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

Harmful content

Misogyny

16

sentences flagged

Toxicity

26

sentences flagged

Hate speech

14

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

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

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
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. 0.96
00:00:34.740 And actually, it does neither.
00:00:38.560 It throws its women candidates under the bus. 1.00
00:00:43.580 It destroys its women MPs. 0.99
00:00:46.740 And it doesn't even allow an Indo-Canadian woman to run for the leadership of the Liberal Party. 0.99
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, 0.99
00:01:04.520 this incredibly stupid, noxious story that Ruby Della, 1.00
00:01:10.240 yes, Ruby Della, who's running for the leadership of the Liberal Party, 1.00
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. 0.93
00:01:37.720 I have rarely heard a more ridiculous story than this. 0.93
00:01:43.880 And it gets worse. 0.98
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. 0.91
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. 1.00
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. 0.64
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, 1.00
00:04:58.760 some Indo-Canadian upsetting things for us. 1.00
00:05:01.800 We're going to get rid of her. 0.64
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, 0.96
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. 0.89
00:06:38.800 I don't care what her race and religion is. 0.95
00:06:41.340 I care that she's a Canadian
00:06:43.020 who is running in the leadership race 1.00
00:06:46.040 against a son of a bitch named Mark Carney 0.99
00:06:49.840 who thinks he has this thing sewn up, 1.00
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 1.00
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. 0.99
00:07:26.080 He's crazy. 0.99
00:07:29.100 I think Ruby Dalla 0.96
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 0.84
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. 0.96
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 0.99
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... 0.62
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 1.00
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. 0.98
00:14:10.100 F you. 0.79
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. 1.00
00:14:28.740 How goddamn 1.00
00:14:30.140 ridiculous 1.00
00:14:31.200 is this? 1.00
00:14:32.760 Coming from this woman 1.00
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. 0.98
00:18:02.780 This guy is a fraud. 1.00
00:18:04.700 He's a phony. 1.00
00:18:06.060 This is the worst joke 1.00
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. 1.00
00:19:10.920 He's a hypocrite. 1.00
00:19:12.460 He changed 1.00
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? 0.51
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 1.00
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! 0.99
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 0.85
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.