Ezra Levant exposes Mark Carney’s and Doug Ford’s reckless trade strategy, including Ford’s $75M ad campaign—misleadingly edited from Reagan’s 1987 speech—to provoke Trump despite 400K+ Ontario jobs relying on U.S. ties. Carney, with no hands-on business experience, pushes ideological priorities like decarbonization over pragmatic solutions, while his "vulture fund" tactics at Brookfield and potential tax evasion via an Irish passport raise suspicion. Their approach risks job losses and inflation, mirroring Japan’s new nationalist PM’s policies, suggesting Carney’s role is more about aligning Canada with China’s economic interests than fostering real growth. [Automatically generated summary]
Hello my friends, what an explosive controversy Doug Ford's $75 million attack ad against Donald Trump.
Well that didn't end well and now Canada's paying the price.
But did Ford mean to fail?
I'll look into that possibility.
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Tonight, Trump suspends all trade talks with Canada, blaming a TV ad campaign by Doug Ford.
But what's really going on?
It's October 24th, and this is the Answer Levant show.
Shame on you, you censorious thug.
Last night, US President Donald Trump announced that he was suspending all trade talks with Canada.
He said he was doing this in reaction to an ad campaign that Premier Doug Ford from Ontario was running in the United States.
An excerpt from a speech by the late President Ronald Reagan about tariffs.
Here's an excerpt from that speech, from that ad.
High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars.
Then the worst happens.
Markets shrink and collapse, businesses and industries shut down, and millions of people lose their jobs.
Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition.
America's jobs and growth are at stake.
Now, Reagan really did say those things.
He believed in free trade and lower tariffs.
We know that because he negotiated an enormous free trade deal with Canada, and he deregulated the U.S. economy.
But Reagan said other things too, in the same speech, too, about how tariffs can and should be used for temporary purposes if foreign trade is skewed in certain ways.
Obviously, those parts were left out of the speech.
Now, news reports say the government of Ontario has spent $75 million on that ad.
Now, I honestly find that hard to believe.
That is so massive.
I mean, for comparison, the National Firearms Association, the National Rifle Association, excuse me, only spent $10 million in the last election cycle.
Is this ad really multiple times more costly?
Elon Musk, a staggering expenditure of $100 million in the last election.
Did Ontario really spend $75 million?
Now, some Are cheering at Trump's reaction.
They say it proves how effective the ad was.
Well, yeah, I mean, it did get a reaction, if that's what you mean by effective, but I'm not sure that's the same as effective in terms of getting what Canada needs.
I mean, Bob Ray, Canada's top diplomat at the UN, was gleefully retweeting American political enemies of Trump who were cheering for the ad.
Now, I'm not a master diplomat myself, but it seems to me that if you're trying to persuade Trump to change course and be more solicitous towards Canada, joining his partisan enemies in a good laugh at Trump might not be something you want your top diplomat in New York doing on Twitter, but I don't know.
What do I know?
But what should Canada do now?
Should the ads keep running?
Is that a good idea?
Does anyone think it is?
Does anyone think that Donald Trump is just moments away from collapsing and giving Canada everything we need?
Seriously, other than some partisan cheering, does anyone think this ad actually worked?
Does anyone understand why Doug Ford, a provincial premier, is mucking around in foreign affairs?
Does anyone think he's better at that than our entire Foreign Affairs Department in Ottawa or the hundreds who work in the Canadian Embassy in Washington, D.C.
I mean, here's a few of Doug Ford's classic diplomatic moments these past months.
We are the largest purchaser of alcohol in the world.
We buy over 3,600 products from 35 states.
I talked to the governor of Kentucky and Mitch McConnell.
Don't touch our bourbon.
I'm going after absolutely everything.
And I don't want to.
We keep the lights on the 1.5 million homes and manufacturing in New York, in Michigan, and in Minnesota.
If he wants to destroy our economy and our families, I will shut down the electricity going down to the U.S.
And I'm telling you, we will do it.
It's unfortunate.
I would rather ship you more electricity, ship you more critical minerals.
I want to ship you more energy, more potash to keep your farmers going.
And uranium that you use for your nuclear power comes through from Saskatchewan over to Ontario.
And it's going to be a massive, massive problem.
I'm telling you, we love the Americans.
Canadians love Americans.
I love the U.S. Everyone does.
And not one American friend, when I lived there for 20 years, I've talked to all of them.
Hardcore Republicans are saying this is the biggest mistake President Trump has done and we're dead against it.
And so yet to find one supportsman.
If they want to try to annihilate Ontario, I will do everything, including cut off their energy with a smile on my face.
So, and I'm encouraging every other province to do the same.
Quebec, Manitoba, B.C., we all have to act in unison out east.
They rely on our energy.
They need to feel the pain.
They want to come at us hard.
We're going to come back twice as hard.
So I appreciate the question.
Sorry, I'm getting a little passionate today about this because that guy drives me crazy down south, I'll tell you.
And 41 million other Canadians.
We also need to learn more about where the government's retaliatory tariffs.
I'm a strong believer in retaliatory tariffs.
You can't let someone hit you over the head with a sledgehammer without hitting them back twice as hard, in my opinion.
Now, I've never met Trump myself, but I'm not sure if threatening to illegally cut off electricity contracts from Canada that go to millions of Americans in the Northeast.
I'm not sure that's the kind of thing that wins over this particular U.S. president.
There's no way that Doug Ford and Mark Carney, two best friends, as they constantly remind us, aren't operating as a tag team here.
There's no way that Mark Carney didn't sign off on this.
And the regime media loves it, but activity and insults are not a substitute for a strategy.
Here's Mark Carney this week saying that our trade relationship with America is dead.
What?
The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperations is over.
So it is dead, or you want it to be dead?
Is he pronouncing it dead?
Does he not know that sometimes negotiations have dramatic moments in it that are just posturing and puffery?
Is it his preference that our trade relationship be dead?
How does that square with his promises to work with Trump?
I don't think Mark Carney has a clue.
I think he's a classic case of over-promise, under-deliver, being promoted to the level of his incompetence.
You ever heard that phrase before?
That's why he keeps going on these junkets overseas.
He hates being in question period or answering reporters, even his own government reporters.
He hates parliament and any other mechanisms designed for transparency and accountability.
He prefers foreign meetings, the sort he mastered when he was a director of the World Economic Forum.
No opposition, no accountability, no free press, no ethics registry, no lobbyist registry.
Mark Carney's constant foreign trips are an attempt to recapture that world of luxury and no accountability.
But Canada is in a crisis.
How do you solve a problem like Trump?
Carney made that the ballot question in the election.
He claimed he was the Trump whisperer, but it never looked convincing to me.
He bashed Trump and insulted Trump on the campaign trail, but then he was obsequious and submissive during their meetings.
And so far, absolutely nothing has been achieved.
By the way, Doug Ford has said he will suspend the ads, but only after this weekend's World Series game.
Carney has now taken to boasting about the Canada-U.S. free trade deal that was negotiated years ago, claiming that status quo as some sort of personal achievement.
But look, Carney has actually not achieved anything.
And if you think about it, he's never actually been a business executive in the arena solving problems.
He was a chairman of Brookfield, which is a figurehead, a meeting chair, a spokesmodel.
He was an analyst at Goldman Sachs.
Same thing.
He was a critic.
He was a voyeur.
He was a consultant, but never a doer.
Those jobs are very different from actually running a business and leading.
Any random owner of a convenience store has more business experience than Mark Carney.
Tell me one thing that Carney has accomplished in 225 days as prime minister.
That's how long it's been.
Now compare that to what Trump has done in 225 days or a little bit less.
Carney brought a fresh list of buzzwords to the PMO that Trudeau didn't use.
You know, he sounded really fresh for about 30 seconds until it became clear he just mixes and remixes that jargon in every statement, like Trudeau's word salads.
There's nothing under the words.
There's nothing in the suit.
There's no there there.
First thing we need is to recognize that we need to use scarce dollars to the maximum effect.
This isn't just about bigger volumes.
It's about using scarce public dollars to maximum effect.
And that is catalyzing financial instruments using risk mitigation tools to better allocate risk between the public and private sector.
I will just refer for speed to the agenda of the private sector investment lab and what the World Bank has been doing on risk management.
The second point is crowding in institutional capital through originate to distribute models.
There's a lot of words there.
What it basically means is recycling the balance sheets of our international financial institutions.
So they are there catalyzing the new lending.
Once it matures, it's parked off to other holders that can hold it for the long term.
And it's all about action, new action at the MDBs.
The third point is strengthening the structures, processes, and governance of the institutions.
To put it into plain words, the shareholders should be looking at key performance indicators that are directly tied, of course, to the sustainable development goals, but also absolute volumes of capital that are moving.
Right now is the biggest crisis in Mark Carney's short tenure.
Doug Ford, with no constitutional authority, let alone the approval of Canadians, especially from outside his province, has become the de facto negotiator with Trump.
And Ford's style is a combination of insults like calling Trump a tyrant and an unconvincing attempt to out-bully Trump.
My number one job is to make sure we protect the people of Ontario.
I need to protect the communities against that tyrant south of the border, which drives me absolutely nuts.
And will always be there to protect the families and businesses who call our province home.
Ford is normally despised by the regime media in Ontario, but they love his anti-Trump outbursts.
So they've made him Canada's face in the U.S. while Carney runs away.
Imagine making a statement in French, which Carney did today, so the Americans can't understand it, and then running away without answering any questions.
Carney is hiding and letting Doug Ford, his sole provincial ally, fill the gap.
Look, the problem with the ad wasn't the ad.
It was that Ford was trying to hustle Trump and hustle Commerce Secretary Howard Luttnick, and was spending that money campaigning during an election year.
It's always election year down there.
They correctly, the Americans correctly have identified Ford as Carney's attack dog.
Don't they know that Trump always engages in tit-for-tat?
If you push him, he pushes back.
Of course they know that.
But as Foreign Minister Anita Annand announced the other day, they're all fine with this.
After all, they seek to realign Canada towards China.
Seriously, she just said that.
She had a great meeting with the Chinese.
Not so good with the Americans, but the Chinese lover.
Now, I don't know how to negotiate with Trump to save Ontario's auto factories.
I don't know.
I don't know if it's possible.
But I didn't promise millions of Canadians that I'd a secret ability to connect with Trump like Carney did.
Occam's razor suggests an explanation here.
Maybe this is exactly what Carney wants.
For a decade at the World Economic Forum, Mark Carney has been promoting decarbonization.
He's been promoting stakeholder capitalism, that is, socialism.
He was the UN climate ambassador.
He laid an industry movement to de-bank oil companies.
His wife, Diana Fox, is even more extreme than Carney.
It's going to be that Carney is actually fine with all this.
In fact, that he's glad he can blame an external bogeyman for it all.
The deindustrialization of Ontario, the demarketing of the oil sands, the de-linking of Canada to the U.S., moving towards a more China-centric world, defying Western alliances, putting the UN and Palestine ahead of traditional bilateral relationships with the U.S., Israel, and NATO countries.
Oh, and by the way, don't forget that Mark Carney refused to sell any of his 600 different stocks.
When he became prime minister, only 5% of his companies are Canadian.
We don't know his net worth.
Mark Carney's Stock Dilemma00:15:06
No regime journalists have bothered to ask him.
He's an oligarch.
We just don't know if it's $100 million or $1 billion.
But the strange fact is he refuses to sell his stocks, suggesting that running Canada is not his sole priority.
Getting richer is.
And look at those stocks.
He is personally bearish on Canada.
His last act at Brookfield was to shut down their Canadian head office and move it to New York City.
Mark Carney will make money by Canada doing poorly.
Show me an error in my thinking.
This is a very difficult time right now.
You can blame Doug Ford and he deserves some of the blame, but this is all Mark Carney's plan.
Stay with us for more on this.
You know, it's incredible how Mark Carney and Doug Ford are handling things.
And I'm not saying that it's easy to handle Trump, and I'm not saying that Trump's objections are all in good faith.
I think he is perhaps overreacting, although if it's true that the government of Ontario is spending $75 million on this ad, and I find that such a staggering sum, it almost defies belief.
That would affect political campaigns in the United States.
I mean, imagine if Trump spent $75 million in a Canadian political cycle.
It would be considered outrageous.
So maybe Trump, I don't know, maybe he's not flying off the handle.
Maybe it is in good faith.
You dumped $75 million, as I mentioned earlier.
The entire NRA ad spend in the last presidential election was just $10 million.
Imagine being seven and a half times that.
But what is the right approach to take?
I mean, is it even possible to negotiate with Donald Trump, or do you just have to sit and take terms?
I think it is possible to negotiate with him.
Other countries have managed to achieve that.
In fact, other countries seem to have be favorite pets of Donald Trump.
I refer to Naib Bukele of El Salvador and even Javier Millé of Argentina.
Trump has gone beyond the call of duty to prop them up, to support them, to shower them with praise and actual useful things.
For some reason, Mark Carney, who billed himself as the Trump whisperer, has failed.
Joining me now to talk about this and to talk about how different provinces have had different tactics.
We're joined by Keith Wilson, King's Counsel.
We know him as a freedom lawyer from Alberta, but he's got a lot to say about Canada and Alberta too.
Keith, great to see you again.
Good to be on.
You know, Danielle Smith, I think, has taken the right approach.
I saw her in Washington, D.C.
I was down there for Trump's inauguration, and there was Danielle Smith working the rooms, going to receptions, and she had booked a boardroom in a hotel in central D.C.
And one after the other, there were all sorts of industry groups and politicians coming through, and she was selling them on Canada, not berating America, not fighting Trump, but trying to say, look, here's how we work together.
It was quite something to see.
I don't know if any of the other provinces did the same, but they certainly criticized Smith for being too friendly to Trump.
Looks like she had the right approach all along.
Am I wrong?
You're not wrong.
And what's so spectacular about what's happening, particularly with what Doug Ford and the Ontario government has done to antagonize President Trump and really insult him and offend him, is that, you know, what are we talking about here?
We're talking about trade, right?
Well, trade involves a seller and a buyer.
It involves a customer.
75% of Ontario's trade is with one customer, the United States of America.
You don't antagonize customers.
You don't insult customers if you have any modicum of intelligence.
That's what's so stunning here, is that 400,000 jobs in Ontario are dependent upon having a good relationship with the customer called the United States of America.
And what sensible, intelligent leaders do is They don't take out ads insulting the head of the customer.
They rent, as Danielle Smith did, a ballroom at a hotel and they invite people in and they have cocktails and they get to know them and they get to understand what their needs and concerns are and how you can better meet those so you can sell more stuff to your customer.
Hey, I want to put to you two possibilities.
And if there's a third one, you tell me.
Sure.
Look, there is a permanent diplomatic corps in Washington, D.C. at our embassy.
And obviously in the Department of Foreign Affairs in Ottawa, a lot of them are focused on the U.S. relationship.
So there are lifelong diplomats who I would say most of them are non-partisan.
They have a lot of enduring relationships with staff and probably congressmen and senators.
So you have a lot of people who could probably say, well, this is how we do it.
This is how we did it under both Harper and Trudeau.
Like I truly believe that a lot of the diplomats are nonpartisan.
I believe that.
Maybe I'm a fool, but I think so.
But it seems to me like Mark Carney and Doug Ford are completely ignoring any advice, any norms, like running a $75 million ad campaign, denouncing him as a tyrant, Doug Ford threatening to turn off electricity.
So here's my two theories.
Theory number one, instead of taking normal diplomatic advice from the pros, they are getting extremely bad advice from someone else who, in my opinion, maybe hates Trump and thinks that they can be the Trump buster where no other country in the world has succeeded in doing that.
So explanation number one is that this is the Canadian government and the Ontario government following really dumb advice.
They mean well, but boy are they misguided.
Here's explanation number two, Keith, and you tell me what you think of this or if there's a third explanation.
Explanation two is so outrageous, part of me doesn't even want to say it, but it fits.
What if Doug Ford and Mark Carney actually want a battle with Trump?
Because domestically, it keeps enough people voting liberal or for Doug Ford or whatever.
In the coming recession, Ford can blame Donald Trump for all the hardship as opposed to his weak leadership these past years.
Carney can say, I've always told you we have to pivot towards China.
We have to decarbonize, deindustrialize.
Sorry to see the so theory one, whoa, they're getting bad advice, but they really want to help Canada.
They're just doing it wrong.
Theory two, they actually want Trump to punish us, to tariff us, to move the auto sector down there, to devastate our economy.
The worse, the better.
So they can say, Trump did this to us.
Never vote for Pierre Polly.
He's too Trump-like.
Vote Mark Carney.
Vote for Doug Ford, the Trump fighter.
Like, theory two is that these guys are not so stupid that they realize calling Trump a tyrant will irritate them.
They're not stupid.
They're just too clever.
What do you think of those two theories, or do you have a third theory?
Well, I have a blended theory.
I think both of those things can be true at the same time.
And think about this.
You know, look what's happened to Venezuela.
You know, second largest reserve of oil in the world, and their money became so worthless that it litters the streets.
And so Chavez and then Maduro explain away the failures of socialism, not as the failures of socialism, but rather the oppressive and trade interference and unfair trade activities by the United States with tariffs and sanctions, right?
So it provides cover for their policy failure in Venezuela.
It provides cover for their ideological mess and their leadership failures.
So it could be the case that Kearney and Ford and EBI and others see themselves as somewhat protected by being able to blame Trump.
But I also think in the first instance this was glaring incompetence.
And a really good illustration of the incompetence is the execution.
And what I mean by that is they made a one-they took a one-minute clip from President Reagan from a five-minute and 10-second radio address.
And they took a minute in the middle.
And at the beginning of the address, Reagan was talking about the need to use tariffs to achieve fair trade, specifically Japanese semiconductors, because they were flooding the market.
We wouldn't have a Silicon Valley today.
We probably wouldn't have a Google.
We wouldn't have a Meta, et cetera, had Reagan not used tariffs, significant tariffs, to curtail the flooding of semiconductors into the American market in 1987.
He used tariffs, President Reagan did, on motorcycle parts, he used it on steel, he used it on grain.
And then at the so they took the middle minute.
So the first part of is President Reagan talking about the importance of him having the power to impose tariffs to achieve fair trade to protect American interests.
And then the last minute or two is him talking again about the importance of him, President Reagan at the time, not being blocked from using tariff powers.
Look at the parallel to what's happening right now.
The left and the progressives, the Democrats, are trying to convince the Supreme Court of the United States to block President Trump from using tariff powers.
So then he sees this ad that's cherry-picked, edited, taken out of context, and he becomes furious, and rightly so, regardless of your views on the issue and the merits of Trump and trade and all these things.
You've got to acknowledge in fairness that that was dirty pool.
So this is a, I think this is incompetence in the extreme.
And unfortunately, Canadians are going to suffer because of this.
It just blows my mind.
You know, 75% of the trade from Ontario is to the United States, over 400,000 jobs.
And Premier Ford and Kearney are just engaging in such reckless economic behavior.
Yeah, and Ford, constitutionally, historically, by custom, would not be leading the charge, would not be the lead spokesman, would not be the point man for an international negotiation.
He's a provincial premier.
He's obviously doing this with Carney's approval.
Now, Carney said call it off, so he's calling it off in a couple of days.
But it's sort of crazy.
Like, what next?
The mayor of Toronto or the mayor of Vancouver running attack ads in the states.
It's just such.
But, Ezra, but wait a minute.
It's not that they're calling it off.
You know, well, how is it $75 million?
Right.
Because they bought a whole bunch of time for the World Series ads.
Oh, my gosh.
I did hope that.
I couldn't say that.
And so they're still going to run it over the World Series.
Trump's going to see that.
Oh, my God.
Is this what I'm saying?
How do you.
$75 million?
I've never heard of an ad buy that large.
You know, it's seven and a half times what the NRA spent in the last presidential election.
Elon Musk's enormous gift of $100 million, it's almost as big as that, and that helped change the election.
This is so, I can imagine Trump is saying, who's attacking me?
That guy who threatened to turn off electricity?
That guy?
Like, I can imagine why he blew a circuit.
But if I just could one important detail here.
Yeah.
Trump knows now, as of a few hours ago, with Premier Ford's announcement in the afternoon of the Friday, that he's going to continue to run in the ads until Monday.
He knows that he's going to run them at the Super Bowl.
Is Trump going to sit there and do nothing?
I guess we're going to find out.
Wouldn't surprise me if he says, No, you're not, pal.
You're stopping those ads now.
Wow.
So, what are his options?
I don't know.
I'm starting to think about that.
But I don't think this is over by any stretch.
And if Trump was angry yesterday, he's going to be even more angry, I would suspect, as will his supporters in the United States, as will his cabinet, as will his trade negotiators, if Doug Ford and Mark Carney continue to insult and offend and antagonize by running these outrageously misleading ads, misleading ads, knowingly misleading.
That was a conscious decision to edit them the way they did and run them during the Super Bowl.
Yeah.
Wow.
Wow, wow, wow.
Well, you know what Doug Ford has done is he's got himself on American TV.
And, you know, so many different Canadians look down to the states as the big leagues.
And it's true.
I mean, we're one-tenth the size.
And whether it's in sports or in music, like or comedy or business, they are the big time, right?
And so you have all these politicians who are the premiers of their provinces, but they know that the big game is down south.
And so even as Doug Ford realizes he's, you know, messed up a little bit, Wab Canoe, the Premier of Manitoba, made sort of a copycat video.
And we'll just play it.
We won't play it with the sound up, but I just want to show you.
Like, most Canadians don't know who Wab Canoe is.
And I actually don't think he's that terrible.
I mean, he's a socialist, but he's actually, I think, done expectations were so low, he's done better than that.
But this is how he's going to be famous.
This is how he's going to get an invitation on a CNN.
And David Eby, the Premier of British Columbia, here, let me read to you Eby's tweet.
Like, after this entire meltdown, he says, Americans need to hear how tariffs raise prices.
We're making ads to defend British Columbia and Canada's forestry workers.
Our wood faces higher U.S. tariffs than Russia.
Absurd.
Truth will win.
Okay, now, I'm not saying any of those facts are inaccurate.
And I don't know.
Lost Plot, Lost Leadership00:04:30
I mean, if they hire terrorists in Russia, that is absurd.
But to double down on attack ads in the United States after Trump's reaction, I think EB and Wab Canoe just want to be internet famous.
They want to be the toast of the town on CNN.
They want to maybe get invited on Jimmy Kimmel's show or something.
They are certainly not going to help the industries they claim to be rooting for.
They've lost the plot.
They're exploiting the Trump derangement syndrome with their base.
They've lost the plot in that they've realized what they're playing with, what they've put into peril, is average Canadians' jobs, their ability to provide for their families.
That this is about trade, and trade is about meeting the needs of a customer and being responsive to the needs of a customer.
It's not about screaming at them.
It's not about threatening them.
It's not about antagonizing them.
Who could run a successful business when they become fixated on punishing and antagonizing and fighting with their customer?
So they've lost the plot, and unfortunately, it will be Canadians that suffer.
And this is a huge incentive for Alberta separatists.
Speaking of Alberta, here, let me read the tweet put out today by Danielle Smith.
And I say again, I saw her, and she was not obsequious.
She was friendly and complimentary, and she is the most conservative of the Canadian premiers.
So that was genuine.
Let me read what she said.
She said, I remain convinced that the path to a positive resolution with our U.S. partners lies in strong, consistent diplomacy and a commitment to working in good faith towards shared priorities such as North American energy dominance.
To that end, I'm pleased to see Ontario's ad campaign is being suspended, as you point out, not till the damage is done.
And I once again urge the federal government to continue negotiating to resolve these tariff issues and restore a free and fair trade agreement with the United States while diversifying and strengthening the Canadian economy by unleashing our world-class natural resource sector.
So that was a tweet.
And of course, the answer to strengthening Canada's economy is to say yes to the pipelines.
I mean, you would immediately have tens of billions of dollars of construction jobs, and you would have behind that tens of billions, maybe hundreds of billions over time, more oil and gas jobs.
But Mark Carney's ideology is against that.
You know, it's crazy that they were saying that she was the disloyal one.
She was the one that would wreck everything.
She's the only one who has had the common sense here.
And I don't know, it's sort of crazy that these rogue premiers are what's up in Donald Trump's guerrilla.
I bet that there are some professional civil servants at our embassy in Washington and in Fort Pearson, as they call it, Pearson bunker in Ottawa, who are thinking, what are these freelancers?
What are these kamikaze pilots doing?
They're wrecking everything.
I've got to think there's a lot of professional diplomats who are pulling out their hair right now.
Well, and it's pretty clear from the leadership that we're seeing from Premier Smith here in Alberta that she appears to be the only adult in the room at the Premier's table.
Like this, when you compare the rhetoric and the screaming and the crybaby behavior of Ford and EB and Wab Canoe and compare it to the mature, reasoned, calm, diplomatic tone of recognizing the United States as the most important customer that Canada has and will ever have.
You know, we're geographically advantaged.
We've seen over the last several months how countries around the world have come to meet with the Americans, with President Trump and the Oval Office to try and get increased access to that market.
And we are better positioned than anyone else, but maybe for Mexico.
And these guys are blowing it.
And it's Canadians and our children that are going to suffer.
We're going to see the direct result of this is going to be inflation.
It's going to be increasing job losses, lower standard of living, gutting out the middle class.
It's just spectacular that we have such poor leadership in Canada.
And that's why so many Canadians want off, or Albertans rather, so many Albertans want off the bus.
We don't need these idiots.
Let me throw one last thing at you.
Building Bank Canada's Legacy00:04:42
And I said this in my monologue.
Mark Carney presented himself as a man who knew how the world works.
That's what he said.
And he always wore a suit, and he looked the part, and he was the former head of the Bank of England and the Bank of Canada.
And he had a great-looking resume.
And he was the chairman of Brookfield Asset Management, which is huge.
It has a trillion dollars under management.
But he was the chairman, not the CEO.
So he was the guy who would preside over meetings and be high-level, more like a mascot than a roll-up-the-sleeves guy.
Like, he was not, in fact, he traveled around going to conferences.
He was at the World Economic Forum.
He worked for the UN.
Like, I'm not going to say it was just a ceremonial job, but it was a largely ceremonial job.
I don't think he knows how to actually do anything.
He was an analyst at Goldman Sachs.
I mean, if you could tell me what the Bank of Canada, Bank of England, does, then you're ahead of me.
Like, he was just a resume guy, a CV guy, a guy who was wafted up higher and higher.
I mean, he's the kind of guy who would hang out with Ghelane Maxwell, Jeffrey Epstein's girlfriend.
I mean, he was in those elite circles.
But does he actually know anything?
Has he actually done anything?
I put it to you that an average corner store convenience store operator knows more how to solve problems and deal with things than Mr. Jett said.
And I think he's had more than 200 days as prime minister, and he has no bloody clue.
He has no idea what to do.
If you listen to him, it's all word salad.
He does not know what to do.
What do you think of that?
Well, I've been watching him carefully, both prior to him becoming prime minister and since.
And what's become clear is that he's a good-looking empty suit.
And not only that, so he's book smart, but he's not street smart.
But there's two aspects to this.
One is let's look at Brookfield.
Brookfield, and you just mentioned the guy at the corner store.
And that guy at the corner store might have, it might have been, used to be a hair salon or a barber shop or a tax accounting office.
And he had to remodel it and he had to stock it and he had to figure out how to advertise it.
And he had to figure out how to build a market and a customer base and balance a book and manage employees.
That's not what Brookfield does.
Brookfield goes in.
Other people do that heavy lift.
Some guy builds an oil field service company or an oil and gas company or some kind of manufacturing company or builds a residential real estate company.
And then Brookfield, essentially a hedge fund, comes in and buys it up and then carves it up and squeezes it out and sells off pieces.
So that's his, to the extent he has experience beyond being a mystical banker, that's it.
So he doesn't know how to build a company from scratch.
He doesn't know how to actually build a customer base and get access to markets.
And this is painfully obvious when he says we're going to increase our steel sales to, we're not going to sell steel to the United States anymore.
We're going to ship it all the way across the world to Europe.
Well, Europe already has steel suppliers.
They're not going to say, oh, no way, Canada, you want to, oh, sure, no problem.
We'll stop selling.
We'll shut our plants down.
We'll lay all our workers off.
Canada, come on in, take our market share.
No way.
Not only that, 75% of the steel in Europe comes from Europe.
The 25% that doesn't comes from China, Russia, Turkey, that have far lower environmental standards.
They're not worrying about decarbonizing their steel.
They're not paying that.
They have non-union low wages and they don't have the shipping costs.
So this guy has demonstrated he doesn't know what he's doing.
If he were serious at all, if he were nothing more than a good-looking empty suit, he would not be on a plane right now to Asia.
He would be in Ottawa.
He would be drafting bills to repeal the emissions cap, which is a production cap to incentivize investment of all kinds of things, including in our electricity grid that are soon going to be failing.
He would be repealing the tanker ban.
He would be repealing the no more projects, no more pipelines bill so that people and investors could invest and build projects and build mines and build forestry projects, pulp mills, oil and gas activities, manufacturing facilities, smelters, and so on.
He would be repealing all of these laws that are blocking development, investment, causing capital flight, causing job loss, and preventing growth in our economy.
Mark Carney's Climate Buzzwords00:02:34
Yeah.
You know, you're so right about Brookfield being about vulture funds in a way, buying other people's work.
I saw a little bit of that.
I don't know if you remember, I went to the Isle of Man and then I went to Bermuda, not as vacations, but to try and track down these shell corporations.
If I had to tell you what Mark Carney's specialties were, I would say climate mumbo jumbo and evading taxes, including personally, by the way.
I'm sure that's why he had an Irish passport.
He loves the word catalyze.
Yeah.
To catalyze.
And when he starts talking about economics, break it down.
It says nothing.
Oh, he's got this list of buzzwords.
General investment.
Great catalogue.
Catalyze.
Transform.
It's like Justin Trudeau, but with 10 new words.
If you took those words out of any given speech of his, there would be nothing left.
Correct.
Keith Wilson, King's Council.
Great to catch up with you.
Thanks for your time today.
Good to see you, Ezra.
All right, you too.
Stay with us.
your letters to me next.
Hey, welcome back.
Your letters to me.
Bernard Jetsik says, I've heard her referred to as a Japanese Margaret Thatcher.
You're talking about the new prime minister of Japan.
Yes, I've heard that also.
And in fact, I've heard that she sort of looks up to Margaret Thatcher as a role model.
I think ideologically and in terms of military and nationalism, I think that's true.
Japan, of course, being a very different place.
But her immigration platform, I believe, is the most interesting thing about her.
Paul Schofield says, listening to Mark Carney's nonsense makes my ears bleed.
And yes, Ezra, he is lying.
I'm still trying to get a measure of the man.
I think that Keith Wilson is exactly right.
Mark Carney never actually ran a company.
Brookfield is just about buying other assets that somebody already made.
And it's true.
It's not like Carney was in the office looking over balance sheets all the time.
He was swanning around the world, going to World Economic Forum meetings and UN meetings and his anti-carbon campaign.
Mark Carney is not actually a serious man.
He's a consultant.
He chairs meetings.
And I don't think he has the foggiest clue of what to do if the goal is to save Canada's auto sector.
But if the goal is to decarbonize and deindustrialize and move Canada into Chinese orbit, I think Mark Carney is actually the man.