00:19:44.640It also pledged to shrink the deficit to less than 1% of GDP by 2026 and beyond.
00:19:51.460The party now hopes to achieve a deficit of 2% of GDP in 2526,
00:19:56.540falling only slightly to 1.8% the next year, then 1.6%, eventually 1.4% by 2028.
00:20:04.620This is a sharp increase compared to previous projections.
00:20:08.020Those in the last budget, the fall economic update,
00:20:10.340and even the parliamentary budget officer's most recent independent forecast
00:20:14.380and it's an even sharper increase from the government's own plans from just over two years
00:20:19.520ago when it projected a surplus by 2027. Prior to COVID, Canada had not seen sustained deficits
00:20:26.520this large outside recessions since the early 1990s. Rather than showing a decline in debt to
00:20:33.280GDP ratio from nearly 42 percent in 2025 to 39 percent by 2028, the new platform projects a rise
00:20:41.240to nearly 43 percent by 2027, with only a slight drop to 42.7 in 2028. That's an increase of 2.6
00:20:50.700percentage points of GDP compared to PBO's baseline and 3.7 points above the government's
00:20:57.560earlier budget plan. These are not only large numbers, but the entire fiscal trajectory of
00:21:03.120the federal government is now pointed in a potentially unsustainable direction. He illustrates,
00:21:08.560he goes on to say this is not a sustainable plan so when mark carney was asked about it by reporters
00:21:18.180yesterday he bristled watch oh trevor toome is wrong in your opinion yes i have more experience
00:21:28.700than he does and it's important to state that barry with cbc i'd like to follow i'd like to
00:21:33.900If you've got an economist like Trevor Toome saying that your plan is unsustainable, is there an argument that if Pierre Polyev is trying to bring down spending, bring down the deficit, that his plan is more fiscally responsible than yours?
00:21:49.900Okay. There's one thing that you can write on a paper, there's another thing that will happen in the economy.
00:21:55.900Okay, so our plan, to be clear, is focused on investment and growing this economy.
00:22:04.520All of the spending, all of the investment in years three and four are for growing the economy.
00:25:48.340Support. Tourism. Hospitality. Domestic services. Let me know.
00:25:52.460more homes built faster and we're also working hard to be sure thank you that homes are not a
00:26:00.700thank you very much no thank you did you hear what she just said
00:26:05.200we're working hard to make sure that homes are not a financial our homes built faster
00:26:13.740and we're also working hard to be sure thank you very much are not a financial asset thank
00:26:18.940you very much no thank you very much for making clear that the conservative party doesn't actually
00:26:25.580care about whether homes are for canadians to live in does the conservative party not care
00:26:30.420if there are vacant thank you minister we're actually advocating for some common sense0.70
00:26:35.380these boomers for carny have no idea what they're getting never mind future generations that's
00:26:48.780already been covered. They have no idea what they're getting themselves into. They don't0.65
00:26:55.140understand. They don't get it. Here's a story that I ran across today from mpameg.com. Home
00:27:06.460equity will stay tax-free and conservative government. Polyev promises retirees. This is
00:27:11.240from a couple of days ago when he was addressing the retiree group in Toronto, I believe. The
00:27:16.960Liberals say claims they would introduce home equity, equity tax or false, even though they wanted to increase the capital gains tax from 50 to 75 percent last year.
00:27:26.200And CRA went as far as starting to implement that that platform before it was ever made into law.
00:27:36.920Polly says a conservative government would never impose a tax on home equity, warning the liberals could consider it to fund spending plans, claims the liberals strongly deny.
00:27:46.960Speaking to members of the Canadian Association of Retired Persons, or CARP, in Toronto on Monday,
00:27:53.380Polyev responded directly to a question on whether his government would ever tax equity Canadians have built up in their homes.
00:28:00.580He says, we will never allow a tax on home equity, period, full stop, not going to happen.
00:28:06.960He did suggest the Liberals would do it, and sure, they wanted to increase the capital gains tax.
00:28:13.280They were considering raiding your savings, raiding your investments.
00:44:28.800That includes continuing to invest in fossil fuel companies?
00:44:31.600Well, listen, Hannah, you know, there is not a green switch that we can flip this afternoon and move from being economies where four fifths of global energy is supplied by fossil fuels today and overnight be 100 percent supplied by renewables.
00:44:45.900That's not possible. But what is essential is there's not new investment in additional capacity that the world is not going to need.
00:44:55.380but we'll ignore brookfield buying the pipelines in brazil and the uae we'll just overlook that
00:45:04.300one no big deal we'll overlook china building one maybe two new coal plants every week we'll
00:45:13.360overlook that because they have a commitment china's got a commitment they've got a commitment
00:53:07.540Can you trust the same people who have put Canada in this predicament or can we move forward with change for the better?
00:53:13.920A representative that puts you first for a change.
00:53:18.140I've heard a common theme about unity during this election.
00:53:21.700A great symbol for a united Canada is a West East pipeline, a reinvigorated military, a growing and vibrant middle class and an economy that doesn't rank last in the G7.
00:53:34.300We cannot afford a fourth liberal term.
00:53:36.920I will work tirelessly to make things affordable again, to make Canada more resilient and self-reliant.
00:53:43.840I want to help get our economy growing again.
00:53:46.340We can make this community a safe and enjoyable place to live, work, and raise a family.
00:53:52.220Conservatives can make these changes a reality.
00:53:56.240Canada, Beaver, Brooke, if you know somebody who lives in that riding, talk to them.
00:54:02.660hell if you know somebody that lives in any riding that might go liberal please talk to them
00:54:10.620we told you last night that records were smashed in advance polling over the weekend friday saturday
00:54:17.820sunday monday saw 25 percent more people than ever before going to vote in the advance polls i heard
00:54:24.320from the the guy who was running the conservative campaign in bc today he said don't be fooled by
00:54:30.600that. We had record numbers in advance polls in the B.C. election. We thought we're in the clear
00:54:36.340because, generally speaking, a population that wants change wants to get to the polls as fast
00:54:42.420as they can, and they go vote early. But that didn't happen in B.C. Yes, the Conservative
00:54:47.960Party did very well in B.C., and they came close to forming government, but they didn't win.
00:54:53.360the NDP still holds a majority government, believe it or not, in BC. The same can happen
00:55:02.060in our country. They're expecting the highest voter turnout since 1984, somewhere near 75,
00:55:09.86080% even. That's incredible. They say it could be even higher than the record voter turnout
00:55:18.280in 1958 when john dieffenbaker won a minority government in terms of percentages obviously
00:55:24.580not the number of votes because canada was significantly smaller population wise back then
00:55:29.340if you know somebody and i know what you're thinking as i say this if you know somebody
00:55:37.440who's just not going to vote they don't care i'm not interested in that stuff i'm not interested
00:55:45.620in politics you can say to them any number of things you can say look what they did to you
00:55:50.580during covid look what they did to all of us during covid just by declaring an emergency
00:55:57.440just by dropping a mandate look what they did to you
00:56:02.840you may not be interested in politics but politics is definitely interested in you
00:57:44.520In your city or town, what I mean by that, obviously, in case you don't have one, in case you have never seen one before, is a conflagration of tents.
00:58:27.200People who have spent $700,000, $800,000, $900,000 on a nice home in the city will wake up one morning, and next thing you know, there's 100 homeless people living outside the front steps, maybe about 100 feet away.
00:58:42.440And more and more are coming because, hey, where those people are, I want to be if I'm homeless.
00:58:47.920And so they all get together, and what are you going to do?
00:58:50.380Now you've got all these drug-addicted people.
00:58:53.440And again, I have nothing against, you know, people who are homeless. I don't. But many of them want to be in that situation. I know this from experience. I've spoken to many of them and I've volunteered at many, many different homeless shelters in the city of Winnipeg. I get it. I totally understand. They don't know anything else. They don't want anything else. That's their life.
00:59:16.380many of them are addicted to whatever substance they can find yeah glue sniffing it's real it
00:59:25.280happens whatever they can get their hands on now if you don't live in that world do you want
00:59:36.120something that something like that near the home that you just spent seven hundred and fifty