True Patriot Love - Canada’s $500B Bet： Can It Rebuild the Economy？

00:00:00.000 it just goes on and on and this is where as much as you say well i don't care i hate carney blah

00:00:06.080 blah blah think about where we are right now in the history of this country and the threats that

00:00:11.840 were existential threats we're facing a lot of this protects us the other day at the kansas city

00:00:21.920 chiefs game when they beat the broncos in the private box was taylor swift and tom cruise and

00:00:26.560 of course we know tom cruise in many roles including his iconic line show me the money

00:00:32.160 and that's exactly what mark carney was saying to the biggest hedge funds and investment firms in

00:00:36.880 the world show canada the money come spend it here to talk more about it here's our own tom

00:00:42.480 cruise paul micucci oh yeah thank you without the jumping off the roof and a little older yeah yeah

00:00:48.480 so 500 billion wow yeah so you know coming out of it he said you know there's money ready for 500

00:00:55.760 billion you know to get into action uh and he actually started posting the people who are

00:01:01.600 actually interested or animotes that they're interested in putting aside yeah so the the

00:01:07.360 brief that came out on september 15th uh from the federal government i thought was very interesting

00:01:13.120 and you know it got a lot of criticism which i'll talk about in a minute always does right there's

00:01:18.240 always someone who's going to criticize something but you know we'd kind of asked for this and he

00:01:22.400 came out and he named cpp investments right brookfield uh through the maple leaf uh fund

00:01:31.120 for about 50 billion dollars they were going to launch that fund uh for critical infrastructure

00:01:37.040 and strategic industries psp investments uh was going to increase their investment by

00:01:43.680 30 to 40 percent for an additional 25 billion tolling 100 billion bucks and of course the

00:01:50.400 ontario peach teachers fund very wealthy group of people and powerful powerful you know we've

00:01:56.080 we've given our teachers a lot of swag 10 billion and sun life financial always at the table for

00:02:03.600 5 billion then then jim uh the banks ponied up so big time big time so uh td 150 billion scotia

00:02:13.760 $100 billion, BMO $70 billion, CIBC $2 billion, I don't know why so low, and RBC $1.5 billion.

00:02:26.540 And they called out some projects.

00:02:29.120 For example, RBC called out Canadian technology companies with high growth potential, CIBC

00:02:37.260 medium and small defense corps bmo 70 billion for energy and transportation scotia 100 billion

00:02:48.160 for key sectors to drive the growth so very open and then td energy critical minerals resources

00:02:57.420 defense and aerospace so to put this money aside so this money has been earmarked for these programs

00:03:04.340 like banks do to provide loans and funding to move projects forward and you think about the

00:03:10.900 timing of this we are possibly weeks away from the government announcing building a huge aircraft

00:03:17.280 plant in montreal to build sob grip and fighter jets for our own air force and other countries

00:03:22.200 around the world and this would go to build the infrastructure and the facility to manufacture

00:03:26.920 those planes yeah oh of course and and you know now we uh the u.s like we talked about on the show

00:03:33.540 they've increased their interest rate so worse than the central bank you know and this is not

00:03:40.000 the only interest rate hike in the states apparently over the next few months no there's

00:03:44.360 going to be more yeah to the chagrin of trump right you know he was just livid um they've gone

00:03:50.240 up so they're they're going back up again you know you've had other countries like japan and

00:03:55.300 uk similar thing we've stayed steady um and on top of that we came up with a mega productivity

00:04:02.120 tax deduction uh that's now dropped our effective rate for people investing in capital on certain

00:04:09.700 categories yes it's quite broad to roughly six percent uh it's gone from 13 to 6.4 percent

00:04:16.900 and their productivity mega deduction will cover fiber optic cable mining properties oil and gas

00:04:25.180 pipelines software research and development computer equipment aircraft and vehicles

00:04:31.180 uh patents which i thought was interesting rail track bridges and roads so on multiple shows and

00:04:38.660 you've had multiple experts on paul talking about the need to improve the infrastructure of this

00:04:43.740 country oh yeah so now they've taken this summit the capital from the banks and with a massive tax

00:04:50.040 deduction if you invest the money in these infrastructure projects well think about you

00:04:54.780 if you it's actually very interesting because we were asking this question on a previous show we

00:04:59.500 did a round table with mike and we're like hey you know where's the money coming from where are you

00:05:05.100 going to put it yeah so now we know this is a good part and this is very good again i wish we would

00:05:10.780 have you know this is what i always say to jim i wish we would have kind of had this discussion

00:05:16.220 before but that's fine it came out right at the end of the summit um but you know now we know

00:05:22.700 where there's earmarked money available and so how does it now get attached to projects so that's the

00:05:29.420 next thing and is the government going to pony up any money to start these projects so is there any

00:05:36.860 seed money from the government the federal government that will actually go into these

00:05:40.460 projects alongside these banks and you know if you think about it it's interesting because

00:05:46.060 you know i just talked about interest rates i just talked about tax deductions i just talked

00:05:50.220 about all those things jim but if you're sitting in the group that i just read off that's basically

00:05:55.420 committed 500 billion dollars they almost have to and when i when i say that they you know they can

00:06:03.580 always make their discretionary dollars go anywhere they want but they're here in canada like the

00:06:08.460 banks are fully committed they're fully in right this is their they have international banking uh

00:06:14.460 you know in other places like the us but quite frankly canada has to work right because all

00:06:19.900 their mortgages loans the majority of them actually take place here so they've got and

00:06:24.220 they don't want them to fail they've got to double down and make this work yeah so so i think this is

00:06:29.500 a good news you know this is really good news um that all these partners have stepped up come to

00:06:36.220 the table and have ponied up for half of the trillion dollars so now it does show a good

00:06:42.300 message to outside investors right you're going to be investing alongside you know banking partners

00:06:49.020 and local fund partners at a very very low uh interest rate who who are going to be quite

00:06:54.860 frankly looking after your investment so if you come from you know i don't know uh china or you

00:07:00.700 come from norway or you come from germany you know you don't know the culture but if you're putting

00:07:06.780 your money alongside scotia capital you can have a little bit of comfort or confidence that quite

00:07:13.020 frankly the due diligence is being done the costs are being spent appropriately the audits are

00:07:18.140 happening so all those things are happening in canada for the most part i know we're always

00:07:23.340 you know uh we always wonder sometimes but for the most part when you travel around the world canada

00:07:30.460 um is a secure safe you know it has uh policies procedures regulations guard rail education

00:07:38.060 system healthcare so there's some real big positives here and and now we're a low let's

00:07:43.820 call it we're on the low end of the tax spectrum yes at a very reasonable funding rate it's the

00:07:51.420 lowest major economy tax rate in the world and less than half of that i don't think that was by

00:07:57.980 accident of the usa the 6.4 for the mega projects and yeah and the list actually harkens back to

00:08:06.460 shows and topics on the pillars of the channel over the last six months and um fiber optic cable

00:08:14.860 mine okay mining property big talk about that so now you'd have foreign investment canadian

00:08:20.300 bank investment and provincial and federal government money all working together the

00:08:25.340 churchill port system revitalizing it the pipeline the extra pipeline to bc to ship the pacific rim

00:08:32.860 So all these things that everyone's been talking about to Haviland's talking about ramping up the amount of water bombers they make for Canada around the world.

00:08:41.320 They have now capital to do that.

00:08:43.780 I mean, it just goes on and on.

00:08:45.940 And this is where as much as you say, well, I don't care.

00:08:49.760 I hate Carney, blah, blah, blah.

00:08:51.780 Think about where we are right now in the history of this country and the threats that were existential threats we're facing.

00:08:58.540 A lot of this protects us.

00:09:00.640 Yeah.

00:09:00.900 Oh, it does.

00:09:01.460 I totally agree.

00:09:02.640 it it does protect us it's a it's a good start the challenge right so is you know that what i

00:09:09.520 mentioned earlier so he's got to now come out and say okay where's the federal money going to go

00:09:13.760 where is he going to double down because they'll have to put some in well they'll have to put some

00:09:17.440 in and to expedite so where is the critical you know the 27 major projects he's going to have to

00:09:23.040 now prioritize them to get some of them to move faster right because everyone wants their hand

00:09:27.280 saying me first exactly but but also also um you know we were talking about it when we came in

00:09:34.000 there's industries that have been really affected auto steel um lumber all those industries

00:09:42.320 i i they're not coming back they're not coming back in the shape or form that they currently are

00:09:47.200 in so whether you know whether you transition to like you said armored cars or different types of

00:09:54.000 vehicles or whether you bring different auto manufacturers in there it the industry is going

00:09:58.880 to be different for some but i think steel now think about steel a canadian steel used in the

00:10:06.560 structure and infrastructure for a mining property an oil and gas pipeline for the aircraft and

00:10:13.680 vehicle development that's going to be happening they all use steel uh they're talking about rail

00:10:18.480 track bridges all use steel frames so i think this is where um that that will help the steel industry

00:10:25.480 of canada i do agree with you the auto industry is at a real tipping point in this country yes and

00:10:31.600 they have to look at how can we transition if the stalantis plant that built chryser vehicles for

00:10:37.240 years in brampton looks in peril and rochelle the armored car company in mississauga brampton's

00:10:43.900 looking to buy it to build more armored cars for canada around the world at least there's job

00:10:48.420 there at least there's production at least it's something i agree you know and it's interesting

00:10:52.980 because i learned this from a guy years ago jim and one of the things i'm going to come back to

00:10:56.900 steel for a minute because i want to you know there's there's so many different types of steel

00:11:02.180 right exactly so and we don't make them all no what we're going to have to do a little bit is

00:11:07.220 again that's kind of the transition we're going to have to make is adapt adapt right so we're going

00:11:12.020 to have to actually uh create uh plants and make uh whether it's different types of rolled steel

00:11:19.380 different types of flat steel whatever it is we have to figure out how to make it if we're not

00:11:24.580 making it now we are we do have the capability and we are strong on that sector so you know

00:11:30.180 adapting and kind of retooling those absolutely lines is definitely something we need to do but

00:11:35.140 we can get there right the nice part is and that's where the priority so that's what i'm when i'm

00:11:39.780 speaking to it i think he's got to sit down and say okay here's my major projects here's what i

00:11:44.740 need to get them done here's where some of this money needs to go to get these plants to get that

00:11:50.500 steel to get that lumber if we don't have it to get it kind of retooled to get there

00:11:55.380 and those are good good investments right now they're but it is a really strategic you know

00:12:00.580 the interesting part is a tricky one because there's a huge um you know the money's there

00:12:06.740 so we're half of the money's there hopefully the rest of the money comes in public opinion is there

00:12:12.100 public opinion the will is there so now you have to match up the resources with the people

00:12:18.100 to make it all happen and i'll throw one other thing i get paul he has to almost

00:12:23.940 keep a lot of the premiers at arm's length because they're all going to be clamoring yeah

00:12:28.420 me first i i want front of the line and he'll have to look at it in a cold-hearted business

00:12:33.700 standpoint what is best for the entire country not just what is best for doug ford or david eb or

00:12:41.860 whatever he has to look what is best for the entire country and then pick and choose the top

00:12:47.140 and if it happens to be in alberta or quebec or new brunswick so be it well i agree jim but those

00:12:54.340 so it's interesting when you say that those decisions that he's going to make have huge

00:12:59.460 implications on canadians and it's yeah you know we've talked about it on previous shows canadians

00:13:04.740 don't like to migrate within canada so it's you know we are not uh if we're born in a province

00:13:10.900 we usually die in a province that's kind of who we are air force brad here i've bounced for provinces

00:13:16.820 well and you know my back yeah yeah so i've traveled most of my life so yeah but for the

00:13:20.900 most part if i like i'm the only one out of my whole family you know very large family my my

00:13:26.980 father and my mother had and quite frankly i'm the only one who actually did that everyone else kind

00:13:32.820 of stayed in the same place you know kind of lived in the same place we're in a new environment now

00:13:38.500 and i was i was having this conversation uh with my son the other night i said you know it's a it's

00:13:43.620 a new world now so very much like you see in other countries like the u.s or like in parts of europe

00:13:51.220 you have to go where the work is so you're going to have to be moving right now where work is so

00:13:56.100 and it is i will say this it's slowly starting to take place because there has been pretty

00:14:01.060 significant inter-provincial migration to alberta to parts of bc to where there are a need for

00:14:08.340 people and in it's it's the jobs but also quite frankly a lot of these young people moving paul

00:14:14.660 are looking at actually it's more affordable to live in these other pockets of the country

00:14:18.900 exactly and i can get somewhere to live well you know remember the oil boom when yeah when everyone

00:14:24.580 you know atlantic canada emptied out it did i lived there at the time yeah and you know if

00:14:29.300 you were a male you were like uh you know one went right to the patch yeah well you did but

00:14:35.700 the remaining males you know they there weren't many right so you'd walk down the streets and

00:14:40.660 you'd see you know five to one women to men well okay in the early 80s when i lived there paul

00:14:45.780 the nova scotia maritime economy was nothing like it is now yes it was rough and so you had choices

00:14:53.860 the military the patch leave the province yes you know you had certain industries if you didn't want

00:15:00.660 to do that you had to go somewhere fortunately a lot of these provinces have evolved over the

00:15:05.380 last 40 years and they have more industry more options for people and more places to go but and

00:15:12.100 that's a good thing because and that's going back to the other show we talked about with the ai

00:15:16.580 center in saskatchewan instead of your young person saskatchewan saying i don't want to work

00:15:21.220 on a potash mine or a farm now maybe you can work in an ai in digital information yes yeah

00:15:27.620 no no it gives you options but you have to be flexible yes i agree now then the next thing is

00:15:32.740 we will have to make sure so resources we talked about is retooling the plants to make sure we can

00:15:37.540 make yep you know it's one thing we and we do this you know i love sometimes canadians the way we kind

00:15:43.700 of will say well we're resource rich yeah we are right it's in the ground we got to get it out of

00:15:51.780 the ground we got to get it right so so we got to figure out okay here's the major projects now we

00:15:57.380 have money allocated how do we get how do we get retooled to get the plants and the manufacturing

00:16:03.620 and everything moving uh to to get whatever we need to do out of the ground to start getting it 0.99

00:16:09.620 built how do we train the people to do it because is with an old aging population we have to really

00:16:16.180 rally up to figure it and that's why i think the prioritization of these projects is is really

00:16:20.820 important now because you know you you don't match the workforce well what you don't want to do is

00:16:25.860 you don't want to have a dispersion of all these people all over the place right and then all of

00:16:30.340 a sudden you start all these projects and in the middle of it you can't afford you don't have

00:16:35.860 enough people to do them so then they start to fail because quite frankly even the labor rate

00:16:41.060 goes too high that they become unsustainable but i think this is where i honestly think the

00:16:46.020 government's looking at targeted immigration for these projects right if they're going to need a

00:16:51.220 specialized welder or a specialized tool and dye person and they can't find enough in their part of

00:16:56.660 canada they'll have no choice but to go to other parts of the world and get them agreed but that

00:17:01.140 you know again expensive and tough to find now because as you're finding all these skilled trade

00:17:06.420 people going away so it's it's really figuring that out and getting programs in place incentivizing

00:17:11.860 people giving them the options right to go to different places um and quite frankly looking

00:17:18.660 at who can do different jobs because you know i always you know again i explain this to people all

00:17:24.820 the time and and you know when i watch the shows and i watch these talking heads come up and

00:17:29.380 sometimes it does get me it drives me crazy i must admit i'll tell you this straight up it drives me

00:17:35.060 crazy because i know a lot of them have never done a day's work in their life because i can listen to

00:17:39.700 them so when i listen to you know a lobbyist come on that you know those the screens come up and

00:17:44.820 there's eight people and they're all giving an opinion i think have you ever worked in a factory

00:17:49.140 have you ever like done labor for more than like a day you know what i mean because quite frankly

00:17:55.140 that's not really the way the world works no so i'm looking at him going okay interesting

00:18:00.180 conversation but i know all eight of you have never done any labor so quite frankly i'm not

00:18:06.260 giving you a lot of uh credibility at this point for your opinion your opinion might be politically

00:18:11.540 driven but quite frankly now now the money's in place right yeah the money's in place the

00:18:18.180 projects are in place the politics really isn't it's critical and what i mean not as critical

00:18:24.340 the strategy is more critical so the strategy on how you line up the money with the projects to me

00:18:31.020 jim is where the rubber really hits the road and if he's going to be a success now it's finding

00:18:36.880 those people who aren't the eight talking heads on the tv it's the guy who's actually run a half

00:18:43.580 a billion dollar project and knows how to logistically match and train and all the

00:18:49.200 challenges and you know i i mentioned you at a young age my first project i ever did in my late

00:18:55.500 20s was 550 million dollars that's a big deal it was a big project it's scary as heck and i really

00:19:04.100 wasn't prepared for it at the time i was thrown into it a long story but you know what i learned

00:19:09.580 so much uh on project management and people and labor forces and how to manage like thousands of

00:19:16.780 people on a work site and you know if you haven't done that it's not it's a you're going to have to

00:19:22.420 go around Canada and you're going to have to headhunt people who can actually spearhead those

00:19:28.780 projects for you to go find those people to get those people into play and that's going to be the

00:19:34.600 challenge now and you know that's what if I was if I was them you know this is the federal government

00:19:39.960 right now jim that's where i'd be really spending my time is i would have a a group uh a federal

00:19:47.160 task force going out now and saying okay i have 500 billion dollars uh allocated here's my top 10

00:19:56.040 you know in order and quite frankly i need to find my best of the best to run this project

00:20:02.360 my best of the best and find them in canada and figure them out you know how you can help do that

00:20:07.000 my father was in the military and every time they moved if you're a government employee you got

00:20:11.240 something called a moving allowance yes and if the government realizes that you are leaving

00:20:17.160 ontario to move to northern alberta or newfoundland or you get a moving allowance from the government

00:20:23.800 to do that to get out there now if you're saying well i don't know and you know you're going to get

00:20:28.600 a moving allowance of a certain figure to leave your place and go a significant distance to

00:20:34.440 relocate for work for a major project that's going to benefit country then you should get

00:20:39.240 some kind of moving allowance and i think that helps helps people well yeah i think i've told

00:20:43.880 you this uh you know not on the show but behind the scenes i have a bunch of friends in construction

00:20:49.640 right now they're getting enticed to go to the u.s right and they're big projects yeah they're

00:20:55.480 getting enticed to go for big projects quite frankly for huge um trucks housing allowances

00:21:02.440 is school allowance free health like the the packages they're getting right now kind of tough

00:21:08.800 to turn down isn't it yeah in U.S. dollars right so you know they're looking at and some of them

00:21:13.840 are going some of them are sticking it out yeah but you know I'm having that conversation more

00:21:18.020 and more now and it's interesting because all of them have um you know uh like myself um they have

00:21:24.860 around a billion dollars of construction experience under their belt and so they're all looking at it

00:21:30.500 saying okay you know I can make this much money over this many years we got to get in that game

00:21:35.560 big we got to get in that game so when when these companies find a company who really wants to do

00:21:41.000 the project we can say okay we do have the skill set here some of them will have their that within

00:21:47.000 their companies but more and more as these companies uh look for projects around the world

00:21:52.580 they struggle to find people right people who have large project management skill sets right

00:21:58.640 Well, okay, and let's be real too, Paul.

00:22:01.720 You need a certain mindset as an individual

00:22:04.220 that you're leaving suburban Montreal, Toronto, Calgary, Vancouver

00:22:09.340 to go to Fort McMurray and Churchill, Manitoba.

00:22:13.100 And, you know, the Ring of Fire,

00:22:16.660 which is north of Sault Ste. Marie, Ontario,

00:22:19.300 that's pretty remote communities that you're going to.

00:22:22.140 And you're a long way from going to an NHL game or a concert

00:22:25.560 or, you know, enjoying the, you know, like the average things

00:22:29.540 a lot of people take for granted in Canada for the sake of making money.

00:22:33.440 Now, you hear a lot of stories of people that will gather some buddies,

00:22:37.240 take the job, rent a place, still have their home base

00:22:40.060 in Montreal, Vancouver, Toronto, wherever,

00:22:42.640 and they just fly back and forth.

00:22:44.460 And that's also a reality as well.

00:22:47.160 Yeah, it is.

00:22:47.740 Well, you know, they're used to it.

00:22:49.500 But, you know, this is where, like I mentioned,

00:22:53.680 this is where the rubber hits the road, right?

00:22:55.480 so as we're getting on next steps and i think quite frankly you know good on them i think you

00:23:01.560 got to think you know we're credit credit is due now monday right he's going to be going back and

00:23:08.840 you know they're seated again you mentioned this yes they back in the house of commons on the 21st

00:23:13.800 the conservatives were in bc they had uh you know a caucus meeting they're trying to re-strategize

00:23:19.240 they're very quiet you know uh pierre pauliev kind of crept in crept out he left without actually

00:23:26.280 talking to the media you know very quietly there's a lot for good reason because he's a dead man

00:23:32.200 walking well whether he is or not i don't know politically yeah but you know he's but he's you

00:23:39.080 know going to be coming out with a strategy it's going to be interesting to see on monday

00:23:43.720 what the conversation is because you know i i was a little shocked when the 15th the end of the day

00:23:50.200 came and the press release came out and they just came out and they started to say you know here's

00:23:54.440 who we have lined up here's the project so and they they itemized everything good on them good

00:24:00.120 on you know good on uh the liberal federal government i i think that was a good move on

00:24:04.440 their part so now it's falls over to him you know you get on board you criticize what's your next

00:24:10.360 step because quite frankly i don't know i don't know if you have a next step i don't know it might

00:24:15.240 just to be quiet and say okay good luck if you know if i can help okay but the the old school

00:24:21.960 conservatives the ones that were in power for years the stephen harper's and the jason kennedy's

00:24:28.040 and others they're going in in public either by speeches or social media supporting a lot of these

00:24:34.360 initiatives where a lot of polyist people like the the wackadoodle jamal javani who basically

00:24:40.120 praises everything american everything coming out of the trump white house and criticizes

00:24:45.560 everything canadian and right now in our country that doesn't fly yeah it's okay to criticize but

00:24:52.280 then at the same time go on and on and praise everything trump does how that's killing poly

00:24:59.160 evident conservatives it is and there's they put themselves in bed with all these influencers

00:25:04.280 who go out of their way to mock everything Canadian

00:25:07.040 and praise everything American.

00:25:09.260 No, no, not a good move, right?

00:25:10.600 It's not a good move.

00:25:11.300 The alignment isn't good.

00:25:12.160 I totally agree with you.

00:25:13.420 Just one thing to keep in mind, though, right?

00:25:16.180 So, and I always, you know, and I'm not being critical.

00:25:19.780 I'm just kind of being realistic.

00:25:21.880 The people you see on stage, you know,

00:25:24.020 after they get out of politics, they go on boards.

00:25:26.940 Oh, absolutely.

00:25:27.700 They sit in law firms and they do all this other work.

00:25:30.580 They have to make a living, right?

00:25:31.760 so you know um you know not that they don't make good money in politics they make a lot more doing

00:25:38.320 that yeah but they make a lot more money after politics you know being a consultant for a major

00:25:44.480 law firm or something so their political affiliate and i think sometimes people get confused whether

00:25:49.840 it's in america or canada your political affiliation probably changes and i don't i don't mean you flip

00:25:57.360 from liberal to conservative or conservative to liberal i just mean you know you probably you

00:26:02.320 temper your approach you have to deal with both parties you might you might be a conservative

00:26:07.280 leader who quite frankly ends up working for a primary liberal law firm therefore quite frankly

00:26:12.880 when you present things and everything you're asked by your employer to actually present things

00:26:17.360 you know down the line not biased so you know your approach changes so what we're seeing a little bit

00:26:23.600 is you know it's good business for these people also to be aligned in the middle so you're going

00:26:29.760 to see more of these people i don't read too much into it jim i know you know you see it on tv you

00:26:35.680 know they're standing up they're giving a speech yeah i get it you know and i give a little bit you

00:26:40.560 know i appreciate what they're doing and quite frankly i understand it but but i also realize

00:26:45.600 they're making a living too and quite frankly they're doing what's best for them and it is what

00:26:51.120 it is so yeah keep with a grain of salt i do agree with you though quite frankly you know i hope when

00:26:58.400 they actually went to bc they had their you know resort uh conference a few days they actually the

00:27:06.640 conservative party sat down and actually figured out a strategy that gets them more in line with

00:27:12.960 where canada is going they have to yeah they have to because the messaging is the messaging going in

00:27:18.400 was really offside and quite frankly wasn't resonating um so if they're gonna you know

00:27:24.800 get any traction going forward they need to figure out where they sit in the whole mix because they

00:27:30.080 did it with great success when everyone hated trudeau at towards end of his term and trump was

00:27:36.000 not president yes but everything has changed now and is continuing to change on a month-by-month

00:27:41.520 basis remember you know it's interesting and i kind of uh was having a conversation with a friend

00:27:46.240 of mine remember the end of obama yeah yeah what was the the achilles heel to obama was a lot of

00:27:52.560 things but quite frankly one of the things that americans got sick of was the banter the he was a

00:27:58.480 great orator but the problem was it became like a motivational speech one after another right and

00:28:05.360 after a while people are like i don't want to hear this anymore right so they they tuned out at the

00:28:10.640 end they tuned out and i think what's happening if pierre polyeth gets up and wants to do this kind

00:28:15.440 of uh cute kind of critical pithy sarcastic speech again every you know every night we get home and

00:28:24.960 we watch it on the news i think people are like okay enough already we don't you know make your

00:28:30.160 comment you know make it a good comment try to make it helpful you know i think they've already

00:28:35.680 tuned out i mean i mean i don't know how much more they can tune out if you if you look at just basic

00:28:40.960 public opinion basic pub public sentiment if he has any hope of salvaging his political career

00:28:47.760 or being the leader of the conservatives he has to have a completely different tact than he's had

00:28:52.080 the last year because right now canadians feel like he's not supporting the country

00:28:56.800 whether it's right or wrong that's what public opinion is that's how people feel and especially

00:29:01.760 when he gets in bed with all these influencers who go out of the way to say bad things about

00:29:07.360 the country and criticize everything about the country yeah no i'm with you you know they're

00:29:12.720 again challenge as i mentioned for the liberal party you know good on them they have uh interesting

00:29:22.240 times ahead allocating though this capital that they've actually uh gone out and put together

00:29:30.240 and putting it into the project to make them work so that's where i think

00:29:33.760 as if i'm in the opposition seat right now i'm sitting looking at it jim and i'm saying

00:29:38.240 okay good you know you have it you've got the ball now you've got majority you've got the funds

00:29:43.840 let's see if you can execute it the only thing that basically carney's given him an opening

00:29:49.040 is he said we will go to the house of commons debate our alliance with the eu and have a vote

00:29:55.760 okay so that's open game but a lot of these projects to for the canadian economy and for

00:30:02.000 the good of the country in the next 12 months he has to be careful how he coaches his words

00:30:06.720 and how he criticizes and i 100 agree the stunts and the uh the sound bites that that that won't

00:30:13.440 fly right no no i you know advice leave that at home and quite frankly yeah you have an opportunity

00:30:20.560 to support if quite frankly and i hope you know for canada's sake we can align the resources to

00:30:27.520 get the projects moving because that's you know the all the balls are lined up now so the you know

00:30:33.040 now can it be executed that's where we're gonna have to wait yeah and i know um cbc

00:30:40.160 during the conference they spoke to annette mossman a dutch woman and she heads it's called

00:30:44.960 all um pension group it's basically all the major pensions in europe and it's worth a trillion

00:30:50.560 dollars canadian and she's quite bullish but the one thing she cautioned is now my people have to

00:30:56.560 review um ai deals energy pipelines renewable energy uh airports and where is our best bet

00:31:05.840 to allocate the money so it was almost like planting the seeds with all these incredibly

00:31:10.960 powerful wealthy people of industry and saying okay i'm going to put it here with td and that

00:31:16.960 i'm going to go to that kind of thing and then so maybe just maybe in the next two to six months

00:31:23.280 a lot of these big deals are announced because they've had time to review it and pick which ones

00:31:27.760 they want to be get in bed with yeah and then find the resources to execute to get it built

00:31:33.440 to get it done on time to get it out there then we've seen growth productivity and that's what

00:31:41.360 the country needs right now but but that's the next i guess jim that's where i'm saying yeah

00:31:45.440 that's not going to happen anymore in ottawa that's going to actually start to happen and

00:31:50.160 that's where the real challenge becomes well he's basically the audible work is done now it's in the

00:31:55.120 hands of all the major financial institutions in the world right now it's in their hands

00:32:00.640 and that's where the measure of successful absolutely yeah thanks paul

True Patriot Love - September 22, 2026

Canada’s $500B Bet： Can It Rebuild the Economy？

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