The Candice Malcolm Show - March 04, 2025


THE TRADE WAR IS HERE


Episode Stats

Length

48 minutes

Words per Minute

177.27226

Word Count

8,676

Sentence Count

584

Misogynist Sentences

2

Hate Speech Sentences

2


Summary

Today, Canada and Mexico are facing 25% tariffs from the United States on their goods, including dairy, beef, and other products. Meanwhile, Prime Minister Justin Trudeau is still waiting to speak to the Canadian people about the situation. We talk to Hamish Marshall, a pollster, about what's going on.


Transcript

00:00:00.000 Hi, I'm Candice Malcolm, and welcome to the Candice Malcolm Show.
00:00:10.960 We've got a big show for you today.
00:00:12.780 Lots happening in the news right now.
00:00:14.600 We're going to jump right into it.
00:00:16.180 As you probably saw, we are now in the middle of a trade war.
00:00:19.560 So as of 12.01 a.m. Eastern Time today, March 4th, the United States, citing national security
00:00:25.860 reasons, started taxing all Canadian and Mexican goods at 25 percent, except for Canadian
00:00:32.020 energy, which will be taxed at a lower rate of 10 percent.
00:00:35.660 So immediately following that, the Canadian counter tariffs have been also put into effect.
00:00:41.380 They will be placed on 30 billion dollars worth of products starting today.
00:00:46.500 And then we are told that they're going to rise to 155 million dollars on March 25th.
00:00:53.240 So here we are in the middle of a trade war, and we are waiting for Prime Minister Justin
00:00:58.240 Trudeau to come and speak to Canadians.
00:01:00.540 He was supposed to be on an hour ago at 10 o'clock, but we are still waiting for him.
00:01:05.340 They bumped it to 10.30, and here it is, 11.05 Eastern Time.
00:01:08.540 Still no sign of the Prime Minister.
00:01:09.980 Nothing says urgently addressing an emergency like the Prime Minister just strolling into
00:01:15.020 a press conference an hour late.
00:01:16.540 Well, folks, as soon as that goes live, we will throw to it.
00:01:19.520 But in the meantime, I'd like to welcome our guest for the program today.
00:01:22.800 Pleased to be joined by Hamish Marshall.
00:01:24.720 Hamish is a pollster.
00:01:26.020 He is a partner at One Persuasion, which is a government relations and strategy firm in
00:01:30.120 Ontario.
00:01:30.720 Hamish, welcome to the program.
00:01:34.000 Whoops, I don't think your audio is working there, Hamish.
00:01:36.800 No, yeah.
00:01:37.240 Great to be here.
00:01:38.060 I'll get it.
00:01:38.720 Well, you know why it's funny?
00:01:39.660 Because today is Shrove Tuesday.
00:01:41.600 It's Pancake Day.
00:01:42.480 My kids and I had like this wonderful morning.
00:01:44.440 We woke up.
00:01:45.180 We made pancakes.
00:01:46.060 We were talking about Easter.
00:01:46.980 It was just like a nice, normal morning.
00:01:48.920 And then I turn on my phone, and I'm like, oh, yeah, the world is on fire.
00:01:52.020 And so that kind of quickly imploded there.
00:01:55.580 But so, yeah, basically, Trump told us this was happening yesterday in the White House.
00:02:01.360 He said that it was coming forward.
00:02:03.740 Here is President Trump speaking about the tariffs yesterday.
00:02:07.340 Very importantly, tomorrow tariffs, 25% on Canada and 25% on Mexico, and that'll start.
00:02:16.380 So they're going to have to have a tariff.
00:02:18.060 So what they have to do is build their car plants, frankly, and other things in the United
00:02:22.160 States, in which case they have no tariffs.
00:02:24.340 And then we also – Trump was asked whether there was room for a deal to be made.
00:02:32.440 Was there going to be an 11th-hour deal?
00:02:33.840 Remember, initially, these tariffs were supposed to come in in February, and then Trump bumped
00:02:38.180 it.
00:02:38.800 So here is a question.
00:02:40.700 Is there any room left?
00:02:41.900 And Trump just closing the door on that and saying, no, this is happening.
00:02:44.780 On the tariffs, is there any room left for Canada and Mexico to make a deal before midnight?
00:02:50.240 And should we expect those Chinese tariffs, the extra 10%, to take effect tomorrow?
00:02:53.920 No room left for Mexico or for Canada.
00:02:56.720 No, the tariffs, you know, they're all set.
00:02:58.840 They go into effect tomorrow.
00:03:02.320 So it's here.
00:03:03.160 It's happening.
00:03:03.680 We've had a few months warning, Hamish.
00:03:05.760 We knew that this was coming.
00:03:06.920 We knew that Trump was serious about it.
00:03:09.120 It doesn't seem like Canada really came up with another strategy or plan.
00:03:12.180 We didn't diversify.
00:03:13.200 We didn't open up new trading lanes.
00:03:14.520 I don't think we made any progress on opening up interprovincial trade barriers or building
00:03:18.840 new pipelines.
00:03:19.500 It just seems like we were kind of caught flat-footed, again, maybe hoping that something would change,
00:03:23.260 but it didn't.
00:03:24.300 And now it's upon us.
00:03:25.880 What's your takeaway from all this so far?
00:03:27.900 Yeah, I mean, I think the approach of the liberal government has been just a hope.
00:03:31.480 You know, there was tariffs supposed to come in when Trump was first elected.
00:03:35.060 Then it was going to be February 1st.
00:03:36.680 And we kind of got through those hurdles.
00:03:38.480 And, you know, we thought appointing a fentanyl czar would be enough.
00:03:42.700 And apparently, you know, it wasn't.
00:03:45.940 You know, it's still not clear to me exactly what Trump wants, per se.
00:03:51.500 You know, he talks about national security.
00:03:53.320 He talks about trade and balance.
00:03:54.260 Sorry to interrupt you here, Hamish.
00:03:55.560 We have Justin Trudeau.
00:03:56.600 So we're going to go live to the prime minister, hear what he has to say, and then we'll come
00:04:00.120 back to you.
00:04:00.680 Let's go live to Justin Trudeau, prime minister of Canada.
00:04:03.620 Do we have that, Sean?
00:04:08.320 Can we go live to the prime minister?
00:04:09.740 He's speaking now.
00:04:11.080 The United States launched a trade war against Canada.
00:04:15.780 The closest partner and ally, the closest friend.
00:04:20.140 At the same time, they're talking about working positively with Russia, appeasing Vladimir Putin,
00:04:28.520 a lying, murderous dictator.
00:04:30.600 Make that make sense.
00:04:35.620 Canadians are reasonable, and we are polite, but we will not back down from a fight, not
00:04:42.520 when our country and the well-being of everyone in it is at stake.
00:04:48.080 At the moment, the U.S. tariffs came into effect in the early hours of this morning, and so
00:04:57.480 did the Canadian response.
00:05:00.580 Canada will be implementing 25% tariffs against $155 billion worth of American goods, starting
00:05:10.020 with tariffs on $30 billion worth of goods immediately, and tariffs on the remaining $125 billion of
00:05:18.200 American products in 21 days' time.
00:05:20.900 Today, we will also be challenging these illegal acts.
00:05:25.920 By filing dispute resolution claims at the World Trade Organization, and the World Trade Organization,
00:05:30.940 and the U.S.
00:05:31.940 Canada will also be challenging these illegal actions by filing dispute resolution claims
00:05:35.880 at the World Trade Organization, and through the USMCA, but in the meantime, our tariffs will
00:05:47.800 remain in place until the U.S. tariffs are withdrawn, and through the USMCA.
00:05:51.900 But in the meantime, our tariffs will remain in place until the U.S. tariffs are withdrawn,
00:06:06.260 and not a moment sooner.
00:06:09.400 And should these tariffs not cease, we are in active and ongoing discussions with provinces
00:06:14.920 and territories to pursue several non-tariff measures.
00:06:20.200 Now, just like I did a month ago, I want to speak first directly to the American people.
00:06:37.020 We don't want this.
00:06:39.080 We want to work with you as a friend and ally.
00:06:43.700 And we don't want to see you hurt either.
00:06:47.260 And your government has chosen to do this to you.
00:06:54.400 As of this morning, markets are down, and inflation is set to rise dramatically all across your country.
00:07:02.300 Your government has chosen to put American jobs at risk, that the thousands of workplaces that
00:07:09.440 succeed because of materials from Canada, or because of consumers in Canada, or both.
00:07:18.620 They've chosen to raise costs for American consumers on everyday essential items like groceries and gas,
00:07:25.760 on major purchases like cars and homes, and everything in between.
00:07:31.760 They've chosen to harm American national security, impeding access to the abundant critical minerals,
00:07:38.900 energy, building materials, and fertilizers that we have and that the United States needs to grow and prosper.
00:07:48.900 They've chosen to launch a trade war that will, first and foremost, harm American families.
00:07:56.040 They've chosen to sabotage their own agenda that was supposed to usher in a new golden age for the United States.
00:08:04.040 And they've chosen to undermine the incredible work we've done together to tackle the scourge that is fentanyl,
00:08:17.180 a drug that must be wiped from the face of the earth.
00:08:20.180 So on that point, let me be crystal clear, there is absolutely no justification or need whatsoever for these tariffs today.
00:08:35.320 Now the legal pretext your government is using to bring in these tariffs is that Canada is apparently unwilling to help in the fight against illegal fentanyl.
00:08:47.940 Well, that is totally false.
00:08:52.780 Let's look at the facts.
00:08:54.980 Our border is already safe and secure.
00:08:59.180 Far less than 1% of fentanyl flows and less than 1% of illegal crossings into the United States comes from Canada.
00:09:07.600 But we acted because we know we can always do better.
00:09:13.900 We responded to concerns, including from the president, by implementing an ambitious $1.3 billion border plan.
00:09:22.340 A border plan that includes generational investments in new AI and emerging tools to stop the flow of fentanyl in its tracks.
00:09:31.460 Stronger coordination and information sharing with American agencies, along with the deployment of drones, helicopters and additional personnel to keep our borders secure.
00:09:44.700 Now, a month ago, as part of an agreement with the United States that paused the tariffs, we made further commitments.
00:09:52.620 We appointed Kevin Brousseau as our fentanyl czar, a man who dedicated his multi-decade career in law enforcement to combating organized crime networks and drug trafficking.
00:10:04.860 We designated seven drug cartels, sick, evil groups who cynically profit off the pain and suffering of people on both sides of the border as the terrorist organizations that they are.
00:10:18.420 And just yesterday, we launched a new joint operations partnership supported by a $200 million investment between Canada's security and law enforcement agencies.
00:10:32.700 A partnership that will enhance the coordination of information and intelligence in order to thwart criminal gangs involved in the illegal fentanyl trade.
00:10:42.620 And critically, our actions are working.
00:10:49.620 As the U.S. states, as the U.S. Customs and Border Protection just acknowledged, there was a 97 percent drop in fentanyl seizures from January compared to December to a near zero low of less than half an ounce seized in January.
00:11:11.620 Even with all the further enforcements and actions we've taken at the borders.
00:11:18.620 In sum, we stepped up.
00:11:21.620 We engaged closely and constructively with the president and his administration.
00:11:27.620 We did everything we promised.
00:11:30.620 We stuck to our word.
00:11:32.620 And we did it because we believe in working together to protect our citizens.
00:11:41.620 Now I want to speak directly to one specific American.
00:11:47.620 Donald.
00:11:49.620 In the over eight years you and I have worked together.
00:11:54.620 We've done big things.
00:11:57.620 We signed a historic deal that has created record jobs and growth in both of our countries.
00:12:04.620 We've done big things together on the world stage as Canada and the U.S. have done together for decades, for generations.
00:12:14.620 And now we should be working together to ensure even greater prosperity for North Americans in a very uncertain and challenging world.
00:12:29.620 Now it's not in my habit to agree with the Wall Street Journal.
00:12:33.620 But Donald, they point out that even though you're a very smart guy, this is a very dumb thing to do.
00:12:44.620 We, too, friends, fighting is exactly what our opponents around the world want to see.
00:12:54.620 And now, to my fellow Canadians.
00:12:58.620 I won't sugarcoat it.
00:13:00.620 This is going to be tough.
00:13:03.620 Even though we're all going to pull together because that's what we do.
00:13:07.620 We will use every tool at our disposal so Canadian workers and businesses can weather this storm.
00:13:14.620 From expanding EI benefits and making them more flexible to providing direct supports to businesses, we will be there as needed to help.
00:13:25.620 But Canada, make no mistake.
00:13:28.620 No matter how long this lasts, no matter what the cost, the federal government and other orders of government will be there for you.
00:13:37.620 We will defend Canadian jobs.
00:13:40.620 We will take measures to prevent predatory behaviour that threatens Canadian companies because of the impacts of this trade war, leaving them open to takeovers.
00:13:51.620 We will relentlessly fight to protect our economy.
00:13:56.620 We will stand up for Canadians every single second of every single day because this country is worth fighting for.
00:14:06.620 The last months...
00:14:10.620 Okay, we can cut it there, Mon.
00:14:13.620 So, I mean, Justin Trudeau kind of coming out and giving the speech of his life, basically, and really, like, spelling it out.
00:14:20.620 First of all, he takes kind of an unnecessary jab at the beginning, talking about Putin.
00:14:24.620 I think he's trying to, like, insert himself into the dispute that happened last week, calling him an atrocious murderer.
00:14:29.620 His tone was kind of condescending at the beginning, Hamish, especially when he was talking to Americans because he was telling Americans that they were going to feel the pain.
00:14:36.620 And all I was thinking was, no, man, it's the Canadians that are going to feel the pain.
00:14:40.620 Like, yes, there will be pockets of Americans that will feel this, but their economy is just so much larger than ours.
00:14:46.620 Ours is such a fraction of it, so much more dependent upon their economy for trade than vice versa.
00:14:51.620 So the message that he was supposedly giving to Americans, I felt like it really should have been aimed at Canadians.
00:14:56.620 That moment where he was talking to President Trump one-on-one, I thought that was actually quite effective, even though I don't like...
00:15:02.620 I cringe when I hear politicians using first names to one another.
00:15:05.620 I just think it's really inappropriate.
00:15:07.620 But, you know, we were talking about that with President Zelensky in the Oval Office, and he kept referring to the vice president as JD, which I just...
00:15:14.620 I didn't like that.
00:15:15.620 But basically just saying there's no justification or need whatsoever for these tariffs, spelling out what the Canadians had done to improve the border, to crack down on fentanyl.
00:15:24.620 I think that those are all really reasonable, good points, Hamish.
00:15:27.620 But to me, there was like, he was missing the forest for the tree.
00:15:30.620 Like, some of the major takeaways here, it's like, Justin Trudeau does not have a mandate at this moment.
00:15:37.620 President Trump does not like Prime Minister Justin Trudeau.
00:15:40.620 Part of the reason that we're in here, you have to believe, is that these two individuals just don't see eye to eye.
00:15:44.620 They don't like each other.
00:15:46.620 They kind of enjoy making a spectacle of one another because their politics are so opposite.
00:15:50.620 So we don't have a strong government in Canada that just came in with a mandate.
00:15:54.620 We have a lame duck leader who's loathed and despised by the people on his way out.
00:15:58.620 He shouldn't be up there, right?
00:16:00.620 He resigned on January 6th.
00:16:02.620 We could have had a federal election.
00:16:04.620 We could have had an election.
00:16:05.620 He could have put someone else in.
00:16:06.620 They could have had the election.
00:16:07.620 We could be sitting here on March 4th with a new, fresh mandate and a new leader.
00:16:12.620 But instead, Justin Trudeau has decided for himself to go out this way, proroguing parliament, having a long leadership review process.
00:16:20.620 And they're going to put in their new prime minister on Sunday.
00:16:23.620 To me, that's a story that Trudeau just seems to be completely missing.
00:16:28.620 What's your take on it?
00:16:29.620 Look, I think a lot of this is a result of Trudeau's weakness and Trudeau's disastrous time as prime minister, right?
00:16:35.620 Canada, the reason Trump is coming after Canada in a large sense, and I agree that it's not about specific security or national defense issues or even drug issues that are sort of the fig leaves for this, is that he sees Canada as an easy source of places to get jobs.
00:16:54.620 He wants one of his core promises and what he wants to deliver is more manufacturing jobs, specifically manufacturing jobs in the United States.
00:17:02.620 Those are good, high paying jobs that will go to places and to the sort of people who are Trump supporters.
00:17:09.620 That is something he sees he wants to deliver for his people.
00:17:12.620 And part of that is to bring jobs back from China, but that takes time.
00:17:17.620 The easier thing to do is to create instability in the relationship with Canada and, frankly, with Mexico, so that if you're somebody who relies on shipping auto parts across the border,
00:17:27.620 you're even if these tariffs go away in two, three, six months, six weeks, I don't know to say I don't want to go through this again.
00:17:35.620 I'm just going to move my auto plant part, my auto parts plant from from, you know, Windsor, Ontario.
00:17:40.620 We're going to move it down to Kentucky or somewhere because I just don't want to have to have that sort of disruption.
00:17:44.620 So the disruption is the purpose.
00:17:47.620 And that's what Trump's trying to trying to do.
00:17:49.620 And when Truro is saying this is going to hurt.
00:17:53.620 He's right. It's going to hurt Americans.
00:17:54.620 You're absolutely right.
00:17:55.620 It's going to hurt Canadians a heck of a lot more.
00:17:57.620 That's also kind of the point.
00:17:59.620 Trump wants that pain.
00:18:01.620 He wants the disruption so that people say, I don't want to deal with this garbage anymore and just move my plants or our factories south of the border.
00:18:10.620 That's what he's trying to do.
00:18:11.620 And, you know, we're in a position as Canadians in our Canadian economy that we have less ability to stand up to that today than we did 10 years ago because of persistent decisions Trudeau has made.
00:18:22.620 You're right. Trudeau is, you know, being a weak leader and and that Trump sees him as a weak leader.
00:18:27.620 And since really since Freeland resigned and then Trudeau has resigned, the weakness has only gotten more.
00:18:35.620 And that's why Trump's pushing hard today, because, you know, if the liberal I honestly believe if the liberal leadership had been set that we had a prime minister, you know, two days ago, as opposed to, you know, in five or six days.
00:18:49.620 And we had a new leader. The tariffs would have come in a week ago.
00:18:52.620 He's coming in when Canada is that he's hitting us when Canada is at its weakest and we're the weakest right now with Justin Trudeau.
00:18:58.620 And it seems like our response, Hamish, is not going to help like like the whole idea here that we're throwing retaliatory tariffs on the U.S.
00:19:06.620 It's a tax on Canadians. A retaliatory tariff is a tax on Canadians.
00:19:10.680 So the hurt the Canadians are going to feel, it's going to be a little bit from what Trump is doing, but it's a lot more what our own leaders are doing.
00:19:17.720 So here is Doug Ford appearing on American News last night and NBC News with Aaron Gilchrist, basically saying that they're going to shut down the electricity going to the United States so that the Americans will feel the pain like they've never felt before.
00:19:31.720 If he wants to destroy our economy and our families, I will shut down the electricity going down to the U.S.
00:19:40.240 And I'm telling you, we will do it. It's unfortunate.
00:19:43.680 I would rather ship you more electricity. We're the number one trading customer to 28 states and a lot of them are red states.
00:19:52.280 They're going to feel the pain like they've never felt before.
00:19:57.240 So I'm not sure if Canada stops selling electricity to the Americans, I'm sure the Americans will find another way to get it.
00:20:03.360 I mean, we might feel some pain there, but to me, there's going to be a longer term pain felt by Canadians because who else are we going to sell to?
00:20:09.320 It's not like you have an option to go to another market with something like that.
00:20:12.260 What do you think? Well, I think I think actually the non-tariff actions like blocking electricity.
00:20:19.100 And I think the other thing that most interesting word the prime minister said in the entire speech was fertilizer.
00:20:23.520 He called out the Americans need our fertilizer. We have enormous potash reserves that are it's key to making fertilizer.
00:20:30.720 Much of the modern world depends on, frankly, on fertilizer and our ability to generate the Americans ability to generate huge amounts of food.
00:20:38.520 If he says we're going to stop potash exports to the United States, that gets very, very interesting because those are things that, yes, they can buy potash from other places, but it's much, much more expensive.
00:20:50.680 And it takes time for those to come in. And that's even more true with electricity.
00:20:54.340 The potash is shipping it around in containers and you buy it from Australia or somewhere else.
00:20:58.880 And it takes a while to, you know, shipping containers, shipping containers, electricity.
00:21:03.660 You've got the wires. You can't just throw some electricity in a boat and move it somewhere else.
00:21:08.040 So will the Americans be able to make up the electricity by firing up some old plants and things?
00:21:13.560 Perhaps, but that will take time.
00:21:14.940 It will test a lot of money, have a very immediate impact on the price of a lot of things in the United States.
00:21:21.600 Most notably, that have an impact on those manufacturing plants because they are enormous consumers of electricity.
00:21:27.660 And frankly, while Canada, you know, a lot of the electricity that we sell to the United States, particularly from Quebec, but some of them from Ontario, is generated by hydropower.
00:21:38.160 So it's very easy to just to let the water run over the dam and decide not to generate that electricity.
00:21:43.900 So turning that off is actually something we can do without a lot of impact for us.
00:21:47.900 So I think that is ultimately where it's going to be the most effective, is looking at the non-tariff things that they can only get to Canada, from Canada, because our economies are so integrated, our infrastructure is so integrated, is much more effective than, to your point, some tariffs that are hurt Americans, but only a little bit.
00:22:07.160 Well, it's interesting. So I want to play this clip.
00:22:08.700 This is Dr. Ian Lee, who is a professor, I believe at Carleton, in business, and he was on the CBC explaining what tariffs are and basically saying that when you look at the studies, when you look at the data, there is no redeeming argument whatsoever for a retaliatory tariff.
00:22:24.480 It doesn't do what we want it to do. It's not going to impact the Americans.
00:22:28.360 So let's get this, let's play this clip and then I'll get your response to it, Hamish.
00:22:31.160 Adrian, can I jump in on that?
00:22:35.480 You bet.
00:22:36.420 I want to put forward the other point of view.
00:22:39.780 Governor Macklem gave an unbelievably superb speech February 21st to Oakville Chamber of Commerce, and he outlined very empirically and factually the extraordinary destructive impact of tariffs on the economy, on investment, on inflation, on the price of goods.
00:22:59.740 And I went through that speech, the written document, very, very carefully multiple times.
00:23:05.260 I couldn't find any redeeming arguments to support retaliatory tariffs.
00:23:10.680 They're going to be very destructive for us.
00:23:13.800 And so putting tariffs on top of tariffs, and remember the Canadian tariffs will be on Canadians.
00:23:20.560 So when the government says $100 billion or $200 billion, that's a tax on Canadians.
00:23:25.580 And then the argument is, is that somehow going to cause Mr. Trump to change his mind?
00:23:32.040 And, you know, it's such a huge economy.
00:23:33.760 We say these amounts are large.
00:23:35.420 $100 billion is a big amount.
00:23:37.520 The U.S. economy is somewhere between $25 and $30 trillion, depending on how you measure GDP, without getting into the weeds.
00:23:45.800 So, you know, $100 billion on a $25 to $30 trillion economy is like finding a loonie on the sidewalk and thinking you've made it rich.
00:23:55.900 It's statistically insignificant.
00:23:59.640 Significantly, it's statistically insignificant.
00:24:01.420 I like that analogy of finding a loonie.
00:24:03.420 So as much as we push back, it's not really going to affect them.
00:24:06.480 I want to just play one more clip because it did remind me when I had the opportunity to sit down with Conservative leader Pierre Polyev.
00:24:11.580 I asked him about this because one of the things that I'm not quite there on is this idea that the Conservatives agree with this measure,
00:24:18.080 that the Conservatives are there saying yes to Justin Trudeau.
00:24:20.500 We agree.
00:24:21.240 We want these retaliatory tariffs because really what they are is a tax on Canadians.
00:24:23.940 So I'm going to play that clip and then I'll go back to you, Hamish.
00:24:27.700 Trudeau said that they would issue retaliatory tariffs against the Americans, 25%.
00:24:32.240 You came out in a basic agreement with that, saying that you would also support.
00:24:35.680 So my question is, a tariff that Canada imposes is really just a 25% tax on the goods that we import.
00:24:43.840 So it's a 25% tax on what Canadians pay for.
00:24:46.960 So why is a Conservative leader agreeing with basically a 25% liberal tax increase?
00:24:54.240 Well, I don't agree with any liberal tax increase of any kind ever.
00:24:58.380 But I do believe that if a foreign government attacks Canadian industry, that we have to retaliate.
00:25:03.180 That is the only tool we have to deter.
00:25:06.180 These tariff threats from the United States are utterly unjustified.
00:25:09.080 There is no justification for what President Trump is threatening on Canada.
00:25:14.760 So that was back on February 13th, but the issue still remains pertinent.
00:25:18.780 So I hear your point that the other measures that are non-tariff measures might be more effective than the tariffs themselves.
00:25:24.900 I'm not a fan of a 25% tax on Canadians.
00:25:27.360 And I don't think it's going to work, right?
00:25:28.760 Like, if we were at the point where, you know, we turn on this tax and it actually has a devastating impact on the American economy and Trump wakes up tomorrow morning and says, this is a big mistake, I'm going to undo them.
00:25:38.380 I just don't see that happening.
00:25:40.260 So at this point, I just don't understand why Canada is in such a weak position.
00:25:44.240 Why are we making ourselves weaker with this tax?
00:25:46.300 Well, I mean, I agree with Mr. Polyev.
00:25:48.500 I think you have to stand up for yourselves.
00:25:49.980 I think you have to, there will be an impact.
00:25:52.080 And as I think one of the commenters made in a lot of red states, which I think is good, which I think will hopefully help when members of Congress begin to start hearing complaints from their constituents that will filter up to the president, hopefully.
00:26:06.980 But I also think the other thing Mr. Polyev has proposed is a really good idea of saying, if we're going to have these tariffs, let's make sure we take any revenue collected from them and put them into immediate tax cuts for Canadians.
00:26:21.060 So that if we are going to all have to pay more for certain things that are imported, we'll have a little more money in our pocket.
00:26:27.100 And I appreciate that that will allow people to get ahead to some extent in a very difficult situation.
00:26:38.800 But I think we do have to stand up for ourselves because the most important thing, I think, from the beginning is that, as I said at the very beginning of this, Trump smells weakness.
00:26:47.860 And I think if we don't put anything back, he'll just see it as more weakness and he'll say, great, 25 percent, let's make it 35.
00:26:53.740 So I think we have to stand up for ourselves and say that we are going to have to inflict some pain going the other way as well, while recognizing it's not, we can do far less damage to the American economy than they can to us.
00:27:05.800 Well, here is Immigration Minister Mark Miller.
00:27:08.680 He was on CBC and he said that it's OK because Canada, Canadians, he says, have a higher pain threshold, apparently, than Americans.
00:27:17.380 Let's play that clip.
00:27:17.860 And it will continue to be important to diversify our economies, but we can't replace an economy that is responsible for 80 percent of our trade overnight and it's going to hurt.
00:27:28.840 My message is to Canadians is that we have a higher pain threshold than our partners to the south of us.
00:27:35.520 We can continue to fight.
00:27:37.400 We will have to bring the fight and it will hurt Americans as well.
00:27:40.560 And not to be outdone, NDP leader Jagmeet Singh was out there last night saying that it's time for Trudeau to basically kick Donald Trump out of the G7 and uninvite him from the upcoming G7 meeting in Alberta.
00:27:58.520 Let's play that clip.
00:27:59.100 Given that we are the host of the G7 summit and given that Donald Trump has threatened our very sovereignty, threatened our economic security, we should not invite Donald Trump to the G7.
00:28:13.080 It doesn't make any sense to do so.
00:28:14.740 As a host, we should work with other countries to develop a strategy on how we can resist the very dangerous ideas that Donald Trump is putting forward.
00:28:23.460 And that should be the focus of the summit.
00:28:25.060 I mean, forget about Singh's comments there because they're silly, but it will be interesting.
00:28:30.280 I mean, we have this meeting coming up.
00:28:31.980 Trump will be there and we will have a new prime minister.
00:28:34.900 Maybe we'll have two new prime ministers by then, but it won't be Justin Trudeau.
00:28:38.760 And I think that that will be a meeting to watch.
00:28:41.020 What's your takeaway from some of these reactions we're seeing?
00:28:43.900 I mean, I think Mark Miller's trying to sort of play to some sort of bizarre version of K-8 nationalism.
00:28:49.400 He couldn't even get through the line about a higher pain threshold without sort of smirking and laughing himself.
00:28:55.060 He knew he was ridiculous and when he was saying it, it was just absurd.
00:28:59.200 And it really shows just how the liberals are, you know, this is serious business and they can't quite manage to deal with these serious topics.
00:29:07.320 And it's one of the reasons why we're in this mess.
00:29:09.840 You know, obviously Singh is just being silly and further proving how absolutely inadequate he is for anything remotely approaching the leaders of power.
00:29:19.100 Look, Donald Trump's a dealmaker.
00:29:20.660 He prides himself on a dealmaker.
00:29:21.960 If there's anything he sees himself as, it's a dealmaker.
00:29:25.200 Frankly, an in-person meeting at a summit in Canada, that's an opportunity for something.
00:29:30.180 I think Trump sees this, you know, the meeting is in three or four months, I believe.
00:29:35.320 And that is about enough time for Trump to make a point with tariffs and to have a new prime minister to make a deal with.
00:29:42.940 I think Trump might see it as an opportunity to make a deal and it could be an opportunity to do so.
00:29:47.960 And I think Canadians would be foolish to turn our back on that opportunity to come up with some sort of deal that will last through the rest of the Trump presidency.
00:29:56.360 Well, because I have you, I just have to take it over and talk about the polling because we have just seen a spectacular change in fortunes, right?
00:30:05.940 Like I came back and started doing my show in early January, coming back from maternity leave.
00:30:12.060 And at that point, the conservatives looked like they were going to walk away with the largest majority in the generation.
00:30:17.420 And it seemed just like a matter of time, like Justin Trudeau needs to step down when the election comes, we will see this change.
00:30:23.520 And then you look at what has happened basically since that time, since January, and just the spectacular change.
00:30:31.020 I think we have that graph that everyone has been pointing at.
00:30:33.860 So conservative lead, you know, just in the last two, two, three months there has basically all but disappeared.
00:30:40.600 We've had you on the show a few times, Hamish, to sort of help us understand whether, you know, the polls were real,
00:30:46.000 whether it was something that the media was manufacturing or somehow were they overreading a trend.
00:30:52.200 It still, it still confuses me because the latest Ipsos poll, which came out on February 23rd,
00:30:57.340 shows that the liberals are actually beating the conservatives by two points.
00:31:01.100 And that would be the first time that liberals have been ahead in a poll since 2021.
00:31:06.300 Still very close, but it shows liberals clearly ahead.
00:31:09.220 But then after that, Abacus data came out and Abacus has repeatedly found that the conservatives are ahead.
00:31:16.000 David Coletto is a very reputable pollster and by no means a conservative, very fair and balanced.
00:31:23.640 And he's gone out into the field several times to try to see if the liberal bounce is real.
00:31:28.420 He can't, he doesn't seem to be able to find it.
00:31:30.440 So his latest poll shows conservatives up at 41, liberals down at 29.
00:31:36.120 Maybe first of all, talk about the discrepancy there.
00:31:39.220 And which poll do you think is more accurate?
00:31:42.000 Or are they both off?
00:31:43.320 Like, where do you think we are as a country right now?
00:31:45.920 So when I see things like that, when I see multiple reputable pollsters coming up with dramatically different results,
00:31:52.860 it clearly shows to me that we have an electorate in turmoil that has extremely soft impressions of everything that's going on.
00:32:00.440 What's very, very clear to me is that people were very, very sick and tired of Justin Trudeau.
00:32:05.240 And they wanted change.
00:32:07.600 With him leaving, they're getting something of change.
00:32:10.680 Carney is even newer to the scene in terms of frontline politics than Mr. Polyev.
00:32:18.200 And people are checking that out.
00:32:19.720 And we're seeing Mr. Carney's running into a lot of trouble where he keeps making things up.
00:32:25.820 And I think things will begin to, the reality of Carney will not line up with the sort of fantasy version we're getting at the moment.
00:32:35.680 But what we're seeing is that Canadians are just saying, well, thank God Trudeau's gone.
00:32:38.640 We want change.
00:32:39.620 And they're kicking the tires a bit.
00:32:41.120 Is this Carney guy, are the new liberals, are they actually change?
00:32:44.780 Or is it still the conservatives?
00:32:47.600 So I don't particularly, when I see, when I see two pollsters that are both reputable coming up with radically different results,
00:32:54.740 it really is a function of a great deal of unsettlingness.
00:33:00.540 And that neither of them probably, either of you is being measured, are probably too firmly held.
00:33:06.200 And we can expect change.
00:33:08.900 And almost certainly something will be different by the time we get through an election.
00:33:12.600 So we're going into a period of turmoil.
00:33:15.320 We're going to a period where people want change.
00:33:17.900 But we've seen this before, right?
00:33:19.480 When Brian Mulroney stepped down and Kim Campbell became leader of the PCs,
00:33:24.020 they went from being, I think, 12% of the polls back up to being in the lead.
00:33:28.880 When Justice Trudeau's father stepped down and John Turner became the prime minister,
00:33:33.860 again, the incumbent government that had been extremely unpopular went back into the lead.
00:33:39.520 People were excited about something different, just have a different name when you turn on the news
00:33:43.960 and it's not the same person you can't stand.
00:33:46.900 So that's all been going on.
00:33:49.940 We'll see how it lasts once we get into an election campaign and people start evaluating,
00:33:54.120 you know, Carney or whoever the liberal leader is on their own merits.
00:33:57.460 And I think we'll begin to see some convergence in the polls.
00:34:02.240 Well, it is interesting when you look at some of the crosstabs here.
00:34:05.180 So Abacus poll asks Canadians, what is the top issue that you are looking at in the election?
00:34:11.640 And it shows, if we can show that on the screen there, 61% of Canadians still say that the rising cost of living is the top concern.
00:34:19.220 But what has popped all the way up to second place there is Donald Trump and his administration.
00:34:25.200 And my guess is that number would be even higher after the news that we're getting today.
00:34:29.160 The two issues are sort of becoming linked because people will feel a greater economic pain thanks to these tariffs.
00:34:36.180 And then the next one that I want to show is, who do you believe is the party best able to handle these issues?
00:34:42.500 And so you can see that when it comes to the cost of living, 37% trust the conservatives, only 21% say liberals.
00:34:49.640 But then when it comes to Trump, it's 29% conservatives and 39% liberals.
00:34:54.800 There's a couple of other issues that favor conservatives, including immigration and crime, which are also big issues.
00:35:00.120 But I think that the two big ones there are sort of split.
00:35:04.080 So I want to ask you a bit of a strategy question, Hamish,
00:35:07.280 because some people on the political right are upset with Pierre Polyev saying that he shouldn't be taking the same position when it comes to tariffs,
00:35:15.360 that maybe he should try to be seen as more reconciliatory towards Trump and trying to strike a deal.
00:35:20.920 Now, that probably would seem like political suicide to people who are more liberal voters.
00:35:25.620 And Trump, obviously, is not a beloved character in Canada.
00:35:28.980 I think most people, the majority of Canadians, overwhelming majority, have a negative opinion on him.
00:35:33.540 So do you think that part of the issue here is that Polyev doesn't have the right strategy?
00:35:39.960 No, I think Polyev's got the right strategy.
00:35:42.200 I think he's moved to change.
00:35:46.620 You know, obviously, things changed since Trudeau stepped down and these Trump tariffs have dominated the landscape.
00:35:54.320 And I think he's got the right strategy rolling ahead by explaining how he would do things differently.
00:36:00.280 And the only great example, really, is taking that any money collected from tariffs and using it to cut taxes to make life more affordable.
00:36:07.580 It's interesting. Liberals are just talking about pain.
00:36:09.580 They're not talking about doing anything on the other side to make life in any way more affordable for Canadians,
00:36:13.840 which has been what they frankly have done for the last three or four years as we've gone through this inflationary period.
00:36:19.860 So I think Mr. Polyev was on the right approach.
00:36:23.520 I think sucking up to Donald Trump at this point would be absolute political suicide in this country.
00:36:28.400 I think that I know lots of people who are Trump supporters, who are many of whom are backing away from that now.
00:36:35.420 He's showing he is absolutely no fan of Canada and no friend to our country, doesn't value the relationship we have with the United States at any level.
00:36:43.560 And that while some people might still like some of the things that Mr. Trump's doing in the United States,
00:36:51.160 that there is not a market for that political position in Canada.
00:36:55.260 And I think a conciliary tone, frankly, Mr. Trump would simply see that as more weakness
00:37:00.960 and more ability to push even further and to try to get even more of a change deal,
00:37:10.440 whatever that looks like, that's even better for him.
00:37:13.980 So I think the approach is the right one.
00:37:17.200 Look, the Liberals have a long history of standing up to Americans.
00:37:21.500 It's been part of their brand identity for a very, very long time.
00:37:25.120 So I'm not surprised they're ahead as a party on that issue.
00:37:28.900 I think it's striking that every other issue except for climate change and Trump,
00:37:33.800 the Conservatives, lead the Liberals, even on things like health care and housing.
00:37:37.720 And it's it's been it's pretty striking.
00:37:41.740 But you're right. It's it's certainly a challenge.
00:37:45.620 And but I think Mr. Poliev's on the right track.
00:37:49.340 He's got further to go, but he's on the right track and we'll see how things play out in time.
00:37:55.360 Well, so this must have been a gift to Poliev then.
00:37:59.400 Trump was speaking in an interview with Spectator magazine, a U.S. publication,
00:38:03.820 but an American journalist on Friday.
00:38:06.060 And he said that basically President Trump took aim at pure Poliev saying his biggest problem is
00:38:12.680 he's not a mega guy, not a Trump guy at all.
00:38:15.500 I think we have an audio clip of this.
00:38:17.060 Let's go to that.
00:38:17.560 Well, I think his biggest problem is he's not a mega guy, you know, he's really not.
00:38:23.980 He's not a Trump guy at all.
00:38:26.920 He's more of a throwback Republican.
00:38:29.280 He's different.
00:38:31.040 Yeah.
00:38:32.500 Making a big mistake.
00:38:33.740 They all make that mistake.
00:38:35.100 You know, they think they think they're going to be the tough guy and they're going to knock out Trump.
00:38:40.720 And they end up getting the hell beat out of him.
00:38:43.940 So I don't know.
00:38:44.940 I mean, I can't tell you, Pierre.
00:38:50.140 So this gave Poliev the opportunity to hit back.
00:38:54.940 And did we did we lose our video here?
00:38:57.640 OK, we might have to go audio only.
00:38:59.360 This gives Pierre Poliev the opportunity to hit back and basically just say, I'm not mega.
00:39:05.120 You're right, President Trump.
00:39:06.160 I'm not mega.
00:39:06.820 And, you know, he puts out this tweet saying that, Mr. President, it's true.
00:39:14.060 I'm not mega.
00:39:14.740 I'm for Canada first.
00:39:16.340 Always.
00:39:16.780 Canada has always been America's best friend and ally.
00:39:20.520 We will never be the 51st state.
00:39:22.980 So, Kamish, what do you make of that?
00:39:26.100 Do you think that this was helpful to Poliev at all?
00:39:28.700 Do you think that this will help break the impression that somehow Poliev won't be strong against Trump?
00:39:34.520 I think it will.
00:39:35.680 I think I think that distinction is important.
00:39:39.040 And I think that there's a certain part of the left who sort of will always see anybody, you know, to the right of Justin Trudeau as sort of a cartoon villain that all gets together in some sort of global right wing conspiracy.
00:39:51.860 But I think the fact that we did that, you know, we can draw the line so close, so clear, so separately between Poliev and Trump, I think will be positive for Mr. Poliev.
00:40:04.280 You know, he's a fierce believer and fighter for Canada.
00:40:07.380 And I think that will come out, continue to come out.
00:40:10.800 The speech he gave back in the middle of February was fantastic, explaining, you know, Canada's history and the role that we've played in North America and his vision going forward.
00:40:22.320 I think it was phenomenal. And, you know, I think we'll see a lot more of that.
00:40:25.760 And I think that will resonate with Canadians.
00:40:27.540 Okay, I want to get your opinion on this one, because I think Mark Carney is a front runner.
00:40:31.680 I think that there are some issues with him.
00:40:33.540 But I believe that the liberals will, I mean, he's sort of the person that's that's been selected to come in and save the Liberal Party from destruction.
00:40:41.680 But Chrystia Freeland is also out there making her case.
00:40:44.800 She was on real time with Bill Maher over the weekend.
00:40:48.180 And it was interesting to see Hamish, because, first of all, she throws Justin Trudeau under the bus.
00:40:53.260 Prime Minister Trudeau talks about how virtue signaling and identity politics has been overdone and talks about why she left Trudeau's cabinet.
00:41:01.500 Let's play that clip.
00:41:03.380 Justin Trudeau, who's on his way out, used to be very popular.
00:41:06.520 I mean, he still has his fans, three.
00:41:08.220 And they may be asking, why did you turn on him?
00:41:13.660 Because, you know, you were part of his government.
00:41:15.860 What was it?
00:41:16.860 My party, we're actually called the Liberal Party.
00:41:19.780 And I am an old school liberal.
00:41:23.060 And liberals in Canada win when we are focused on people and on what they need in their lives.
00:41:30.880 And we lose when people think that we're focused on virtue signaling and identity politics.
00:41:38.220 So, apparently, she's an old school liberal.
00:41:42.660 I haven't seen much of that over the last few years.
00:41:45.140 Hamish, I don't know, freezing bank accounts and using the Emergencies Act is really what we consider old school liberals.
00:41:52.180 She also takes a swipe at Pierre Polyev, calling him Maple Syrup Mega.
00:41:57.700 Let's play that clip.
00:41:58.280 And the guy you will be running against, Paul Pierre...
00:42:04.160 How do we say his name?
00:42:07.880 Pierre...
00:42:08.560 Well, I call him Maple Syrup Mega.
00:42:12.720 Or...
00:42:13.120 So, it's funny because Bill Maher's painting it as if it's a given that she's going to be running against Pierre Polyev.
00:42:22.920 I don't think it's going to happen.
00:42:24.600 But interesting that she's trying to make that happen.
00:42:28.240 She's been using that nickname a lot, calling him Maple Mega.
00:42:30.800 But I don't think it's resonating.
00:42:32.180 I don't think it works.
00:42:33.620 No.
00:42:33.940 And I think if you're trying to make someone sound like they're going to, you know, be pro-American, associating them with the word maple is probably kind of a poor branding choice.
00:42:44.400 Look, I mean, it just further shows that Chrystia Freeland's, you know, the worst communicator in the Western world.
00:42:49.740 And it's one of the reasons why she's not going to be the liberal leader in a few days.
00:42:53.900 Well, it was interesting that she...
00:42:55.520 Because Bill...
00:42:56.600 Sorry.
00:42:57.200 Mark Carney went on with Jon Stewart.
00:42:59.200 And that's how he launched his campaign.
00:43:01.040 And then you see Freeland on with Bill Maher.
00:43:03.000 So, it's interesting that they're choosing to go to an American audience, right?
00:43:05.960 Like, the liberals are this, like, hey, they literally fund the Canadian media.
00:43:09.700 They literally bail them out, fund them, put all this cash into CBC.
00:43:12.740 And then when it comes to trying to reach their audience, they know that no one's watching the Canadian show.
00:43:17.280 So, they go on the American shows, which tells you everything you need to know.
00:43:21.600 So, Hamish, what should we be looking out for on Sunday with the liberal leadership race being announced?
00:43:27.280 Who do you think is going to win?
00:43:29.800 Do you think it's going to be close?
00:43:31.040 And what should we be looking for?
00:43:33.120 I think it's going to be Carney.
00:43:34.680 All the indicators seem to be it's him.
00:43:36.520 Not just, you know, the big endorsements, but a lot of the behind-the-scenes organizers.
00:43:40.460 This is a race that's about getting people signed up, getting them registered, and then getting them to vote.
00:43:46.700 It's an on-ground organization that matters a ton.
00:43:50.500 Carney has the money, and he's got a lot of the good organizers with him.
00:43:53.440 So, that should make sure he wins.
00:43:57.380 It'll be interesting.
00:43:58.160 The two things I'm looking out for, number one, is overall how many people actually vote engaged in this process.
00:44:03.120 There's a lot of media hype about Carney.
00:44:04.780 There's a lot of focus in the polls about Carney, but when you look at the pictures of his events, the crowds aren't that big.
00:44:13.140 His engagement on social media is respectable, but not incredible.
00:44:18.040 So, the number of people who actually came out and voted is going to be extremely important.
00:44:22.220 You know, it's about 400,000 people signed up, but then they have to register and then vote.
00:44:28.480 So, we'll see what that number is, and I think it's going to be quite small when you compare it to the over 600,000 who voted in the Conservative leadership race a couple of years ago, or two and a half years ago.
00:44:39.780 So, overall, it's going to be interesting.
00:44:41.160 And then I think we're going to look for other areas, particularly in Quebec.
00:44:44.100 I mean, Mark Carney's French is fairly appalling for someone trying to be prime minister, especially with a large electoral party, a large electoral base in Quebec.
00:44:53.580 And I'm very interested to see if any of the others, none of whom are, frankly, you know, particularly strong Quebec sympathetic politicians, but if they're able to do anything there because of that.
00:45:06.140 So, that will be very interesting to see if that's what I'm looking out for.
00:45:09.540 Well, it is just interesting that Mark Carney, I mean, he's not a politician.
00:45:14.220 He hasn't really done this before.
00:45:15.400 He's never been elected to anything.
00:45:16.780 So, if he becomes party leader and prime minister, he'll be a prime minister without being a member of parliament, without having a seat.
00:45:23.060 I don't know that they're going to quickly go to a by-election or just trigger an election.
00:45:27.480 I do want to make a point, though, Hamish, that he'll mention that, oh, I'm not a politician, and kind of use that as a plus, which is something that Donald Trump also says.
00:45:35.600 But for Donald Trump, the thing about him not being a politician was that he was a little rough around the edges, not politically correct.
00:45:41.800 He would make statements that, to the political ear, sounded outrageous, but to the American, maybe like the middle-of-the-road American, they actually liked what he was saying.
00:45:49.580 And he also had this business background, so he was going to take business mindset and apply it to politics.
00:45:55.420 I'm not saying that it's going well, but that was his shtick.
00:45:58.180 Like, with Carney, it's like, what is his career?
00:46:00.840 Well, he's been an unelected bureaucrat who sort of seems like he tries to take a lot of credit for things that he may or may not have really been involved in.
00:46:10.080 And, you know, his career is that he's a bureaucrat.
00:46:13.760 So, you know, I don't think that that is really, has the same kind of, like, interest for the people to say, like, okay, well, he's not a politician, we'll give him a pass.
00:46:21.900 Because he's been operating in this political world for so long.
00:46:25.720 I see that as a major weakness for Carney.
00:46:28.040 But I did want to ask you, you can comment on that, but I also want to ask you, when do you think that the general election will get triggered?
00:46:33.820 Because we've heard rumors that it might happen immediately, like within 24 or 48 hours.
00:46:38.180 Other people say, no, he's going to want to be prime minister for a month or two and get the hang of it, maybe even wait until the G7 conference.
00:46:45.140 So comment on Carney and then tell us when you think the election is going to happen.
00:46:48.580 Yeah, I think politicians say I'm not a politician is something that nobody believes.
00:46:53.720 The way Trump was able to communicate that is exactly as you said, but he didn't act like a politician.
00:46:57.800 He didn't sound like any politician anybody had ever heard in 2015 and 2016, right?
00:47:01.720 It was completely different.
00:47:02.760 And that's how he didn't have to say I'm not a politician because he didn't act like one.
00:47:06.480 You know, Mark Carney acts exactly like sort of an identikit, mass produced politician.
00:47:14.400 And he keeps lying about being involved in political things, right?
00:47:18.160 He claims he helped Paul Martin balance the budget, which he didn't.
00:47:22.620 But also, if you're trying to say you're not part of the system, claiming you are is weird.
00:47:27.680 And then claims that he was key to saving Canada during the global financial crisis when it was Jim Flaherty making the tough calls.
00:47:38.900 And of course, you know, Jim's not here to defend him at all.
00:47:44.220 But again, if he's trying to be a politician, he shouldn't be associating himself with all these political type things.
00:47:49.960 He's completely, I think, doing completely backwards there.
00:47:52.360 But I will say that, you know, the rumor mill in Ottawa, for what it's worth, is that, you know, Carney will get sworn in as prime minister a few days after he wins the liberal leadership.
00:48:04.240 I'm not sure exactly which day.
00:48:05.680 And then call an election about a week later.
00:48:08.400 That might work.
00:48:09.440 It prevents him having to go for a by-election to get into the House, obviously.
00:48:14.400 Although there is, bizarrely, a by-election that was called on Sunday for Halifax.
00:48:18.820 It's open right now.
00:48:19.540 So maybe he could jump in as a liberal candidate right now there.
00:48:23.860 But I will say that the last time someone tried this was John Turner, who was not a member of parliament, became prime minister, and called an election 10 days later and took his party to the worst defeat in Canadian history.
00:48:38.380 So, you know, hopefully that's what happens again.
00:48:41.680 Okay.
00:48:41.980 Well, we'll have to have you back.
00:48:43.560 Hey, Mitch, thanks for joining the show.
00:48:44.380 It's always a pleasure to have you on here.
00:48:45.860 Your insights.
00:48:46.580 Thank you so much for joining us.
00:48:48.160 Thank you.
00:48:49.720 All right, everyone.
00:48:50.800 Thank you so much for tuning in.
00:48:52.140 We'll be back again tomorrow with all the news.
00:48:53.600 I'm Candice Malcolm.
00:48:54.240 This is the Candice Malcolm Show.
00:48:55.420 Thank you and God bless.