True Patriot Love - August 11, 2026


Canada’s 50% Tariff Countdown： What Happens Next？ ft. Ron Caughlin


Episode Stats


Length

33 minutes

Words per minute

165.58

Word count

5,615

Sentence count

41


Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 i think the only thing that came out on the weekend on in the mainstream media was uh
00:00:06.400 pierre polio is telling prime minister carney to have a backbone okay and that's sad
00:00:17.200 nine days left till 50 percent tariffs on 554 items actually shipping from canada to the united
00:00:25.360 states and today i have ron coghlin with me today and thank you ron yeah thank you glad to be here
00:00:32.880 ron's a new member uh to tpl media and we're excited to have him he's jumping right in mike's
00:00:39.200 on the west coast tour and as he's traveling doing a great number of great shows on wildfires and
00:00:47.600 meeting some interesting people in bc and calgary he was in bc on the weekend uh when that state of
00:00:55.040 emergency drop so we wish him all the best and we're tracking him as he as he heads west uh in
00:01:00.800 the tpl media car so ron thank you for jumping in hot topic on the weekend it really is you know i
00:01:08.240 mean canadians are becoming kind of numb from all this these announcements that are coming recently
00:01:15.200 are affecting canadian consumer confidence and it's a major issue i'm not sure they'd understand
00:01:22.400 what it means to them but overall it's affecting their their mood and it also continues to affect
00:01:29.120 travel to the us and that's a big deal right so you're getting a lot of pushback by a lot of
00:01:35.680 states in the us saying this is this is hurting us and please help us with uh trump not really
00:01:42.560 listening to them at this time so yeah well before i jump in because you know we did a show on this
00:01:48.240 which it was 50 tariffs and the uh gordy howe bridge so before i jump into the show uh i really
00:01:56.320 want to you know go through the weekend because it was a flurry on the weekend and yesterday i was
00:02:02.800 moving along i was working i was over here spent some time with my dad and i was listening to the
00:02:09.600 news as i was in my truck traveling along and pierre polyev came up and we haven't heard much
00:02:14.480 about from pierre lately he's been pretty quiet uh summertime you know and he came to the podium
00:02:21.520 it was interesting and he had his minister of canadian u.s relations uh with him a shadow
00:02:29.440 minister uh shoveloy majender and uh from the conservative party and he he actually wrote an
00:02:38.560 open letter to the prime minister and i'm going to go through with you because i think this is
00:02:43.040 really interesting because you know the mainstream media uh really discounted this letter and i
00:02:48.800 thought the letter had some interesting points in it so he writes mr prime minister this week
00:02:55.760 it was reported that your government is preparing to make even more concessions
00:03:01.280 to president trump in exchange for only partial relief from american tariffs so he's speculating
00:03:08.080 i'm just gonna you know add some flavor into it as we're going but he's speculating that he's going
00:03:14.240 to concede already and the mainstream media was actually putting this into the biosphere into the
00:03:20.720 media over the weekend saying you know there's going to be some concessions i don't know if you
00:03:24.960 saw over the weekend ron the guys from the uh dairy industry or milk were on just like doing their
00:03:32.880 lobbying doing their media saying don't you know from quebec they're saying don't give up don't
00:03:39.120 concede to uh dairy quotas um he goes on and says let us please let us be clear right off the top
00:03:48.000 you told canadians that no deal is better than a bad deal yet for 26 700 manufacturing workers
00:03:56.560 who are out of work this year the auto workers who have lost shifts from ingresol and oshawa to
00:04:04.160 brampton and saint teresa and the 17 000 forestry workers out of jobs in bc since 2022 the status
00:04:14.720 quo is a bad deal so you know he he cites a bunch of instances where a lot of people are sitting on
00:04:22.000 the sidelines now waiting for these tariffs to come to an end for the past year and a half you
00:04:27.680 have backed down to one american demand after another while getting nothing in return with
00:04:33.920 concession after concession you dropped the digital service tax and the netflix tax removed canada's
00:04:40.320 retaliatory tariffs and handed the united states half of the net total revenue from the gordy howe
00:04:47.280 international bridge before canada has even recovered its construction costs worse you
00:04:54.080 have lost ground with american tariffs on canadian steel and aluminum doubling and broadening and
00:05:00.480 tariffs on lumber tripling well this deal with uh the bridge is really confusing everybody
00:05:10.000 most the average canadian doesn't understand why we pay for it but and and yet we have to give them
00:05:16.720 50 of the proceeds from all the revenue coming through the bridge itself so exactly everybody
00:05:24.000 is wondering why this is and it's not being communicated very well from the prime minister
00:05:30.560 or from his colleagues there yeah you know ron it's interesting because on previous shows
00:05:37.440 i couldn't understand the timing so what happened was i was looking at it and i kept saying
00:05:42.400 don't negotiate this now leave the bridge shut quite frankly i i don't know if uh it's been in
00:05:47.920 the news over the past past few days is that they haven't had great ridership on the bridge
00:05:56.720 you know the existing arrangements for shipping with logistics companies for the ambassador
00:06:02.640 have remained and even though the tolls for the ambassador are higher
00:06:05.760 they keep using it because they have discounts they have flat fee arrangements there's a lot
00:06:13.100 of deals in that ambassador bridge it's been around for 98 years so quite frankly to step
00:06:18.940 in now and actually get traffic to use the new bridge is very tough so my comment when we did
00:06:25.780 that deal was why now why not co-mingle it into the whole tariff negotiation and try to to keep
00:06:32.680 your existing deal and and that's the same with the digital deal you know quite frankly as soon
00:06:37.640 as we did that we brought it to the table quickly um and then we backed off and that i think that's
00:06:42.760 what pierre's talking about and then he goes on he says before you concede anything canians deserve
00:06:48.120 a good deal that means zero tariffs or duties on soft lumber as prime minister harper secured
00:06:55.320 within 79 days of taking office an end to sectoral tariffs on steel and aluminum that currently
00:07:01.560 apply to all exports including almost all products that canadian uh that contain canadian steel
00:07:10.120 a tariff free auto pack similar to the 1965 canada u.s agreement where a car from a kuzma
00:07:17.640 partner can be sold duty free for every car the same manufacturer produces in canada on a dollar
00:07:26.200 four dollar basis and full exemption to buy american rules on infrastructure projects
00:07:32.600 at all levels of government so you know he he has you know one thing they did do i think the
00:07:39.240 conservatives they've done a pretty decent job of it they have kind of laid out recommendations on
00:07:44.840 what to do and you know he's just going back and saying okay here i'm citing uh some history for
00:07:51.640 you of of you know what uh premier or prime minister harper what uh the auto pack was
00:07:58.920 previously you know he's he's trying to give him some guidance our message is clear we want to win
00:08:06.520 and the good deal you promised 15 months ago no more pursuing policies of a damaged decline at
00:08:13.480 home our geography is north america you conceded that your wait and see approach failed by reversing
00:08:20.360 course to now negotiating on terms you did not decide no more caving canadians are paying the
00:08:26.840 price on this cost of waiting tens of thousands unemployed a recessionary and flat-lined economy
00:08:34.040 laden with uncertainty with no major decisions and no objective plan for growth prime minister
00:08:41.400 you had the support of conservatives to build our domestic strength establish new leverage use the
00:08:47.720 leverage Canada still has to secure a tariff-free deal. For example, we propose unblocking our
00:08:53.320 resources and committing to a strategic energy and minerals reserve that is only available to
00:08:58.600 countries who have agreed to provide tariff-free market access. This would strengthen Canada's
00:09:04.360 hand by making secure access to our critical minerals a reward for free and fair trade.
00:09:11.160 We have proposed all along policies that would unleash our resources and our industrial base, harden our borders and secure our land, policies that would confront forced labor products in our markets and regimes that seek to reorganize the free markets we have built.
00:09:30.580 We propose a plan that actually and objectively strengthen Canadian economic and national security to negotiate with Washington and the world.
00:09:40.560 A good and comprehensive deal for our people.
00:09:43.760 A country that is strong at home for unbreakable leverage abroad.
00:09:48.900 Canadians deserve a government that has backbone to fight for our workers, our families, and every inch of our sovereignty.
00:09:55.400 Take our plan, take our credit, just deliver.
00:09:58.660 So it's interesting.
00:09:59.760 you know it's a political statement i get it right and so you know you were chuckling at the
00:10:03.760 end of it and it it sounds kind of goofy when you see you know the the end statement but but you know
00:10:10.400 i think the only thing that came out on the weekend on in the mainstream media was uh
00:10:16.800 pierre polyev is telling prime minister carney to have a backbone okay and that's sad and it's
00:10:23.760 sad for a number of reasons wrong because it doesn't go in you know he's saying unblocking
00:10:28.880 our resources as a committee to a strategic energy and minerals reserve that only available
00:10:33.520 to countries that have agreed to provide tariff-free market access so we're talking about
00:10:39.040 having this september uh convention where we're going to bring investors to invest in canada
00:10:44.480 okay great right what do we get in return for that yeah i've been saying that from day one
00:10:50.000 we're going to open up our market for investment in our minerals our resources
00:10:54.240 all the great things we have in canada what are we getting back jobs yeah and i find it's quite
00:11:01.120 interesting that um our prime minister decided to take a little vacation right now once this came
00:11:07.680 out but he's not really responding to this like not saying that he would but no it's it's a it's
00:11:15.360 a tough time and we have we don't have a lot of time until this agreement comes into a place nine
00:11:21.360 days and at this time what we're finding i think is that the canadian consumer is actually
00:11:30.000 disheartened and not really understanding where this is going to go and how it will affect them
00:11:35.920 in the pocketbook will the price of groceries go up will gas prices go up these are all the
00:11:42.400 major issues that are out there today that most average canadians are thinking about you know
00:11:47.520 yeah yeah they are and you you know i know you know everyone deserves a vacation let's put it
00:11:53.520 that way and i don't i don't begrudge anyone timing of vacations i always say it to our team too
00:11:58.640 you know let's let's plan our vacations around busy times and not busy times and we had lots of
00:12:04.960 time over the last six and 12 months where we could have taken vacations i think
00:12:10.880 now stepping off i think it's strategic i really do i think the prime minister's people have said
00:12:16.240 you know what it's good for you to kind of distance yourself because we don't know how
00:12:19.920 this is going to go you know we have nine days left uh dominic leblanc and his team are are
00:12:26.080 heading to are they actually i think they stayed in washington this weekend they continue to
00:12:31.040 negotiate they're telling us they're making headway um but you know jameson greer he's a tough guy
00:12:37.120 you know he he really is and uh we've uh went through his background his military background
00:12:43.600 his legal background in previous shows he's not an easy negotiator so they they really up or against
00:12:49.360 it but i think they finally said to the prime minister it's better for you to go on vacation
00:12:54.240 you know they used to do this with trudeau i don't know if you remember this but they used to say to
00:12:57.760 him maybe it's time you know you go away for a while unfortunately he used to go away to places
00:13:02.720 where he shouldn't have gone away so i i don't know if you noticed but they actually on the
00:13:07.760 a taxpayer's dime well it's interesting before uh the prime minister went away they went to the
00:13:14.800 conflict of interest officer and they actually cleared it yeah i thought that was interesting
00:13:19.440 because they were worried that's a smart move yeah yeah well they've learned a little bit right
00:13:24.080 because that was happening to them before they used to tell trudeau to get off the scene for a
00:13:28.560 while he used to disappear and quite frankly then they'd find out he was on some island he shouldn't
00:13:33.360 beyond and then they'd call a conflict and then it would go back and it was a it was a mess right
00:13:38.400 yeah so he's for all purposes you know they say he's reduced his hours but you know i think they
00:13:44.400 just said to him you know go away uh we're going to call you as we go through this so but what is
00:13:50.000 this i guess ron because you know it before the the show we sat around and we said you know what
00:13:57.440 we're into this section 338 of the tariff act now this is the smooth holly tariff act in the united
00:14:03.840 states and some of people are going to say well what is that well 1930 i think yeah yeah it was
00:14:09.600 written in 1930. it's never been used to impose tariffs so this is very interesting so after
00:14:17.440 iepa um and you know that was uh the international standards was which trump remember remember he
00:14:24.320 went on to the white house lawn and he pulled up that billboard it had what everyone was going to
00:14:29.040 pay as a tariff yeah yeah you know months and months ago after that went away and he couldn't
00:14:35.520 use it the supreme court court ruled against him in the united states he actually went and said
00:14:41.760 listen then i'm going to use 338 and i'm going to come back and i'm using the smooth holly tariff act
00:14:47.120 and it allows me to tariff up to 50 percent it allows me to do it without investigations public
00:14:54.400 comment and uh i don't have to worry about it i have 30 days that i can enact it and off we went
00:15:00.880 and he on july 20th he you know mike actually read it and for the last show i did with mike
00:15:06.960 before he went on the west coast tour i really encourage people to go back and listen to it
00:15:12.080 because we went to the white house site and we read off the whole proclamation of president trump
00:15:21.040 and it was very interesting because it tied again to the defense uh strategy it tied back to his
00:15:27.920 trade policy um it included mexico canada uh it talked about why he was getting out of uh
00:15:35.440 uh kuzma it's very interesting you know they always say to people you don't have to go very
00:15:42.160 far to figure out what americans are thinking they write it right on their website they're
00:15:46.960 right on their white house website and there it was so ron 554 items that's what we're talking
00:15:54.400 about yeah we're usually just focusing on a couple of categories right and maybe six different
00:15:59.520 categories so what are these items like yeah it's like uh how does this affect you know the u.s and
00:16:07.520 them paying things i think there's double dipping going on back and forth so yeah i don't want to
00:16:13.040 explain a little bit about these items well you know it's interesting because we i think you hit
00:16:17.360 it on the head when we listen to the mainstream media and we listen to you know news at six they
00:16:23.040 only have 30 seconds so they tell us you know it's it's dairy it's agriculture it's alcohol
00:16:28.640 and they really focus on alcohol i love the way everything's about alcohol when they put it on tv
00:16:33.360 um but you know what it's way more than that and hockey sticks sorry you you mentioned and how many
00:16:38.640 people make hockey sticks in america only two major brands in the u.s are not even that
00:16:44.320 used very often so most of them are coming from here or from from china or other places yeah well
00:16:50.800 that might help us a little so so you know of course alcohol dairy agricultural seeds and
00:16:58.000 nursery animal products natural extracts chemicals cosmetics plastics rubber leather leather goods
00:17:06.160 leather hides forestry lumber products plywood wood construction paper packaging printed products
00:17:12.800 textiles knitted apparel woven apparel textile accessories uh foot gear head gear hair products
00:17:20.240 jewelry costume jewelry construction materials glass metals tools i'm sorry tools hardware
00:17:26.880 industrial machinery manufacturing equipment hvac refrigeration agricultural machinery
00:17:33.600 electronics communication audio visual cameras navigation electrical equipment marine motorcycles
00:17:40.080 furniture lighting recreational equipment hockey fishing fitness toys games seasonal goods
00:17:47.760 fine arts antiques collectibles specialty manufacturing and i have to take a breath
00:17:55.200 that's a big list but you know within here are 554 categories that are impacted by this and you
00:18:02.400 know what i think you know eyes wide open we have to tell people and that we haven't done a great
00:18:08.800 job at unfortunately and i think that's where the the public is now catching up and i think
00:18:14.640 not only are um we're trying to race to get a deal done you know dominic leblanc and the
00:18:20.560 negotiators in washington i think your public confidence thing ron is really catching up
00:18:26.160 because now i think it's kind of you're starting to see articles and and people writing about the
00:18:32.400 number of items impacted by this and the huge implications well canadians are fighting back
00:18:38.960 i mean you can look at just um you know u.s products being bought by canadians just in
00:18:44.960 grocery stores and that continues to be uh double digit volume drops and i think that's
00:18:51.840 if people are not they're they're actually checking what's going on there checking where
00:18:57.280 their corn came from and their their vegetables and fruits and i i think that's the little you
00:19:03.360 know you know little things like that can go a long way in the end and canadians are fighting
00:19:10.320 that they're also fighting back in terms of travel travel to the u.s uh there's a huge decrease in
00:19:16.400 cross-border shopping uh as well as planned trips to the u.s people are deciding to go other places
00:19:22.160 around the world and not to their typical locations down there but more more affected is the actual
00:19:30.480 cross-border shopping that used to happen and that's also because of our canadian week dollar
00:19:36.320 and how much it all costs to actually do that yeah it's crazy right now we're going to get to
00:19:41.200 the dollar in a minute but you know actually uh this is interesting and i'm going to hit on it
00:19:47.200 then i'm going to go to the dollar because i think that's a that's a good point ron you know
00:19:51.040 donald trump went to las vegas last week i think it was it was the fifth right and he arrived and
00:20:01.120 right away he levied a unique insult at canada while giving a speech in las vegas trump called
00:20:07.680 canadians nasty uh the term that the president used to describe canada and its leadership
00:20:15.040 throughout his second term and you know he's continually kind of hit this narrative um
00:20:21.280 and he was riffing about how much he loved tariffs and he took the time to list countries
00:20:27.600 that had wronged the united states again and he paid political political particular attention to
00:20:33.520 canada um giving us an extra dose of criticism so he was you know he's down there he went from
00:20:40.480 la to las vegas and then he says canada's nasty they are they're nasty he continued i love the
00:20:49.120 people but they're nasty nasty leadership and this you know this was on cbc news and he used that
00:20:56.480 adjective uh five times in the speech on cbc and then we came back and this is you know our prime
00:21:04.080 minister uh prime minister carney whatever adjective is used yes we're standing up for
00:21:09.520 canadian workers for canadian businesses and we will always have and we always have from the start
00:21:16.480 so yeah i mean you know it's interesting how he kind of it was a very quick retort and then he
00:21:22.720 was off the ice he didn't want to get into that discussion at all no and i think it was a bait
00:21:28.880 right oh yeah and it's it's a pr stunt on on trump's point he's trying to get that message
00:21:36.000 across to his followers down there yeah and at the end of the day i think we just have to stay
00:21:41.680 our course and continue to negotiate continue not to listen to what's uh the rhetoric that's going
00:21:48.160 on and i think they're doing that fairly well um they also think they need to listen to to our
00:21:55.360 you know the opposition and work with the opposition which they don't seem to be doing right
00:22:00.240 now um but at the same time i would hope that we do get a deal in nine days um there's a lot of
00:22:08.560 people saying we won't and then where are we going to be so we'll have to see where we end up from
00:22:15.200 here yeah well it's interesting because you know as trump is in vegas and he's having these
00:22:20.320 conversations you know and he he's such a wheeler dealer as you're watching him because quite
00:22:25.440 frankly he's cool as a cucumber because he is uh and his administration are writing checks now
00:22:34.080 of about a hundred billion dollars in tariff refunds so for you for those of you who don't
00:22:40.160 remember you know there was a 6-3 ruling handed down fit in february february 20th and the supreme
00:22:46.240 card found the court had overstepped his trump had overstepped his authority by invoking the
00:22:51.840 international emergency economic powers act of 1977 a statute originally designed to address
00:22:59.040 nasa national security threats uh to impose wide-ranging trade levies on imports from u.s
00:23:07.120 trading partners so and that's how we got into this and i won't go in we've been through it on
00:23:11.840 other shows you know we went from 25 to 35 back to 10. you know we bounced around but now he's
00:23:18.720 writing the check right so now he's like so as you know as he's calling us nasty and you know
00:23:25.200 difficult to deal with he's pressurized he's got the midterms coming up he's writing all these
00:23:31.200 large checks to other uh people who have imported importers and businesses that pay the original
00:23:38.880 duties he's got to give them back and so you know then he's like oh boy i'm really under it now
00:23:45.600 because they got the midterms i'm now having the the right 100 billion dollars americans aren't
00:23:51.840 talking about that a lot but they're very aware you know democrats quite frankly are are telling
00:23:57.520 him all the time you know as he's going towards midterms so you know he's he's under supreme
00:24:05.680 immense pressure to deal with his fiscal household right he's got the war in iran which money is just
00:24:13.200 flowing out the door he's got a he's got to go and he's got to write a hundred billion dollars
00:24:18.880 in checks back he's going to get that money back but now he's starting to amp up the tariffs around
00:24:24.480 the world so for us you know thinking this 50 uh 338 act is really bad well the rest of the world
00:24:32.800 is seeing it too and we're not the only ones we're just one of the large his largest trading partners
00:24:38.160 and we're his closest you know used to be friend um you know we're seeing it bang on so as we're
00:24:45.360 scampering around we're starting to wonder you know the politics in canada have been uh very
00:24:52.160 quiet you know we've the media politicians you know we've tracked this widely but i don't think
00:24:59.920 anyone really picked up on the fact that when uh he basically called uh 338 when he enacted it
00:25:10.160 we had 30 days and so now the 30 days is coming up in nine days and he's trying to figure out
00:25:17.120 where he goes and people are like well you know i'm just going to continue like i used to continue
00:25:22.720 under iepa but you can't now right because under 338 a lot of the things were that were under
00:25:29.600 kuzma and that were non that's no longer there so now under 338 it's now a pure 50 percent
00:25:37.680 and that's the scary part now as we go through this and it's interesting ron i was kind of
00:25:42.640 taking a look at this because we had talked about it earlier the u.s signed an executive order or
00:25:48.320 the president signing an executive order in the U.S. that seeks to tighten U.S. customs enforcement
00:25:54.000 to crack down on fraud and shell importers that evade duties. Basically, they're going through
00:26:02.640 a stricter regime that will strengthen importer registration, bonding disclosure, vetting and
00:26:09.760 enforcement. So this will actually raise the bar on how people can import and how much of information
00:26:17.300 they must provide so while they're doing that they're actually shutting the borders well they're
00:26:22.660 not shutting the borders they're tightening the borders to make sure you know people aren't still
00:26:27.560 sending things through not paying their tariffs and their duties so they're they're they're doing
00:26:32.960 them lockstep and barrel together now so it is it is scary when you actually go through it and you
00:26:39.040 look at it yeah i wonder uh people using amazon how this is going to affect some of the deliveries
00:26:44.380 is coming through whoa wow yeah you know at the same time yeah um you know you when you use amazon
00:26:51.180 you're sometimes you're buying things from other places like the us so how is that going to affect
00:26:56.540 your delivery will amazon be able to you know for prime members be able to stick to one to two day
00:27:02.540 deliveries uh that'll be an interesting thing to watch i think yeah yeah it's really interesting
00:27:08.140 and you know i wanted to get back because i didn't want to leave it before we ended but
00:27:11.260 But, you know, the Canadian dollar, I don't know if a lot of people know this,
00:27:16.080 has become the most heavily shorted major currency surpassing the Japanese yen.
00:27:22.220 So for years, you know, the shorting of the Japanese yen was almost like a pastime.
00:27:27.140 And it's reached almost $12.5 billion in shorts.
00:27:33.160 So that came out about a week ago.
00:27:35.100 and we were in a meeting and i was reading and i was like well the tsx is like 35 000 or i don't
00:27:42.220 know what it is this morning it was growing at fuzz of friday but you know it's like over 35 000
00:27:47.820 so the tsx is booming yeah quite frankly so but investors you know from forex and from the foreign
00:27:55.740 exchange markets across the world that go 24 7 and i don't know if you've ever played the foreign
00:28:00.700 exchange game you kind of you you you buy against another country so canada versus us australia used
00:28:07.500 to use the us and you try to figure out who's going up and who's going down and you short or
00:28:12.860 you know if you you think they're going down so um they've been bearish against the canadian dollar
00:28:19.180 uh over a lot of concerns including these tariffs so the 50 percent terrace has been the major thing
00:28:26.620 the monetary policy of canada so we're basically keeping our benchmark of 2.25
00:28:34.060 um following a downgrade of our gdp so that didn't help us a lot so that will you know
00:28:40.140 our bank of canada policy that came out um you know and the us dollar uh has been strengthening
00:28:48.060 against the canadian dollar just naturally so three things have actually eroded our
00:28:54.780 confidence as you mentioned in our dollar and now you're having people trade it but the funny thing
00:28:59.980 is their stock market's growing so globally we have some confidence i think you got to take your
00:29:05.580 tip your hat off to the prime minister on that one i think he's kept kind of global confidence in in
00:29:11.660 you know businesses in canada well the americans tinker and and short uh our dollar right well
00:29:19.580 the stock market is being fueled by ai stock right now yeah it's true it's growing in technology
00:29:25.820 stock and because of that um it's a bit of the wild west in terms of that area but
00:29:33.260 it's growing a lot of retirees are enjoying healthy rsp at this time but you know i yeah
00:29:42.940 we'll see what happens you know this is a funny time the bank of canada is holding tight on the
00:29:48.300 interest rate but we'll see how long that can last it is fueling again a stronger real estate market
00:29:55.740 as we've seen especially in southern ontario and so it's a good thing for canadians from that
00:30:03.900 perspective but there's different messages going on so you're hearing negative messages from our
00:30:10.300 big friend in the u.s and at this time but we're also seeing growth on our on our rsps and rifts
00:30:19.720 and other things that people have money into at this time yeah yeah it's it's a very interesting
00:30:25.240 and complicated market right now for sure and i you know i mentioned shorting and for those of you
00:30:30.240 you know technically and i wanted just to make sure uh shorting a currency involves selling it
00:30:35.800 the expectation that his value will decline relative to another currency right so allowing
00:30:40.920 traders to profit from the drop so uh you're betting against the currency currency in essence
00:30:47.560 anticipating that its value will decrease relative to another in a pair and usually like i said it's
00:30:54.040 traded on like forex or you know the different currency exchanges so but uh you know ron it's
00:31:00.360 interesting uh when you look at it uh you know that's an odd one you know how and i you know i
00:31:08.680 would have thought this would have happened more than a year ago um it's been a delayed reaction
00:31:15.160 the decline of our dollar and i think now what we're seeing a little bit to your consumer
00:31:21.080 confidence you know uh thought is people are starting to say okay do i switch out and buy
00:31:27.960 some us currency now do i diversify my portfolio from a currency handling what am i doing right
00:31:34.200 so that's and you're seeing uh you know the exchange as you mentioned you know ai heavy
00:31:40.360 so you're seeing some increased performance but okay so nine days to go and i will come back we're
00:31:45.960 going to do another show right but uh you know not to be doom and gloom and uh you know i hope
00:31:53.800 i hope there's a deal on the horizon um we'll see won't we are you confident or are you still i'm
00:32:02.040 like the average canadian i think not too confident mostly because of the inconsistency the change of
00:32:07.880 message and um you know our friend calling us funny names which i know is just politics yeah
00:32:15.080 and it's a different politics than we've seen before so wait and see we'll do another show
00:32:19.320 as we get closer because i'm sure this week is going to be filled with sound bites so as usual
00:32:25.720 on tpl media we're going to keep trying to dig down and give you all the facts so you can find
00:32:32.200 out what's actually happening read sort of what each of the parties is saying find out what the
00:32:37.880 u.s is saying behind the scenes and of course go to the go to the websites you know the white house
00:32:45.640 websites find out what they're actually promoting and come back to you as viewers and share it with
00:32:51.160 you um for those of you please as i mentioned before mike is on the west coast he's doing some
00:32:57.080 great stuff tplmedia.ca local so as he's going to each of these towns our local websites are opening
00:33:04.840 up check it out you're going to really enjoy it for those of you um and mike please be careful
00:33:11.960 and for those of you wishing mike well and bc well as they're in a state of emergency
00:33:19.080 we pray for you guys and we hope everyone is safe
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