00:07:12.300but you think that that would be still not enough
00:07:16.440to make it more expensive than its source province.0.58
00:07:19.920yeah that to me is just ridiculous i mean you're factoring in this to me feels like a scam in a
00:07:28.640lot of ways i get it it has to come here yeah but the cost by the time it gets here it's obviously
00:07:34.560marked up in ontario not just the processing and shipping but there's a mark up there that albertans
00:07:40.720probably didn't bargain for yeah i was shocked but we were out and remember that was the
00:07:46.320interesting thing our trip out to calgary and when we were eating in restaurants it was the same
00:07:53.040price it was yeah so we were going to steak houses we were having you know great barbecue
00:07:58.320it was the same or more than we would pay in toronto so we weren't finding any incremental
00:08:03.840difference in food costs from a restaurant perspective so obviously the restaurants
00:08:08.080weren't passing down any savings they were getting if they and they're not but it doesn't i don't
00:08:12.640don't think they are anything so they were eating the two dollar extra kilogram and charging market
00:08:18.480rate what you'd pay in any major city in canada you know it's interesting that you say this is
00:08:24.320uh albertans you're right i don't hear this from them we hear it about oil and gas and frankly the
00:08:29.080last time i was in calgary about less than a month ago gas was almost the same price that it was in
00:08:35.060any other province and i was shocked i thought to myself wow that's that's remarkable i get it now
00:08:40.400now in albertans complain i'm starting to get it i know me too well you know it's funny because we
00:08:45.420did that show where we went through across the nation and we looked at uh the price per liter
00:08:50.440of gas remember and we went to the middle east and we're like you guys corrected me on the show
00:08:54.380which i was astonished i was so wrong you guys like it's six cents a liter and stuff and i'm
00:08:58.880like six cents you guys are crazy i was at like 80 cents and you're like no it's six and i'm like
00:09:03.740and you were right and when i when we dug into it and i was like oh that's crazy you know you come
00:09:08.540to the west coast of canada same price we're paying everywhere else so food's just one of
00:09:14.220those markers that there's no benefit to being any particular place in canada real estate's really the
00:09:18.840last passion for that and even it's not making that big a difference now yeah well and so the
00:09:23.960interesting when we dug into it a little further then we dig into it a little further and what do
00:09:29.080we find food inflation in canada is actually the highest in the g7 so we are one of the lowest
00:09:36.620producing countries in the g7 our gdp is garbage and our food inflation is the highest in the g7
00:09:42.620yeah so you know if you look at it we've seen basically in grocery stores year over year we've
00:09:50.460seen a 4.3 increase so the highest again the highest food inflation amongst the g7 countries
00:09:58.060and then you look at things like that are going up astronomically and and i don't need a lot of
00:10:02.460these quite frankly uh because the diet i'm on but i was shocked tomatoes how tomatoes have gone up
00:10:08.300like 45 percent carrots i do know it's actually up almost 17 percent uh grapes i don't i don't
00:10:15.900know about you do you ever have i pass grapes in the grocery store i don't even look at it they're
00:10:20.460not even on the list anymore no it's just because i'm afraid to put them on the scale
00:10:26.620cherries and grapes i tell you grocery guys here's here's a secret for all those people in the
00:10:31.260grocery business you got to find a better way to do that because quite frankly i don't even let my
00:10:35.580kids throw them in the bat in the cart anymore because if they do and i get there and i actually
00:10:40.540put like it on the scale and then he says 14 yeah yeah 14 it's like 23 now it's like it's like buying
00:10:47.100almonds you almost you almost pass out when you buy a bag of almonds now i noticed on the weekend
00:10:51.820uh bananas were outrageous like we literally we i think that ow and i am part simian paul i need
00:10:58.780my bananas up up 12 but you know remember the 99 cent uh banana days like you would buy bananas for
00:11:07.100your kids we used to my mother chris i remember since being a kid she used to load up the cart
00:11:11.900with bananas because it has potassium yeah and some you know and some good uh vitamins for you
00:11:17.500and it'll fill you up yeah and mom they're 99 they're 99 cents that's why you're buying them
00:11:21.980right yeah mom doesn't have that option now yeah make a salad up 10 right so you know which i do
00:11:29.320notice all your lettuces now are ridiculous boston lettuce at six dollars a head is insane
00:11:36.020canned salmon is on the list here yeah canned meats have been a standby in this country
00:11:44.880for senior citizens for people on low budgets yeah for people who need to extend their dollars
00:11:50.600To see a rise of 14, almost 14.5% in one year, Paul, that's unmanageable for seniors, for people on a budget, for students, for people who need this kind of protein in their diet.
00:12:05.680And the oils and all the nutrients that come from salmon, it's a good filler in people's diet that we're letting it rise, that we're letting carrots go up almost 17%.
00:13:25.280So we have the highest food inflation in the G7.
00:13:28.400And one of the causes, you know, when they dig into it, that the universities and all the experts come up with are interprovincial trade bearers.
00:13:36.240But remember a couple of months ago when we see all these premier meetings and all these premiers were sitting around,
00:13:41.020and they were doing kind of the Donald Trump thing
00:19:07.240I'll use Thailand as an example. Great place to go and visit. We love Thailand.
00:19:12.18070% of what we ship there, our wheat, our soybeans, our peas, is processed in Thailand and then re-exported in global markets, sometimes back to ourselves.
00:19:24.580In effect, we're spending hundreds of millions of dollars to send our food elsewhere for processing that could be done at home.
00:19:31.040So to help Canadian businesses grow, produce, and process more food in Canada, we're launching another $1 billion fund through Farm Credit Canada.
00:19:42.440We'll also establish a $150 million food security fund to support small and medium-sized businesses in upgrading the critical equipment so that they can make more, store more, and bring more Canadian food to market.
00:20:01.040We'll establish and create a $100 million collaborative food innovation fund
00:20:06.960to help producers expand processing so more of each crop is used here
00:20:13.840because we have the talent and the resources, and now we're going to build the capacity.
00:20:21.820The third pillar is to grow more produce all year round.
00:20:27.400That's going to cost some money for the capital investment,
00:20:30.220So we're investing $750 million in greenhouses and hydroponics to dramatically expand Canada's capacity to produce fresh fruit and vegetables year-round.
00:20:44.040This includes a $100 million investment to help northern and rural communities produce more food locally via small-scale indoor farms and basically reducing their dependence on shipments from thousands of kilometers away.
00:21:00.220And finally, we'll look to lower costs by cutting red tape across the agricultural supply chain.
00:21:10.220Because right now, and this is a highly innovative sector, right now farmers and producers often wait years for approvals, for new pesticides, for fertilizers, seeds and feed that they need to grow and produce food efficiently.
00:21:26.440So to build the food system that Canadians deserve, we need to get out of our own way.
00:21:33.960We'll modernize key regulations so that food security and affordability are considered alongside of safety.
00:21:41.580We'll speed up approvals for seeds, feeds, fertilizers, veterinary products, and reduce backlogs that slow down the system.
00:21:49.100But once again, you know, the prime minister stands up there with all these leaders in the food industry and a bunch of ministers,
00:21:54.260and they say, okay, we've got this plan.
00:22:16.140but $3 billion is all we're putting to create a national fix.
00:22:20.320it seems like there might be room in there for us to actually take care of ourselves a little
00:22:25.860better oh yeah well we just hit on it right processing hubs yeah like right off the top
00:22:31.460of the show we're joking around about canada not joking we're lamenting about canada day
00:22:36.680and the cost of barbecuing our canada day dinners is was insane this year yeah i know i looked at my
00:22:42.860bills i'd my wife's birthday the weekend before and then i had canada day um and a couple other
00:22:48.560things going on i'm like holy cow already this summer my food bills have been off the hook
00:22:53.840because of the parties i'm having and the barbecues and everything going on have you noticed
00:22:57.960in your neighborhood less barbecue smell than ever before i have none so honestly i'm the only
00:23:03.200one barbecuing this year i don't see anyone there's uh on my block there's 20 homes on my
00:23:08.840side of the street there's only one other group but yeah there's a young couple that do a lot of
00:23:14.260outdoor sports stuff i noticed they do things but other than that it's like a ghost town down in my
00:23:19.820backyards this year yeah i noticed uh all of my you know i could smell what my neighbor was
00:23:25.580yeah easily my neighbors i i would be out in the yard hungry yeah it's just not happening anymore
00:23:32.760and barbecuing last night one of my neighbors said i don't know what you were barbecuing but
00:23:37.920it sure smelled good i don't remember anybody commenting on other people's barbecues before
00:23:42.300but it's a luxury to us now who thought that a barbecue would be a luxury yeah oh i know well
00:23:49.360we never did right it was just part of our cult sunday sunday everyone came over you came back
00:23:54.100home you know to see your family we had a big cookout at the backyard it's diminishing all
00:23:58.720that food prices are diminishing us getting together because i don't know if you charge
00:24:03.100a ticket price when the family comes over for steak i certainly don't i eat that price yeah
00:24:08.520but people aren't taking that risk anymore i don't think they don't want to well it's funny you know
00:24:13.080it's interesting because i went to get ready uh for uh the birthday and i went into the grocer
00:24:21.480and i know the butcher quite well and i said to him what do you got today and he said i said i'm
00:24:25.160having a party i need a bunch buy a bunch of steaks he said how many you mean i said well i
00:24:29.880need about eight or nine you know because a lot of them don't eat meat so quite frankly you know
00:24:35.640that's for i can slice it up and i intermix it with the other parts of the meal and i barbecued
00:24:40.520like for four hours that day um so you know he said to me he said then you got to go australian
00:24:46.680why and we started laughing and i'm sitting there and i'm thinking to myself i said so i don't buy
00:24:53.080canadian beef and he says oh he said no one would buy canadian beef you buy you buy australian number
00:24:58.920one it's better and he said it's because it's mostly grass-fed he said it's produced uh an open
00:25:05.560fields right and he says production cost and he says uh to get it to uh to market is a lot lower
00:25:13.320and i said it's a lot lower to do cattle raising in australia he says yeah he says the feed cost
00:25:20.600is lower he says the grazing cost he says the dollar exchange the currency exchange is better
00:25:27.240he says uh the the australians export more so they're basically more aggressive on the market
00:25:34.760they uh they do volume pricing in australia oh so they don't have separate so they don't have set
00:25:41.160prices they don't have all the crazy uh food safety carbon issues that we have because you
00:25:47.320know cattle farming has some issues safety wise for the environment right sure yeah they don't
00:25:52.360have all those safety environment regulations um and i'm like okay and then the other one which
00:25:58.520was interesting he said you know in canada all our fuel and and uh logistics costs are much higher
00:26:05.320yeah because we so i said they're going to put it on a boat i guess or a container they're going to
00:26:10.920ship it they have a great trade deal of apparently with canada when they arrive with it right they're
00:26:16.920going to take it off and they're going to beat us into market on costing for beef he says yeah
00:26:22.840yeah. And he says, and taste it. It's amazing. I said, so we are the second largest country in
00:26:28.980the world. All we have is grazing fields everywhere I can see, but yet we're not
00:26:34.920raising cattle to go to market at a cheaper price. It's arriving, that Australian beef
00:26:41.580is arriving processed to market. Right. So, so yeah, exactly. Exactly. So that's one of the
00:26:47.600things actually in the plan in the security strategy the food security strategy of the
00:26:53.720federal government they're saying let's create um better processing yeah they want capabilities
00:27:00.780which you're processing logistic yeah logistics once again three billion dollars won't get you
00:27:06.700much and unfortunately it sounds like a big number but it won't spread across a lot right
00:27:11.000i don't believe it's it's once again i'm not the accountant on this i find this interesting you
00:27:17.060gave me a cool list thanks christoph and paul for doing this uh by the way i'll just put this out
00:27:23.380there when you talk about the the getting to market this i found shocking uh halifax food
00:27:29.500company reportedly took four weeks to obtain approval in 41 u.s states for their product
00:27:34.500yeah it took them 15 to 20 months to attain approval across canada and canada is reportedly
00:27:40.700importing millions of kilograms of chicken from the u.s just to meet the processing demand as
00:27:46.880pointed out we had a shortage in chicken yeah well it's interesting so uh i've done a show on this
00:27:53.280before we haven't done much on it we talked about doing a lot of it even packaging by province is
00:28:01.280different so if you bring a product into canada or if you bring a product across canada you have
00:28:06.800to package it differently in every single province and you have to meet different requirements for
00:28:13.040that product so even the logistics of packaging your product throughout canada is different by
00:28:19.600province so for example you know you have to have uh in in quebec you know you have to have in french
00:28:25.840you might have to actually have another safety disclaimer when you go into saskatchewan or
00:28:31.840manitoba you know what i mean like you it's it's it's insane so if you're if you're trying to
00:28:37.680to distribute a product across the country you're going to hit probably 11 or 12 different
00:28:44.420pretty substantial barriers so interesting nothing in the plan from the prime minister said
00:28:49.880anything about dousing that fire that is interprovincial dealings yeah which seems to
00:28:57.960be the number one could be the number one solution here to come up with a federally regulated system
00:29:03.860of doing things that applies across the board uh let's look at the food prices across the world
00:29:10.180compared to canada uh beef we are higher than australia as you point out we're comparable to0.94
00:29:17.460australia in almost every other way yep except they kick our ass at mining resources and apparently
00:29:23.540now feeding us higher production costs winter feeding yeah which is a major deal i guess and0.89
00:29:29.380labor costs uh are why canadians are paying more than australia uh this one dairy cheese milk and
00:29:35.140butter among the highest in the developed countries around the world u.s beats us australia beats us
00:29:40.660new zealand beats us why supply management right it's been the the achilles heel and the negotiations
00:29:47.540for kuzma we're hearing about it again you know uh jameson greer you know canada day came out and
00:29:53.460said hey we're you know we're gonna go year by year big big shocker we predicted that how many
00:29:59.140shows did we say that kuzma was going to go this way so now we're going down this year by year
00:30:04.320review to negotiate this is a big issue it's going to sit on the table right milk and dairy
00:30:09.000have to be dealt with i know i know we keep denying it i know it has a political issues in
00:30:14.600canada um especially for the you know the liberal party uh but it's here it has to be addressed it
00:30:22.160it is sitting upon us now take a look at uh chicken eggs by the way i'm not sure which came
00:30:27.180first uh and uh fresh fruits yep united states is is a much better deal uh on all of those
00:30:36.000australia and new zealand as well and on fresh fruits and grapes uh berries grapes and things
00:30:40.840like that uh california and mexico of course now yeah here's the thing supply chain and short
00:30:47.900growing season are the reason on all of the ones i just named right now now part of the the food
00:30:55.600security strategy that he came up with the vertical farming and the greenhouse farming
00:31:00.020they did put about 700 mil 750 million into okay so hey listen that's it's a good start it should
00:31:07.860have been something we were aggressively doing years ago it's something a decade ago we were
00:31:13.480looking at i don't know why paul i thought that we had already addressed seasonal growing in in
00:31:17.640canada uh because it's such an obvious one that we could have taken care of years ago it is well
00:31:22.220Well, it's already developed, you know, the genetics and the geognomes and everything you have to deal with to get actually fruits and vegetables and greenhouse production is already done.