
00:02:11.920 And they're all disgusted with how the Liberal Party is doing this.
00:02:17.720 First of all, she was a recipient of Indian interference.
00:02:22.660 Then, of course, there were some economic issues going on.
00:02:27.040 She had somebody was donating too much money.
00:02:31.560 Too many people at the same house.
00:02:34.920 Too many people with the same postal code.
00:02:38.140 Oh, and it was $21,000.
00:02:41.460 Even though Mark Carney is a multi-multi-millionaire
00:02:45.820 with a company that just moved from Canada to the United States
00:02:50.420 so that it could avoid any of Mark Carney's tariffs,
00:02:55.140 carbon tariffs, or carbon taxes.
00:02:58.800 Yes.
00:03:02.360 This is enough to drive anybody crazy.
00:03:06.480 But that's what we're dealing with.
00:03:08.660 With this country right now.
00:03:10.500 This country has never been more corrupt because of liberals like Mark Carney.
00:03:17.380 Let's watch this.
00:03:21.000 This is what happened.
00:03:22.260 All right.
00:03:28.900 So, probably as a result of so many conservative party people
00:03:34.800 and small-c conservatives who don't belong to any party,
00:03:38.480 joined the Liberal Party or voted
00:03:40.720 because Ruby Della actually sounds like a small-c conservative.
00:03:46.100 If you listen to what she says, she's a Paul Martin liberal.
00:03:52.060 And Paul Martin was very, very similar to Stephen Harper.
00:03:55.820 There was virtually no difference.
00:03:57.800 They were like Richard Nixon and John Kennedy in 1960.
00:04:02.200 There was virtually no difference between the two of them.
00:04:05.020 That might shock a lot of people.
00:04:06.540 But if you actually look at their policies
00:04:09.840 and look at their legacies policy-wise,
00:04:14.140 there was absolutely no difference between these two men.
00:04:18.160 Paul Martin and John Crutcher and Stephen Harper?
00:04:23.000 Virtually no difference.
00:04:24.420 I think Ruby should be encouraged to join the conservative party.
00:04:28.980 But let's hear a bit more of this.
00:04:30.680 But they did an internal poll saying she had 33% support
00:04:36.060 as against 43% for Mark Carney.
00:04:40.900 You can easily win a leadership race if you're starting with 33%
00:04:46.200 because you can pick up all those anybody but Carney, the ABC votes.
00:04:52.120 And she would have done that.
00:04:54.360 Liberals couldn't allow that.
00:04:55.820 No, we're not going to have some woman of color,
00:04:58.760 some Indo-Canadian upsetting things for us.
00:05:01.800 We're going to get rid of her.
00:05:03.740 So first of all, they tried to say Indian interference.
00:05:08.460 Yeah, this is from the party, from the government
00:05:11.020 that embraces interference from China.
00:05:16.560 They imagine that there's a problem with Indian interference.
00:05:22.240 Today has been a really emotional day
00:05:24.720 after reading about these allegations.
00:05:26.940 To all those that think that there may have been
00:05:30.340 any foreign interference in my campaign,
00:05:33.420 I want to make it very clear that there has been none.
00:05:37.000 I am of Indian ethnicity.
00:05:38.980 It doesn't make me any less Canadian
00:05:41.000 than anyone else who may not have my skin color.
00:05:44.660 These allegations are baseless,
00:05:47.120 and I will never allow anyone to use my ethnicity,
00:05:50.840 my heritage, my culture,
00:05:53.920 and misconstrue that for foreign interference.
00:05:57.340 I am in this race to make history
00:05:59.300 as the first woman of color in Canada
00:06:03.020 to become our nation's prime minister.
00:06:06.120 I have entered this leadership race
00:06:08.340 to bring our party back to the center,
00:06:10.800 and most importantly,
00:06:12.200 to stand up for Canadians and fight for Canada.
00:06:15.700 I look forward to seeing all of you in Montreal
00:06:18.520 on Monday and Tuesday.
00:06:21.480 Now, I have a lot of time for this woman.
00:06:24.720 I was working on Parliament Hill
00:06:27.480 when she was a member of Parliament,
00:06:29.260 but I don't know her.
00:06:31.520 I think I probably met her once at a reception.
00:06:34.920 I don't care if she's Indo-Canadian or Sikh or Hindu.
00:06:38.800 I don't care what her race and religion is.
00:06:41.340 I care that she's a Canadian
00:06:43.020 who is running in the leadership race
00:06:46.040 against a son of a bitch named Mark Carney
00:06:49.840 who thinks he has this thing sewn up,
00:06:53.780 that he has this leadership race already in the bag,
00:06:57.520 and he doesn't even have to try.
00:07:00.320 So here's somebody who does think she has to try,
00:07:04.040 and I take my hat off to her for that
00:07:07.880 because she's espousing policies
00:07:12.020 that are much more commonsensical
00:07:14.520 than those that Mark Carney has proposed.
00:07:17.980 Mark Carney wants a carbon tariff
00:07:21.180 that's going to remove half the companies
00:07:23.900 in this country.
00:07:26.080 He's crazy.
00:07:29.100 I think Ruby Dalla
00:07:30.880 has a much more credible policy.
00:07:35.500 I'm more Canadian than anyone else
00:07:42.280 who may not have my skin colour.
00:07:44.300 These allegations are baseless,
00:07:46.760 and I will never allow anyone
00:07:48.780 to use my ethnicity,
00:07:51.080 my heritage,
00:07:52.480 my culture,
00:07:53.560 and misconstrue that
00:07:54.840 for foreign interference.
00:07:56.940 I am in this race to make history
00:07:58.940 as the first woman of colour
00:08:01.640 in Canada to become
00:08:03.620 our nation's prime minister.
00:08:05.760 I have entered this leadership race
00:08:07.980 to bring our party back to the centre,
00:08:10.420 and most importantly,
00:08:11.740 to stand up for Canadians
00:08:13.340 and fight for Canada.
00:08:15.540 I look forward to seeing all of you
00:08:17.480 in Montreal on Monday and Tuesday.
00:08:19.860 Have you received official word yet
00:08:33.800 from the Liberal Party
00:08:34.780 on your disqualification
00:08:36.180 from this race?
00:08:37.700 Now this is what really kills me,
00:08:40.200 is that she had to find out
00:08:42.460 that she'd been kicked out
00:08:44.480 of the leadership race
00:08:45.600 while she's on CBC.
00:08:48.020 You know,
00:08:49.680 and we talked about CBC yesterday.
00:08:52.000 That's this wonderful organization
00:08:53.700 that's now going to be in charge
00:08:55.580 of disinformation vetting.
00:08:59.720 $66 a person, baby.
00:09:03.240 We're already paying $33 a person in Canada
00:09:06.880 to keep this decrepit organization alive.
00:09:10.360 And CBC had to inform Ruby Dalla
00:09:12.800 that she was no longer in the race.
00:09:14.960 This is how corrupt things are.
00:09:19.380 I haven't as of yet.
00:09:20.940 It's quite interesting
00:09:21.700 that I turned on CBC News
00:09:23.440 and read your headline
00:09:25.200 that I was being disqualified
00:09:26.520 from the race.
00:09:27.740 I checked my email,
00:09:28.840 my campaign team has,
00:09:30.160 and as of this moment,
00:09:31.600 we have not received any indication
00:09:33.480 from the Liberal Party
00:09:34.440 as to that type of decision,
00:09:36.260 which to me is very alarming
00:09:37.940 and very shocking
00:09:38.920 that there are these types of leaks,
00:09:41.560 you know, from sources
00:09:42.800 that are occurring.
00:09:43.720 We have just received a statement
00:09:45.400 from the Liberal Party, Ms. Dalla.
00:09:47.200 I swear this just came into my email.
00:09:49.120 It's a statement by Azam Ismail,
00:09:50.940 who is the Liberal Party of Canada
00:09:52.180 national director
00:09:53.020 on Ruby Dalla's candidacy
00:09:54.480 for leader of the Liberal Party.
00:09:56.140 Today, the Liberal Leadership Vote Committee
00:09:57.660 unanimously made the decision
00:09:58.980 to disqualify Ruby Dalla.
00:10:00.620 The decision followed
00:10:01.380 an extensive process and review,
00:10:02.780 including interviews, questionnaires,
00:10:04.100 and an opportunity for Dr. Dalla
00:10:05.680 to directly address the committees.
00:10:07.960 After a thorough investigation,
00:10:09.520 the Leadership Vote Committee
00:10:10.480 and the Leadership Expense Committee,
00:10:11.920 sitting jointly, unanimously determined
00:10:14.300 that Dr. Dalla was in breach
00:10:15.460 of ten violations
00:10:16.560 of the National Liberal Leadership Rules,
00:10:19.260 Leadership Vote Rules,
00:10:20.300 and the Leadership Expense Rules.
00:10:21.880 The violations include concerns
00:10:23.180 about alleged violations
00:10:24.140 of the Canada Elections Act,
00:10:25.720 certain other election finance matters,
00:10:27.560 non-disclosure of material facts,
00:10:29.500 and inaccurate financial reporting.
00:10:31.480 The Leadership Vote Committee determined
00:10:32.900 that the violations were extremely serious
00:10:34.760 and accepted the recommendation
00:10:36.240 of the Chief Electoral Officer
00:10:37.480 and disqualified Dr. Dalla
00:10:38.780 under Section 8
00:10:39.660 of the National Leadership Rules.
00:10:41.860 I'm assuming this is the first
00:10:43.280 you are hearing this statement.
00:10:45.400 What do you say that it was unanimous
00:10:47.340 that there were ten violations
00:10:49.320 of those various rules?
00:10:50.520 Well, I think it speaks to the state
00:10:53.700 of the Liberal Party of Canada
00:10:54.960 that a candidate who is running
00:10:57.680 to become leader of the party,
00:10:59.280 who is running to become prime minister
00:11:00.800 in our country,
00:11:01.980 is finding out that she has been disqualified
00:11:04.360 on air from an email
00:11:06.800 that the media outlet
00:11:08.300 that she is interviewing with
00:11:09.700 has received.
00:11:10.800 So it is very alarming
00:11:12.220 and very shocking.
00:11:13.380 It is certainly not surprising
00:11:14.720 because I think the Liberal Party of Canada
00:11:17.120 was seeing exactly
00:11:18.620 what our internal polls are telling us,
00:11:21.360 that my campaign and my team,
00:11:23.460 we were neck-to-neck
00:11:24.340 with a frontrunner in the race.
00:11:26.500 They did not want me
00:11:27.660 to go on to that debate stage in Montreal.
00:11:30.140 They certainly did not want me
00:11:31.660 on that ballot.
00:11:32.800 And the Liberal Party of Canada
00:11:34.120 wanted to complete
00:11:35.300 the coronation of Mark Carney.
00:11:37.600 All of the allegations
00:11:38.460 that you have mentioned
00:11:39.520 that you have spoken about,
00:11:42.780 they are completely false.
00:11:44.300 They are fabricated.
00:11:45.320 And I will not allow
00:11:46.680 the Liberal Party of Canada
00:11:48.000 or anyone for that matter
00:11:49.560 to smear my name
00:11:50.860 or to smear the name
00:11:51.860 of the thousands of volunteers.
00:11:54.440 Ruby Dalla, who...
00:11:56.260 Fantastic.
00:11:58.740 You know, nobody's ever going to call me
00:12:00.700 a feminist or a proto-feminist
00:12:02.640 or whatever the hell
00:12:03.700 Justin Trudeau likes to call himself,
00:12:05.820 even though as farcical as that is.
00:12:07.900 But I have a lot of time
00:12:09.320 and respect for women.
00:12:11.440 And I have a lot of time
00:12:12.840 and respect for women
00:12:13.720 who get into politics
00:12:14.700 for the right reasons.
00:12:15.760 I just interviewed Daniel,
00:12:19.260 the Premier of Alberta.
00:12:24.520 And I think if you're in politics
00:12:28.180 for the right reasons,
00:12:30.080 you're in politics
00:12:31.780 and you're going to be attacked
00:12:34.760 by a lot of people
00:12:35.980 for the wrong reasons.
00:12:37.920 And I think it's important
00:12:40.880 that we stand up for people
00:12:43.400 who have the courage
00:12:44.280 of their convictions.
00:12:45.500 And I think Ruby Dalla
00:12:47.180 has the courage
00:12:48.920 of her convictions.
00:12:50.960 And I don't care
00:12:52.640 what a race or religion is.
00:12:54.660 I care the fact
00:12:55.520 that she has enough concern
00:12:57.040 for Canada
00:12:57.680 that she's taking on
00:12:59.500 the Liberal Party right now.
00:13:00.880 And I think
00:13:02.580 that's just like
00:13:04.640 Daniel Smith,
00:13:05.780 the Premier of Alberta,
00:13:07.240 is taking on
00:13:09.240 the federal government
00:13:10.760 and standing up
00:13:12.640 for Alberta's
00:13:14.200 provincial autonomy.
00:13:16.540 I think the fact
00:13:17.780 that Ruby Dalla
00:13:19.020 is taking on
00:13:20.480 the Liberal Party
00:13:23.040 of Canada
00:13:23.480 is important.
00:13:25.160 We are hoping
00:13:26.240 to have on the show,
00:13:27.080 maybe tomorrow,
00:13:28.060 is going to go into
00:13:28.700 that debate on Monday
00:13:29.820 and without the translation
00:13:31.280 and again on Tuesday.
00:13:32.360 And she is going to
00:13:33.740 attack the frontrunner
00:13:35.220 pretty aggressively.
00:13:36.260 Like she brings
00:13:36.640 a very interesting,
00:13:37.520 based on what she's doing
00:13:38.400 on social media,
00:13:39.400 that is my impression.
00:13:40.260 What kind of a dynamic
00:13:41.280 does it create?
00:13:41.840 I certainly hope
00:13:42.540 that the party finds
00:13:43.400 a legitimate reason
00:13:45.260 to disqualify her candidacy
00:13:47.200 before the debate.
00:13:48.020 Really?
00:13:48.740 I hope so.
00:13:49.820 I think that,
00:13:51.360 you know,
00:13:52.540 we've got a serious
00:13:53.620 campaign,
00:13:54.160 Canadians are looking
00:13:54.960 for a serious leader.
00:13:56.160 I think that's one
00:13:56.680 of the reasons
00:13:57.140 that Carney is doing
00:13:58.440 very well.
00:14:00.020 I would really hate
00:14:01.140 for us to lose,
00:14:02.780 as a partisan,
00:14:03.780 to lose that momentum
00:14:04.680 because someone's
00:14:05.940 trying to turn
00:14:06.700 the debates
00:14:07.280 into a circus.
00:14:10.100 F you.
00:14:12.460 So you don't want her there
00:14:14.060 because she's not serious
00:14:15.720 like Mark Carney.
00:14:17.920 Mark Carney's not serious.
00:14:19.440 Mark Carney is Chauncey Gardiner.
00:14:21.600 Mark Carney hasn't got
00:14:22.880 a thought in his head.
00:14:24.160 That he doesn't have
00:14:25.600 to read
00:14:26.280 from the teleprompter.
00:14:28.740 How goddamn
00:14:30.140 ridiculous
00:14:31.200 is this?
00:14:32.760 Coming from this woman
00:14:33.900 who suggests
00:14:35.000 we don't need
00:14:35.920 any debate.
00:14:37.000 We don't need
00:14:37.700 any discourse.
00:14:38.900 We don't need
00:14:39.380 any argument.
00:14:40.520 We don't need
00:14:40.960 any other ideas
00:14:42.080 in the Liberal Party
00:14:43.180 leadership race
00:14:44.620 except mine.
00:14:45.460 This is outrageous.
00:14:51.780 That's a tough thing
00:14:53.080 to do.
00:14:53.520 I mean,
00:14:53.740 they've already
00:14:54.080 disqualified Chandra Aria,
00:14:55.320 right?
00:15:00.620 Exactly.
00:15:01.900 So is there
00:15:02.980 a race thing here?
00:15:03.940 I'm sorry.
00:15:05.360 Am I missing something?
00:15:06.480 Is there a race
00:15:08.840 phenomena
00:15:09.500 going on here?
00:15:11.740 I'm beginning
00:15:12.300 to wonder.
00:15:15.700 Let's listen
00:15:16.420 to some Mark Carney.
00:15:17.800 Management,
00:15:18.380 you took on
00:15:18.880 that role
00:15:19.480 with the Liberal Party
00:15:20.480 to advise the Prime Minister
00:15:21.560 about economic growth.
00:15:22.720 At the same time,
00:15:24.080 Brookfield was looking
00:15:25.140 to create a Canadian fund,
00:15:26.640 was trying to get access
00:15:27.780 to Canadian pension funds
00:15:29.120 and federal money.
00:15:30.280 Were you part of that bid?
00:15:31.240 I was not part
00:15:32.620 of that bid.
00:15:33.360 I'm not sure
00:15:33.860 I recognize
00:15:34.440 the full description
00:15:35.160 of how you said it,
00:15:36.120 but I was not part
00:15:36.800 of that, no.
00:15:37.560 You resigned
00:15:38.200 from more than
00:15:38.940 20 corporate boards,
00:15:40.380 I think?
00:15:41.020 Not corporate boards.
00:15:42.460 Most of those boards
00:15:44.200 were philanthropic
00:15:45.080 or charities.
00:15:45.800 You are not yet
00:15:46.760 subject to ethics
00:15:48.120 requirements.
00:15:49.400 I don't have
00:15:49.820 any power, Rosie.
00:15:50.640 No, but would you
00:15:51.560 put anything
00:15:52.640 out there
00:15:53.640 for Canadians
00:15:54.280 to better understand
00:15:55.440 your business dealings
00:15:56.440 and your financial
00:15:57.680 picture
00:15:58.540 before you're elected?
00:16:00.460 Obviously,
00:16:00.860 I'm going to comply
00:16:01.960 with all the ethics
00:16:03.180 guidelines,
00:16:03.840 conflicts of interest
00:16:04.540 guidelines,
00:16:05.200 blind trust.
00:16:05.920 During an election,
00:16:06.800 before you have a seat,
00:16:07.700 would you be willing
00:16:08.700 to show Canadians
00:16:09.480 what they're dealing
00:16:10.860 with and what you've
00:16:12.120 been dealing with?
00:16:13.520 Well, let's be clear.
00:16:14.720 Okay.
00:16:16.080 I was UN Special Envoy
00:16:17.820 for Climate Action.
00:16:19.380 I was chair of Bloomberg,
00:16:21.540 chair of Brookfield
00:16:24.600 on a number
00:16:25.900 of philanthropic boards
00:16:27.120 and did a lot
00:16:27.720 of charity
00:16:28.440 and other work.
00:16:29.060 So that's all
00:16:30.620 disclosed in the
00:16:31.340 public domain.
00:16:32.380 I will immediately
00:16:34.140 subject myself
00:16:35.320 if I am elected
00:16:36.520 Liberal leader.
00:16:37.280 Of course,
00:16:37.660 I'm going to
00:16:37.940 immediately subject
00:16:38.700 myself to all
00:16:39.740 the ethics guidelines,
00:16:40.800 conflicts of interest
00:16:41.520 guidelines,
00:16:42.000 other guidelines
00:16:42.600 in order to pursue.
00:16:44.660 You've been part of,
00:16:46.380 you know,
00:16:46.580 in all of these
00:16:47.480 various jobs
00:16:48.020 that you've had
00:16:48.460 in some pretty
00:16:49.800 elite circles,
00:16:51.060 royals,
00:16:52.100 celebrities,
00:16:52.860 world leaders.
00:16:53.460 Do you feel like you
00:16:55.160 in that position
00:16:56.080 understand what
00:16:57.140 Canadians are going
00:16:57.900 through right now
00:16:58.640 in terms of their
00:16:59.260 cost of living?
00:17:00.060 I think, yes.
00:17:01.260 I mean,
00:17:01.680 I understand that
00:17:02.740 Canadians,
00:17:04.520 you know,
00:17:04.680 the average income,
00:17:05.700 household income
00:17:06.520 in Canada
00:17:07.020 is $70,000.
00:17:08.620 There's been a huge
00:17:09.720 increase in the price
00:17:10.640 level over the course
00:17:12.420 of the last five years.
00:17:13.840 Grocery is more
00:17:14.360 expensive.
00:17:15.140 Housing has outstripped
00:17:16.980 the ability of
00:17:17.900 younger Canadians
00:17:18.940 to most younger
00:17:19.980 Canadians
00:17:20.440 to save for deposits
00:17:22.020 and get on the
00:17:23.780 housing ladder.
00:17:24.280 So I understand that.
00:17:26.060 What the advantage
00:17:27.180 of my experience
00:17:28.240 as governor
00:17:29.780 of the Bank of Canada,
00:17:31.020 working internationally,
00:17:33.000 working with companies,
00:17:34.740 et cetera,
00:17:35.380 as an investor as well,
00:17:37.460 is I know what
00:17:37.960 to do about it.
00:17:39.120 I know...
00:17:39.940 You were chair
00:17:43.260 of Brookfield Management.
00:17:44.240 You took on that role...
00:17:45.280 ...in the price level
00:17:46.040 in order to pursue.
00:17:47.740 You've been part of,
00:17:49.960 you know,
00:17:50.180 understand what
00:17:52.080 Canadians are going
00:17:52.840 through, right?
00:17:53.800 He does not understand
00:17:55.480 what Canadians
00:17:56.160 are going through.
00:17:57.600 $70,000 is what
00:17:59.420 he made on dividends
00:18:00.720 in his stocks.
00:18:02.780 This guy is a fraud.
00:18:04.700 He's a phony.
00:18:06.060 This is the worst joke
00:18:07.380 the Liberals could
00:18:08.140 ever put up.
00:18:09.420 Now, in terms of
00:18:10.160 their cost of living?
00:18:11.100 I think, yes.
00:18:12.260 I mean, I understand
00:18:13.340 that Canadians,
00:18:15.560 you know, the average
00:18:16.080 income, household
00:18:17.160 income,
00:18:17.560 income in Canada
00:18:18.060 is $70,000.
00:18:19.680 There's been a huge
00:18:20.760 increase in the price
00:18:21.660 level over the course
00:18:23.460 of the last five years.
00:18:24.880 Grocery is more expensive.
00:18:26.160 Housing has outstripped
00:18:28.020 the ability of younger
00:18:29.460 Canadians to...
00:18:30.440 Most younger Canadians
00:18:31.460 to save for deposits
00:18:33.000 and get on the housing
00:18:35.040 ladder.
00:18:35.280 So I understand that.
00:18:37.060 What the advantage
00:18:38.220 of my experience
00:18:39.280 as Governor
00:18:40.820 of the Bank of Canada,
00:18:42.060 working internationally,
00:18:44.020 working with companies,
00:18:45.360 etc.,
00:18:46.360 as an investor
00:18:47.780 as well,
00:18:48.480 is I know what
00:18:49.000 to do about it.
00:18:50.140 I know...
00:18:50.680 No, he doesn't
00:18:52.800 know what to do
00:18:53.560 about it.
00:18:54.640 And this is a
00:18:55.580 horrible fallacy
00:18:56.900 that he somehow
00:18:58.520 knows what to do
00:19:00.200 about it.
00:19:01.820 And Mark Carney
00:19:03.220 has got
00:19:04.800 all of his millions,
00:19:07.240 his tens of millions
00:19:08.180 of dollars
00:19:08.700 invested in
00:19:09.620 fossil fuel industries.
00:19:10.920 He's a hypocrite.
00:19:12.460 He changed
00:19:13.500 the ownership
00:19:14.200 of his company
00:19:15.140 from Canada
00:19:16.120 to the U.S.
00:19:17.560 so it wouldn't
00:19:18.220 be hit by
00:19:18.840 his own policies.
00:19:21.140 Mark Carney
00:19:21.960 is a danger
00:19:22.880 to Canada.
00:19:24.420 But let's get back
00:19:25.360 for a minute
00:19:25.880 to why the Liberal Party
00:19:27.900 is getting rid
00:19:28.640 of Ruby Dalla.
00:19:30.340 I was encouraging this.
00:19:33.520 You know,
00:19:34.080 I thought you were
00:19:34.540 going to go
00:19:34.880 and you said,
00:19:35.320 do you think
00:19:35.660 the Liberals
00:19:36.440 even want...
00:19:37.320 I thought you were
00:19:37.580 going to say,
00:19:37.800 do you think
00:19:38.040 the Liberals
00:19:38.440 even want a female leader?
00:19:39.640 Because they've got
00:19:40.260 three female leadership
00:19:41.520 candidates to choose from
00:19:42.640 and everyone keeps talking
00:19:43.760 about the male candidate
00:19:45.340 who's only been
00:19:46.020 back in Canada
00:19:46.800 for five minutes.
00:19:47.680 So I find that interesting
00:19:48.820 that the Liberals
00:19:50.080 love to talk
00:19:50.960 about what feminists
00:19:52.140 they are.
00:19:52.880 And yet I think
00:19:53.380 they're the only
00:19:53.800 major political party
00:19:54.800 at the federal level
00:19:55.920 and even among
00:19:56.500 many provincial parties
00:19:57.640 that have yet
00:19:58.220 to choose a female.
00:19:59.560 I have never felt
00:20:01.420 more scared in my life
00:20:02.660 of someone
00:20:03.120 to be in a room
00:20:03.800 with someone.
00:20:05.100 Well,
00:20:05.700 how do you like that?
00:20:07.500 That, of course,
00:20:08.220 is former Liberal
00:20:09.160 MP Selina
00:20:10.100 Cesar Schiavone.
00:20:11.580 I didn't have
00:20:12.240 to have a public
00:20:13.060 blow up
00:20:13.580 with the prime minister.
00:20:14.700 First, he said,
00:20:15.600 well, that was
00:20:16.180 the same day
00:20:16.820 that Jody Wilson-Raybould
00:20:17.940 had stepped down.
00:20:19.320 He couldn't have
00:20:20.120 two women of color
00:20:22.340 leave at the same day.
00:20:24.740 And then
00:20:25.460 he was
00:20:27.960 not happy
00:20:28.780 with that.
00:20:29.380 He said,
00:20:30.740 oh my God!
00:20:32.380 Oh my God,
00:20:33.840 Selina!
00:20:34.540 I can't believe
00:20:35.900 that you're talking
00:20:37.240 about my privilege.
00:20:38.520 I was like,
00:20:39.700 read white privilege.
00:20:41.940 This is, of course,
00:20:42.960 one of the standard
00:20:44.720 expressions
00:20:45.720 of woke ideology.
00:20:47.980 I was,
00:20:48.600 I have never felt
00:20:49.740 more scared in my life
00:20:50.980 of someone
00:20:51.440 to be in a room
00:20:52.120 with someone.
00:20:54.400 That's Justin Trudeau.
00:20:56.640 That's the Liberal Party.
00:20:59.100 And that's why
00:20:59.620 it wants to get rid
00:21:00.540 of the only woman,
00:21:02.520 the other woman
00:21:03.800 in the race.
00:21:05.500 They know
00:21:06.000 Chrystia Freeland
00:21:06.820 can't win.
00:21:08.340 She's horribly
00:21:09.720 unpopular
00:21:10.480 with Canadians,
00:21:12.420 with voters.
00:21:13.500 Ruby Dalla
00:21:14.120 was in striking distance
00:21:15.860 of Mark Carney.
00:21:17.360 Could have happened.
00:21:19.240 Liberal Party
00:21:19.800 won't let it happen.
00:21:22.240 Now,
00:21:22.520 I want to end here
00:21:23.200 with some very,
00:21:24.360 very
00:21:24.740 thought-provoking remarks
00:21:27.220 from Tiff Macklin,
00:21:29.420 Governor of the Bank
00:21:30.180 of Canada.
00:21:30.700 This is a guy
00:21:31.240 Peter Pauly
00:21:31.820 always loves to hate.
00:21:32.780 I think he's got
00:21:34.020 some very good points
00:21:34.960 here, though.
00:21:35.280 The first thing
00:21:36.160 we would see
00:21:36.820 is a marked
00:21:38.140 decline in exports.
00:21:39.920 As Canadian goods
00:21:41.000 become more expensive,
00:21:42.300 U.S. demand
00:21:42.900 for those goods
00:21:43.600 would decline.
00:21:45.720 A lower Canadian dollar
00:21:46.880 would provide
00:21:47.640 a partial offset.
00:21:49.620 In our model,
00:21:50.860 with the scenario
00:21:51.580 based on the
00:21:52.280 February 1
00:21:52.860 executive order,
00:21:54.680 exports fall
00:21:55.540 by about
00:21:56.200 8.5%
00:21:57.420 in the year
00:21:58.420 after tariffs
00:21:59.340 takes effect.
00:22:00.640 That's the green line.
00:22:02.780 Canadian exporters
00:22:04.360 respond
00:22:05.020 by cutting production
00:22:06.580 and laying off workers.
00:22:10.580 With exports
00:22:11.620 to the United States
00:22:12.380 accounting for
00:22:12.960 roughly one quarter
00:22:14.160 of our national income,
00:22:15.900 the shock
00:22:16.540 will be felt
00:22:17.420 across Canada.
00:22:19.620 Lower export revenues
00:22:20.700 would reduce
00:22:21.280 household income
00:22:22.140 and retaliatory tariffs
00:22:23.960 would raise the prices
00:22:24.960 of many consumer goods.
00:22:27.380 As a result,
00:22:28.160 consumer spending
00:22:28.760 on everything
00:22:29.300 from cars
00:22:30.060 to entertainment
00:22:30.800 to housing
00:22:31.660 would slow.
00:22:34.180 In this scenario,
00:22:35.180 consumption,
00:22:36.040 the purple line,
00:22:37.420 declines by more
00:22:38.680 than 2%
00:22:39.740 by mid-2027.
00:22:42.620 With export
00:22:43.580 and consumer demand
00:22:44.340 weakening,
00:22:45.240 Canadian businesses
00:22:46.000 would also cut
00:22:46.820 their investment spending.
00:22:48.840 And higher costs
00:22:49.760 and lower profit margins
00:22:50.980 would restrain
00:22:52.080 investment further.
00:22:53.640 With retaliatory tariffs
00:22:55.060 on some goods
00:22:55.840 and a lower Canadian dollar,
00:22:58.320 businesses will face
00:22:59.220 higher import costs.
00:23:01.320 Canadian businesses,
00:23:02.280 and I'm looking at them,
00:23:03.700 buy roughly
00:23:04.340 half of their machinery
00:23:05.480 and equipment
00:23:05.960 from the United States.
00:23:08.520 In addition,
00:23:09.660 profit margins
00:23:10.320 are squeezed
00:23:10.840 because higher costs
00:23:11.840 are gradually passed on
00:23:13.540 to final goods prices
00:23:15.820 in Canada.
00:23:17.060 So,
00:23:17.560 you've got lower sales,
00:23:19.640 higher costs,
00:23:20.280 and reduced profit.
00:23:22.340 Not surprisingly,
00:23:23.420 they all combine
00:23:24.160 to pull down
00:23:24.820 business investment
00:23:25.680 substantially.
00:23:26.980 All told,
00:23:27.680 business investment
00:23:28.820 shown by the orange line
00:23:30.400 declines by almost 12%
00:23:32.740 by early 2026,
00:23:34.780 one year
00:23:35.520 after tariffs
00:23:36.620 are imposed.
00:23:39.680 So,
00:23:40.520 what would this all mean
00:23:42.080 for economic growth?
00:23:43.580 Well,
00:23:43.900 in our January projection
00:23:44.980 with no tariffs,
00:23:45.980 we forecast growth
00:23:46.960 of about 1.8%
00:23:48.500 in both 2025
00:23:50.080 and 2026.
00:23:52.500 But in the tariff scenario,
00:23:54.180 the level of Canadian output
00:23:55.360 falls almost 3%
00:23:57.040 over two years.
00:23:58.480 That's the blue line.
00:24:00.260 That implies
00:24:01.360 tariffs would all but
00:24:02.980 wipe out growth
00:24:03.860 in the economy
00:24:04.600 for those two years.
00:24:09.020 Finally,
00:24:10.020 a trade conflict
00:24:10.800 would push up prices
00:24:12.400 even as demand weakens.
00:24:14.360 Retaliatory tariffs
00:24:15.400 on U.S. exports
00:24:16.280 to Canada
00:24:16.880 feed into
00:24:17.660 the Consumer Price Index.
00:24:19.400 Roughly 13%
00:24:20.380 of Canada's CPI basket
00:24:21.920 is made up of goods
00:24:23.180 imported
00:24:23.920 from the United States.
00:24:26.020 The depreciation
00:24:27.300 of the Canadian dollar
00:24:28.080 also increases
00:24:29.100 the cost
00:24:29.720 of all imported goods
00:24:31.360 and services.
00:24:33.240 Finally,
00:24:34.540 integrated supply chains
00:24:35.660 means tariffs
00:24:37.140 can add costs
00:24:38.040 at multiple stages
00:24:39.280 of production.
00:24:40.880 In our tariff scenario,
00:24:42.640 the factors pushing
00:24:43.440 up prices
00:24:44.260 more than offset
00:24:45.320 the downward pressure
00:24:46.480 from weaker demand.
00:24:48.400 So inflation rises.
00:25:16.800 statesν expert
00:25:18.240 starts with lower Vanessa
00:25:19.160 in this region
00:25:19.340 androkian
00:25:29.920 bot dog
00:25:31.160 takes this
00:25:31.980 rating.
00:25:32.760 This way
00:25:33.240 occurs
00:25:33.940 in this region
00:25:34.420 where
00:25:35.160 the copper
00:25:36.120 neutral
00:25:37.000 acji
00:25:37.160 confusa
00:25:37.840 is
00:25:39.440 ấp
00:25:39.660 or
00:25:40.940 Until they're
00:25:41.280 up to you
00:25:41.620 in this region.
00:25:43.760 Thank you.
00:26:14.660 All right.
00:26:26.980 I'll pay it again.
00:26:28.040 I understand I was on mute when I was talking about the Tiff Macklin expose about where
00:26:49.340 we're going economically.
00:26:50.780 I'll say it again.
00:26:52.640 We need to keep trade moving.
00:26:57.480 Protectionism was a key and integral factor in the creation of the Great Depression.
00:27:03.820 And that's Great Depression with a capital G and a capital D.
00:27:07.300 We don't want to go back to protectionism around the world.
00:27:13.180 So, well, thank you, Pam Irwin.
00:27:18.220 It's nice somebody is watching.
00:27:19.560 But that's not where we want to go.
00:27:24.980 We need to move forward.
00:27:28.520 And protectionism is never moving forward.
00:27:31.200 It's moving backwards.
00:27:33.140 So I hope you enjoyed that little bit from Tiff Macklin.
00:27:36.900 And here's some of your comments here we're showing.
00:27:39.560 Please repeat what you said.
00:27:45.960 Yes, I did.
00:27:47.280 I did.
00:27:48.220 Well, I am not a protectionist.
00:27:50.160 I'm a free trader.
00:27:51.860 Protectionism created the Great Depression in a large degree.
00:27:54.980 We need to not go back there.
00:27:57.820 So thank you.
00:27:59.100 Thank you for staying in to the very end here.
00:28:01.520 Weird time today.
00:28:02.580 We had some problems.
00:28:04.660 But we're going to get over them.
00:28:06.620 Continue to resolve, to resist.
00:28:09.420 Continue to fight tyranny.
00:28:12.160 Continue to be a citizen of this great country.
00:28:16.960 It needs you.
00:28:18.580 It needs us.
00:28:20.360 And we need to keep fighting back.
00:28:23.580 Thanks for watching today.
00:28:25.620 I'll be back again tomorrow with all the news you need to know.
00:28:30.140 So we can continue to resolve, to resist.
00:28:34.080 Thank you.