00:16:48.600is selling out for resources that's selling our resources to a willing buyer they're talking
00:16:54.560about building and robert fife had it in the globe of mail today a southern alberta pipeline to the
00:17:00.320vancouver ports so there'll be a third pipeline is for oil to go to the pacific rim that's selling
00:17:05.900resources that's fine selling we should have had those before i would agree with you selling those
00:17:10.280resources selling the product is one thing selling the resource uh extractor selling mining right
00:17:17.720selling oil rights selling all of that off is the potential investment that we're talking about
00:17:24.140carney inviting the world to take part in and if we do that as a reaction to the u.s i think we're
00:17:29.900making a mistake no i will agree with you that it's not it's you can't create the investment
00:17:35.360for selling it you're creating it like look it's in your best interest you'll make a returning
00:17:40.400your investment you'll be and he's going to play the anti-trump anti-usa card to the hilt
00:17:45.840look don't do your business there put your money here go to the ring of fire you know precious
00:17:52.480minerals and precious metals in northern ontario build up an actual gas pipe right churchill he's
00:17:58.640inviting other countries to come here businesses from other countries to come to canada to do that
00:18:03.060when we do that jim yes when we cut red tape out of the way for other nations to build stuff that
00:18:08.780we could have cut the red tape for us to do ourselves we are putting ourselves in line to
00:18:12.880become a slave nation i don't buy that committee just so you know that sounds like a very corporate
00:18:18.940board of directors do you know that you know the coffee and donut parties they're going to have
00:18:24.420pizza parties it's going to be a lot of fun i i do see a lot of poutine being ordered uh uber eats
00:18:30.380to those conferences mini golf i'm worried jim that if we don't build subsidies against the
00:18:37.380tariffs on the things we need to pay in the u.s we'll never have a seat at the negotiating table
00:18:42.620i think that we need to step off our high horse just for a minute and understand that yes americans
00:18:48.780don't speak the same way we do it's not to me it's not a high horse it's it's having a multifaceted
00:18:56.640varied economy yeah it's having we do we subsidize the dairy industry quite a bit so let's add a
00:19:03.840little subsidy as you say to the steel and softwood lumber let's invite it look up until now
00:19:09.340we haven't really said hey uh hedge fund abc in whatever country have you thought about investing
00:19:15.920some of your money here and this is trying to convince other countries and other hedge funds
00:19:21.300and other investment houses to not throw all your money in the united states to steer some of that
00:19:26.160money into the canadian economy maybe laugh when lutnik says oh who are we dealing with here0.89
00:19:31.820christian freelance she's the worst she's not even in the government anymore maybe no this is0.97
00:19:36.780at some point in the past but it just made me laugh the way he referred to her as she's the
00:19:41.380worst so you know and what do you think people think about him what do you think people around
00:19:46.680the world think about the people he works with and his boss they're not exactly in held in high
00:19:51.940esteem right now mike i do agree with you on that and i don't like the way he talks and i don't like
00:19:56.920the attitude that comes across but the truth is that's the attitude of that nation that's the
00:20:02.060read they have on us that's their position at the moment we need to take that seriously because the
00:20:07.900truth is if we just keep reacting like we're better than everybody else or no and our self right
00:20:13.800jim our self-righteousness gets in the way or we would be drilling for oil we would be creating
00:20:20.460uh processing plants for our own okay no no i i don't view it as that we're better than anyone
00:20:26.740else and that that attitude as far as what happened in the last 10 years under justin
00:20:31.600trudeau mark carney is every month distancing himself more and more he is trying to untie that
00:20:38.260knot and it's and it's it's obvious they just had a report that the numbers of recruiting are beyond
00:20:44.220even what they thought they would be in the canadian armed forces is that right yes oh
00:20:49.020fantastic so they're exceeding their recruitment numbers for young people joining the military
00:20:53.400They are trying to cut the cord, as it were, from, you know, the shackles of the Trudeau administration, Stephen Gilboa and all those Wilkinson and everyone that said, you can't do this.
00:31:24.080You know, that's almost, we sit around theorizing about how Mark Carney just,
00:31:29.820he operates like Winston Churchill from his bed in England in London someplace.
00:31:34.220uh with his british friends and you know there you go that kind of plays into our
00:31:38.380our uh fantasies but having said that what is your overall impression of this list and what
00:31:45.460do you think it represents and do you think that the u.s was like bring us everybody on a bus and
00:31:50.880talk to us or do you think this is no i think it's committee so you know uh as soon as criticism so
00:31:57.680it's interesting uh sunday night the video comes out the nine minute video of mark carney
00:32:02.560not well received no so i'm thinking the pr group of of the liberals of mark and the the prime
00:32:09.580minister uh are sitting around they say well that didn't go well you know we thought it was a good
00:32:14.320idea we put it out you know i'll i'll negotiate i'll tell you you know uh forward guidance what
00:32:19.820i'm doing yeah didn't go very well so right away they scamper and they get this committee they had
00:32:24.840this committee forming they quickly get it together they see pierre moving up the stairs
00:32:29.720they're like boom they put it out you know this should quiet people down because at least there's
00:32:34.780people from every party that we're paying or you know reimbursing to sit on this committee
00:32:40.360so that should quiet everyone down regardless of whether there's a plan or not and i think
00:32:46.220that was the approach you know very uh interesting approach but right away after that so that gets we
00:32:52.440just get through that and it doesn't stop there because then that makes the u.s move so he they
00:32:59.320thought i think they really thought that it would just go quiet i think this was uh probably
00:33:04.080something they had anticipated uh when they did the sunday video of the prime minister okay that
00:33:10.780could go one way or the other we better have the committee ready committee gets ready the
00:33:15.060announcement of the committee forms quickly when the reception doesn't go well because people are
00:33:20.320saying you know he doesn't want to negotiate with them what's going to happen you know why is he not
00:33:24.580negotiating why does he not have a plan so pure polio's ideas are starting to ruminate and
00:33:29.860everyone's thinking oh he's he's not going to negotiate yeah yeah well right away then the
00:33:35.340committee and then all of a sudden you see the u.s start to spiral around right so the americans
00:33:40.720come to the table uh it's very interesting the uh the first clip we're going to show here
00:33:45.420is back to Lutnick as he gets really quite a bottle washing from the New Hampshire Senator
00:33:55.820Jean Shaheen, as I've started to refer to her, Jean, Jean, the dancing machine. But she really
00:34:02.580does hold his feet to the fire over the damage that it's done to her state. We can have a look
00:34:07.220at that. Secretary Lutnick, last week, you said about Canada's economic strategy, and I quote,
00:34:13.600they suck. I believe your spokesperson then said this was about Canada's economy leeching off of0.90
00:34:21.820the U.S. How does insulting our closest ally and neighbor help the businesses in my state of New
00:34:28.860Hampshire and states all across this country who are hurting because of the loss of Canadian
00:34:34.740business and tourism Canada's economy leans on the 30 the incredible 30
00:34:45.540trillion dollar economy of America there's no doubt about that mr.
00:34:49.260secretary but insulting our closest ally and neighbor who provides a lot of
00:34:55.320business we have a lot of businesses in New Hampshire small businesses who work
00:34:59.700on both sides of the border we have all those Canadian visitors who are not
00:35:03.720coming because of your comments and comments by the administration uh well there you go i i mean
00:35:10.400lutnik really not a strong strong response he has he's towing a company line a trump company line i
00:35:17.420think there but it really does kind of put a fine point on that this is the first of a few responses
00:35:24.680but a fine point on the tourism aspect of stuff yeah and what it's done to new hampshire yeah well
00:35:30.640sure new hampshire of course she doesn't like it a high tourism area for canadians gone away you
00:35:36.960know it's decreased by 30 but you know his response is yeah but you know for the betterment of the
00:35:43.840country we need to deal with gary it's a very interesting response right so right after that
00:35:52.720as he's in this uh senate ways and house uh ways and means committee and he comes out and says you
00:36:00.960know what we there's bigger issues there are bigger pillars inside of what's going on in kuzma or
00:36:08.480whatever we're going to call it at the end jameson greer comes out and he starts talking about the
00:36:14.560fact that it's not going well so he comes out and he basically says canada's on a different
00:36:20.800trajectory they're working on globalization by traveling around the world and trying to do deals
00:36:27.280globally they're going in a totally different direction than canada so they're doubling down
00:36:32.720so dare being canada is doubling down on globalization when we're trying to correct
00:36:37.840the that he means the united states is trying to correct uh for problems of globalization right
00:36:43.840so he's basically saying we are contributors to to their problem yes well they say so those are
00:36:51.960two models that don't fit together very well that's true one one is definitely uh converse
00:36:59.660to the other so think about it you know throughout this show we started off with
00:37:03.740lutnik and davos and and you know lutnik talking uh recently and basically saying that you know
00:37:10.600we do get along, but unfortunately, you know, the two parties don't feel like they're being
00:37:17.140fairly treated. So we don't feel like they're fairly treating. We feel like they're talking
00:37:21.780to us rudely and not neighborly. They're feeling like we've taken trade away from them. And then
00:37:29.360this is spiraling into just before we're supposed to be seated and this committee is set up into,
00:37:35.120okay, now you have to give something up for us to start the Kuzma negotiations with Canada.
00:37:46.480That was really clear. That was a real clear indicator.
00:37:49.440That came out at the end of the day today.
00:37:51.620And Jameson Drew is like, okay, we'll come back to the table, but you have to concede something first.
00:37:57.040And then Mark Carney right away is, I'm not going to concede anything.
00:38:00.580So as all these actions are happening, they're kind of spiraling off each other to the point where we're now at, unless you're willing to concede something, like, for example, you're allowing to let our dairy farmers go into Canada.
00:38:14.140You're allowed to open up certain markets in Canada.
00:38:20.660It's shocking to me as well because how much the alcohol, the wine, the alcohol industry in America has suffered based on this alcohol ban in all but, as we hear, two provinces in Canada.
00:38:37.800And Jameson Greer falls under a lot of scrutiny about this from Claudia Tanay.
00:38:45.760This is from the House Senate Committee meeting.
00:38:47.900Every Canadian province, with the exception of Alberta and Saskatchewan, has ceased distribution of U.S. wine and liquor products, including Ontario to the north.
00:38:57.320This is distorting the market, causing immense harm to our wine producers in the district.
00:39:03.020And have you and your team raised this issue as well with our Canadian counterparts?
00:39:28.680There are two countries that have retaliated economically against the United States in the past year, the People's Republic of China and Canada.
00:39:34.700So that's kind of the company that they're running in.
00:39:37.400So my sense is there may have to be an enforcement action to deal with this issue on wine and spirits in Canada.
00:39:42.480Okay, so he's basically saying the U.S. is prepared to take action to enforce our arrangement with them because it's not in agreement to anything that we've agreed to previously.