Canada's New Prime Minister Joins Tariff/Sovereignty Debate

18/03/2025 53 min Episodio 63
Canada's New Prime Minister Joins Tariff/Sovereignty Debate

Listen "Canada's New Prime Minister Joins Tariff/Sovereignty Debate"

Episode Synopsis

In Episode 63, the focus of discussions in on two main topics: new Prime Minister Mark Carney's early days at the helm of Canada, and tariffs. Frank discusses Carney's decision to travel to Europe before the US, a move that was criticized by Saskatchewan Premier Scott Moe, and the significant downsizing of the new Liberal cabinet, a move that was sure to hurt some feelings inside the caucus. Frank provides the pros and cons of choosing Carney or Conservative Leader Pierre Poilievre to represent Canada in negotiations with President Trump, and he debunks the recent claims by former Prime Minister Stephen Harper that Carney didn’t deserve credit for Canada's response to the GFC. In the tariff discussion, Frank dismisses Trump's repeated exaggerations about trade deficits equaling some sort of subsidy provided to Canada from the US.  Frank counters that the existing trade deficit is not a subsidy that costs the United States jobs, instead it is a function of our abundance of raw material inputs that the United States imports from Canada. Frank also lays to rest any notion that Canada's dairy sector is not open for business with US suppliers; in fact, the US has yet to use up more than ½ of its dairy quotas with Canada since the 2018 CUSMA agreement set new free trade supply limits. Frank finishes with some ideas for Canada's government to meet its NATO spending commitments, and his belief in the need to keep momentum moving forward with respect to the elimination of intra-provincial trade barriers. This podcast was recorded on March 17, 2025.           Chapter Headings 00:25 - Friendship Day in Colorado03:44 - Carney's Cabinet and First Trip to Europe09:02 - Carney or Poilievre – Who is Best Positioned to Negotiate with Trump?14:28 - Carney on Taxes16:41 - Harper on Carney's Contribution to Canada's GFC Response19:03 - Two East Coast Premiers Retire – is this Coincidence?21:12 - Trump's Exaggerations Used to Justify Tariffs on Canada28:38 - Meeting NATO Defense Spending Target36:24 - Understanding Dairy Quotas – Not Just a Canada Issue48:08 - Is Momentum for Removing Intra-Provincial Trade Barriers Sustainable?50:25 - Caught in the Blue Jays Vortex…Again
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.