Chief Political Correspondent Rosemary Barton sits down with Industry Minister Mélanie Joly to discuss the state of trade talks with the United States and Canada’s latest strategy to protect and create jobs amid global economic uncertainty.
We also hear from Michael Garcia, CEO of Algoma Steel, on how his company has navigated the turbulence of tariffs and trade negotiations — and what he hopes to see in a new deal.
Then, on The Sunday Scrum, our panel — Rob Russo, The Economist’s Canada correspondent; Charelle Evelyn, Hill Times managing editor; and Jason Markusoff, CBC News writer and producer — break down this week’s Oval Office meeting between Prime Minister Mark Carney and U.S. President Donald Trump, and what it could mean for Canada’s economy moving forward.
📺 Watch now for expert insights on trade, jobs, and the shifting Canada–U.S. relationship.#CanadaUSRelations #TradeTalks #CBCNews #RosemaryBarton #MelanieJoly #AlgomaSteel #MichaelGarcia #MarkCarney #DonaldTrump #CanadaEconomy #GlobalTrade #Jobs #SundayScrum #WorldNews #PoliticsToday
We also hear from Michael Garcia, CEO of Algoma Steel, on how his company has navigated the turbulence of tariffs and trade negotiations — and what he hopes to see in a new deal.
Then, on The Sunday Scrum, our panel — Rob Russo, The Economist’s Canada correspondent; Charelle Evelyn, Hill Times managing editor; and Jason Markusoff, CBC News writer and producer — break down this week’s Oval Office meeting between Prime Minister Mark Carney and U.S. President Donald Trump, and what it could mean for Canada’s economy moving forward.
📺 Watch now for expert insights on trade, jobs, and the shifting Canada–U.S. relationship.#CanadaUSRelations #TradeTalks #CBCNews #RosemaryBarton #MelanieJoly #AlgomaSteel #MichaelGarcia #MarkCarney #DonaldTrump #CanadaEconomy #GlobalTrade #Jobs #SundayScrum #WorldNews #PoliticsToday
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NewsTranscript
00:00We compete. There are areas where we compete, and it's in those areas where we have to come to an agreement that works.
00:08But there are more areas where we are stronger together, and that's what we're focused on.
00:12And we're going to get the right deal, right deal for America, right deal, obviously, from my perspective, for Canada.
00:18Prime Minister Mark Carney made his second trip to the Oval Office to meet with U.S. President Donald Trump.
00:23Although Carney left Washington empty-handed in terms of a deal, both the President and Prime Minister were optimistic.
00:30that a deal on tariff relief will be struck.
00:33In the meantime, Ottawa continues to put forward measures to support Canada's economy in the face of those tariffs.
00:38The latest, a new industrial strategy meant to bolster key Canadian sectors,
00:44including doing things like protecting jobs through procurement and buying Canadian by boosting demand at home,
00:51leveraging Canada's tech and energy sectors to create jobs,
00:54and attracting global talent to make Canada the top destination for science and research at universities.
01:01But with no trade deal on the horizon, will this be enough?
01:05Melanie Jolie is the Minister of Industry.
01:08Minister, nice of you to make the time. I appreciate it.
01:10It's a pleasure. Thank you, Rosie.
01:12I want to talk more about your industrial strategy, because it is, I think, very much in direct response to the economic threats from Donald Trump.
01:20But I will start, obviously, with that, because you were in the Oval Office this week with the Prime Minister.
01:26What did you take, and I know you won't go into details of the negotiations,
01:30but what did you take away from that meeting in terms of momentum
01:33and the idea that we might be able to get some relief in a particular sector?
01:40Well, I think you saw that there was a very respectful discussion and tone
01:45between the Prime Minister and the President.
01:51I think one of the challenges that we all have as a delegation and the Prime Minister has is,
01:58and it's the case, by the way, for all countries dealing with the U.S. right now,
02:03is that there's only one decision-maker in the U.S. administration, and it's President Trump himself.
02:07So it's really important for the Prime Minister to be able to have face time with him,
02:11to be able to sit down with him one-on-one, to have conversations,
02:16because at the end of the day, he's going to be the one that will be striking the deal.
02:21So that was also part of the ongoing engagement,
02:25making sure that they could really build on that relationship.
02:29And I think that's why the outcome this week was a positive one.
02:35Well, we know that, you know, no deal has been struck.
02:38We know that negotiations are going ahead in the right direction.
02:43I'm glad you made the point about one decision-maker,
02:46because as you know, Howard Lutnik then went on to give a speech and speak to a Canadian audience
02:51and suggested that the auto industry would not be part of any further trade deal.
02:56And that, I know, is directly probably of concern to you.
03:01How did you take those comments, and how concerned are you about the auto sector?
03:04Because when the auto sort of stakeholders heard that,
03:08they felt like maybe they were being left behind in trade talks.
03:12Well, you know, when U.S. officials talk, we need to make sure that we listen
03:18and that we take good note of what they're saying.
03:24So it's not as if what the Secretary of Commerce has mentioned is not worth listening,
03:32although indeed there's only one decision-maker, to my point.
03:36Let me be clear, and I've said that in numerous interviews this week,
03:41well, after the comments by the U.S. Secretary, Commerce Secretary,
03:46we will fight for every single job in the auto sector.
03:50These are our jobs. These are our people.
03:53And we'll make sure that we stand with them, that we work with them.
03:57We've done so because we had a remission process,
04:02which is a way for car companies in Canada to be exempted from countermeasures,
04:09which at the time we had in place.
04:11And then we've also put on the table the Strategic Response Fund,
04:19which is a really important fund of $5 billion to support
04:22through strategic investments these different plants.
04:25Also, it's important, Rosie, for our viewers to understand
04:28that more than 60% of the car making in Canada
04:33is done through Toyota and Honda, which are Japanese car makers.
04:39And I'll be heading to Japan to have conversations
04:41with the global CEOs of these plants a bit later this month.
04:46So I've been in contact with Lana Payne,
04:48who's the head of Unifor, representing so many workers.
04:52I've been in contact with also many CEOs in the sector,
04:54including also important voices from the sector, Flavio Volpe.
05:01But we need to make sure that we have a very strong stance
05:05and a good strategy.
05:07So let's pivot back to what you were talking about this week,
05:12sort of in response to all of this, the industrial strategy.
05:15Explain to me how that is going to potentially make up
05:20for a loss of market in the United States
05:24or a loss of a trading partner in some sectors.
05:28Well, you know, we know we're too dependent on the U.S.
05:32That's the case.
05:33That's because we've built our economy a lot
05:36based on free trade with the Americans.
05:39And 70% of our production, nearly,
05:42when we export is going to the U.S.
05:45So I presented a strategy which was about protecting jobs,
05:51creating jobs and attracting talent and investment.
05:54But at the same time, we just saw Irving Shipyard
05:57for the first time in 15 years of building ships for Ardavy
06:01has made its first order of Canadian steel to Algoma.
06:06So that's good news.
06:07And we're seeing C-SPAN in Vancouver,
06:08which is another big shipyard,
06:10making another agreement with Algoma.
06:14So we need to see more of that.
06:16But fundamentally, in terms of creating jobs,
06:19what we need to do is we'll have
06:20a new defense industrial strategy,
06:22which will increase the potential of great jobs
06:26for people in different sectors.
06:29And my last point is we want to build
06:31more great Canadian companies.
06:33We have great Canadian companies
06:36that have influence in the world.
06:38We need more.
06:39We need to scale them up and we need more of that.
06:42What are the policy measures that you will put in place
06:46to attract foreign investors,
06:50allow for Canadian companies to grow?
06:52What are the mechanisms you're going to use?
06:54It can't just be Canadian companies
06:56want to help each other.
06:57I would imagine they also want to get something out of it.
07:00Of course.
07:01So when you look at the defense industrial strategy,
07:03what we can do is to use the power of procurement.
07:06Because companies, at the end of the day, Rosie,
07:08want contracts rather than subsidies.
07:11They can plan.
07:11They can hire people.
07:13They can really be able to invest, do more R&D.
07:17The other thing also to attract foreign direct investments,
07:20and obviously we're seeing that through our major projects,
07:23$60 billion worth of private investments
07:26in five projects that the Prime Minister announced in September.
07:30So that's also a good way to attract foreign direct investment.
07:33And my last point is we want to make sure we cut red tape,
07:37that we're able also to offer stability in terms of environment.
07:44Because a lot of investors are looking at different jurisdictions
07:48and are thinking that there may be sometimes too much risk
07:52because of instability.
07:54And so right now, Canada has this great potential
07:57of attracting capital from the world
08:00because of our stable democracy
08:03and our good environment to invest.
08:05So I'll continue to work on that for sure.
08:08Okay, we will leave it there.
08:09Minister, thank you for your time.
08:10I appreciate it.
08:11Thank you, Rosie.
08:12Pleasure.
08:13U.S. tariffs on steel and aluminum rose to 50% back in June,
08:18forcing many in the sector to reassess their business with U.S. markets
08:22and adjust to the tariff uncertainty.
08:24One of those companies has been Algoma Steel in Sault Ste. Marie, Ontario.
08:29Algoma Steel, we just invested to make sure
08:32that they would have loan support, $400 million.
08:36But you know what?
08:37Well, Algoma Steel business model was basically linked
08:41to the U.S. auto market.
08:43Last week, they got a new order of steel
08:46from Irving Shipyard in Halifax.
08:50That pivot to shipbuilding,
08:52just one of the moves made by the century-old steel company
08:55to adapt to the new reality facing the sector.
08:59Michael Garcia is the CEO of Algoma Steel.
09:02Nice to see you again.
09:04Nice to see you, Rosemary.
09:06I think we haven't spoken since the tariffs came into place
09:10back in the spring.
09:11And obviously, things have changed.
09:13They've gotten worse.
09:14The tariffs have gotten higher.
09:15But give me a sense of how you're doing right now
09:20in terms of dealing with the tariffs at 50%.
09:23Well, needless to say, it's been a very difficult
09:27and challenging time for Algoma Steel.
09:31Initially, 25% and then 50% tariffs
09:34has effectively closed the U.S. market to us.
09:39That's 60% of our historical volume.
09:41Initially, we held on to much of that business
09:45and absorbed the significant financial losses
09:49in the hope that this would be a temporary disruption,
09:53that a deal might be reached around the G7 summit
09:56and then the 1st of August
09:58and a couple of other deadlines.
10:01But I think as the summer wore on
10:03and our financial costs of not doing anything drug on,
10:12we realized that we had to take action.
10:14Even though we didn't really know what the future held,
10:17we had to take action.
10:18And that's what we've done
10:19with securing the government loan
10:21and announcing our early transition
10:23to EAF steelmaking at Algoma Steel.
10:28Okay.
10:29And I want to talk a little bit more
10:30about some of that adaptation
10:32that you've been sort of forced to do,
10:34but may work out in terms of being a positive.
10:37But tell me what you're hearing
10:39after the Oval Office meeting,
10:41because certainly it seems
10:42from the government perspective
10:44that steel and aluminum
10:45is sort of the first area
10:47where they might get some sort of resolution.
10:50Yes, we're definitely hearing that
10:52in both, you know,
10:54all the public comments
10:56from those involved in the discussions
10:58on both sides of the border,
11:00on both the U.S. side
11:01and the Canadian side.
11:02So that brings some optimism.
11:05Again, you know, the U.S.
11:09and more than specifically
11:10than the U.S. administration,
11:12but specifically President Trump
11:13is nobody's ever gotten rich
11:16trying to predict what he's going to do.
11:17So we are cautiously optimistic.
11:20But I do think from everything
11:22that we're hearing
11:23and that we understand
11:25that a deal is getting closer,
11:28but we just don't know the timing
11:30and we don't know the specifics.
11:32Yeah.
11:32Tell me what would be reasonable to expect,
11:36because it doesn't sound,
11:38and I'm sure you would agree with me,
11:39that the president is willing
11:40to give up tariffs.
11:41So would you be able to operate
11:44if you had,
11:45if it was a lower tariff
11:47and you knew it was going to stick around,
11:49or if you were given
11:50some sort of quota
11:51that you could work with?
11:52What is realistically going to be okay
11:57for you and for the company?
11:59Right.
12:00Well, at Algoma Steel,
12:01we realize that we have to have a way
12:04to operate and to thrive
12:06in whatever environment we're in.
12:09And, you know,
12:09we're right now in the 50% tariff environment.
12:11We have a pathway to change our future,
12:15take control of our production
12:17and thrive in the future domestic market
12:20that might even include a 50% tariff
12:23and prolonging for a long period of time,
12:26but certainly something less than,
12:30significantly less than 25%.
12:32So, you know,
12:34in that 10 to 15%
12:35is kind of what I've been hearing
12:37on the unofficial pathways
12:42that I've been listening to.
12:44Can we thrive on that?
12:45Certainly, it's not ideal.
12:47It would put us still at a disadvantage,
12:49but certainly it would be a much better position
12:52than we are in today.
12:54Could we win back all the business
12:56that we lost under 50%?
12:59No, I don't think so.
13:00Some of that business is very difficult
13:02to win back,
13:03and even a 5% tariff disadvantage
13:06would make that challenging.
13:08But certainly it would help,
13:10and it would help the industry
13:12to put a little wind in our sails
13:13to help us move forward
13:15with everything else
13:16that's challenging in our future.
13:18So the other piece of this
13:20that you alluded to off the top there
13:22was how you are sort of retooling
13:24and restructuring
13:25in order to perhaps be more present
13:28in the domestic market.
13:29I was speaking with Minister Jolie
13:31a bit earlier,
13:32and she talked about the deal
13:33between Irving Shipyard and your company
13:35to provide steel for their ships.
13:37What other areas do you see
13:40as potential new business
13:41within the country inside Canada?
13:45You're right, Rosemary.
13:46We see Algoma Steel
13:47a big part of our future,
13:48regardless of what happens
13:50with the U.S. trade relationship.
13:52I think a big part of our future
13:53is being the foundational bedrock
13:55of the steel industry in Canada.
13:58And that means being able
14:00to supply future demand
14:02in shipbuilding, in defence.
14:04And the beautiful thing about steel
14:06is it's such a fantastic building material
14:10for nations that almost any economic activity
14:14that's happening in the country.
14:16So there's opportunity
14:18almost everywhere we look,
14:19as long as the fundamental driver
14:21is growth and building Canada.
14:24So isn't that interesting
14:26that something that, you know,
14:28was targeting your company
14:30and, you know,
14:32could have seen a collapse of your company
14:34has pushed you in a different direction
14:36to try and find a way
14:38to find other places
14:40to sell what you have inside this country.
14:41I know you've got a new electric furnace.
14:43You're doing all sorts of different innovative things
14:45that maybe you wouldn't have done
14:47as quickly before.
14:48Well, I think what happened
14:51over the last couple of decades
14:53is I would say the Canadian steel industry,
14:57but also, frankly,
14:58the government kind of lost sight
15:02and lost focus on what it means to have
15:05and how important it is
15:06from a strategic standpoint
15:08to have a healthy, thriving domestic steel industry
15:11that primarily serves the domestic steel market.
15:15And over time,
15:16as foreign steel unfair,
15:18much of it unfairly traded,
15:20as unfairly traded foreign steel
15:21moved into Canada
15:23and captured segments of steel demand.
15:27So the Canadian steel industry
15:28turned its eyes to the U.S. market.
15:31We had much more stable,
15:33predictable customers in the U.S.
15:35We didn't have quite as much foreign competition
15:37and we were able to build healthy businesses
15:41on the backs of a free trade agreement with the U.S.
15:45But that's all been knocked on its ear,
15:48so to speak,
15:48and it's been changing.
15:50And so we have to really understand,
15:52hey, we are not happy
15:53with a lot of the dynamics
15:54of the Canadian steel industry
15:56and we need to do something about it.
15:57I think the industry needs to do something about it,
15:59but frankly,
16:00the government has a role to play as well
16:02and they've been playing that role.
16:03They put in tariffs and quotas
16:05earlier in the year on foreign steel.
16:08Many in the industry are arguing that,
16:10you know, more needs to be done,
16:12that it needs to go further,
16:13but it is starting to have an effect
16:16and we continue to have conversations
16:18with the government about
16:19what's the right amount of tariffs
16:22and quotas to put on foreign steel
16:24to ensure a healthy domestic steel markets.
16:27And so, yeah,
16:27I would say that that's been a benefit to Canada,
16:30but it's still,
16:31it's been a very painful time
16:32and it's been a very hard time
16:35on the Canadian steel industry.
16:37Well, Michael Garcia,
16:38let's speak again,
16:39particularly if there's some resolution
16:41or improvement in the situation.
16:42Always nice of you to make the time, sir.
16:44Appreciate it.
16:45Thank you, Rosemary.
16:47The government is under growing pressure
16:48after the Prime Minister's return from Washington.
16:51The high stakes meeting at the Oval Office
16:53wrapped up without a deal,
16:54but there were some signs
16:55of possible cooperation.
16:57So how much progress has been made?
16:59What's next for Canada-U.S. relations?
17:01Let's bring in our Sunday Scrum.
17:02Rob Russo, a writer for The Economist,
17:04former CBC Parliamentary Bureau Chief,
17:06Sherelle Evelyn,
17:07the managing editor of The Hill Times,
17:09and Jason Marcasoff,
17:10a producer and writer for CBC News,
17:12and he's in Calgary.
17:14Rob, I'm going to start with you.
17:15It certainly,
17:16the atmosphere was good in the Oval Office,
17:19and I think that those things do matter.
17:23And Dominic LeBlanc stayed on
17:25a few more days
17:26to keep talking about steel and aluminum.
17:28But at this stage,
17:29there is nothing,
17:30nothing tangible from that meeting.
17:32And I wonder
17:33whether you think there has to be
17:35at some point here soon.
17:38Yes,
17:39but that doesn't mean
17:41that there isn't something.
17:44Here's what we know, Rosemary.
17:46We know that there is
17:48an evolving nature
17:49to the relationship
17:50between Donald Trump and Mark Carney.
17:52These guys are chalk and cheese.
17:54No one expects them
17:55to be best bros,
17:56but the Prime Minister
17:58had been urged
17:58over the last few months
17:59to develop
18:00a different kind of relationship
18:02with President Trump,
18:04where he wasn't always calling him
18:05just to complain about
18:06trade disputes,
18:08and it seems that's the case.
18:10Ahead of the meeting,
18:11the Prime Minister said
18:13that they talk about
18:13a whole bunch of things
18:14that President Trump
18:16has consulted him
18:17on international issues,
18:19and he also went on
18:22to compliment
18:22President Trump
18:24in an interview
18:25with The Economist,
18:27in which he said
18:28that the guy's very sharp,
18:29very curious,
18:30solicitous of his views,
18:32and stated the obvious
18:34in that he can change
18:35the dynamic very,
18:36very quickly
18:37on issues like Gaza,
18:39Ukraine,
18:40and international trade.
18:42So the other thing,
18:42and I think you played
18:44a role in this, Rosemary,
18:45what we saw out of this meeting
18:47is that the discussion
18:49between Canada and the US
18:50is getting broader
18:52and deeper.
18:53Your reporting on Keystone
18:55was manifest of that.
18:57So that told us
18:59that despite attempts
19:01by the Prime Minister's staff
19:02to really lowball
19:03expectations ahead
19:05of this meeting,
19:06some serious work
19:06had gone into it
19:07ahead of time,
19:08which is perfectly normal
19:09when you get a meeting
19:10like this at the summit.
19:11It wasn't just a haphazard
19:13invitation at the UN
19:14General Assembly
19:15that prompted this.
19:16Some serious work
19:17had gone into it.
19:18That field,
19:19those discussions
19:19are getting broader
19:20and deeper.
19:22The other reality is
19:23that we're probably
19:25going to have
19:25a lot of trouble
19:26with our auto industry
19:27for decades to come
19:28if this goes ahead
19:29the way it looks like it.
19:31And, you know,
19:33the awkward reality
19:34for Prime Minister Carney
19:35is he governed
19:36in campaign poetry
19:38against Donald Trump
19:40and the United States,
19:41and now he has to,
19:43he has to govern
19:45in real politic pros.
19:48And that pros is
19:49we continue to need
19:51the United States.
19:52It remains indispensable
19:53to us.
19:54Your last guess
19:55was proof positive
19:56of that.
19:57Despite the appeals
19:59of overseas diversification
20:00in our trade,
20:01the United States
20:02is hours away
20:03by rail and by truck,
20:05and it still is
20:06the most lucrative market
20:08in the world.
20:08So, Mr. Carney
20:09has to make that
20:10clear to Canadians
20:11we still need
20:12Donald Trump's America.
20:14Cheryl, Rob was referring
20:16to Keystone XL,
20:17which my understanding
20:18is was brought up as
20:20here's an area
20:21where we can work together
20:22because obviously
20:23the President
20:25and the Prime Minister
20:26see each other
20:28as competition
20:28in some sectors.
20:30And as Rob alluded to there,
20:32autos really does
20:33appear to be
20:34one of those,
20:35with Howard Lutnack
20:36telling a group
20:37of business people
20:37this week
20:38that that won't be
20:40included in a future
20:41trade deal.
20:41That is not the direction
20:42the U.S. wants to go.
20:44I mean, that is
20:44very troubling,
20:46even if Canada
20:47gets some relief
20:48on steel and aluminum
20:49tariffs.
20:51Absolutely.
20:52One of the things
20:53that we know
20:53about Donald Trump
20:55is that he loves
20:56to win.
20:57In any arena,
20:59he wants to be seen
21:00as the winner.
21:01So, if there's something
21:02that Canada
21:03can put on the table
21:05to say,
21:06hey,
21:06if we are able
21:07to work on this sector
21:09like autos,
21:11we can shift
21:12and give you something
21:13that looks like
21:14a win for you
21:15on something like
21:16Keystone XL,
21:17which he had approved
21:19and Democratic presidents
21:21tore up the permits
21:22for,
21:23cancelling the project.
21:26But in the meantime,
21:28I think domestically,
21:29it does,
21:30when you're trying
21:31to give Trump
21:31that win,
21:32it does create
21:33some under,
21:34it does create
21:35some issues
21:36at home
21:36because you have
21:38people who are worried
21:39about the environment,
21:40you have people
21:40who are worried
21:40about more deeply
21:42ingratiating ourselves
21:43into the U.S. market
21:44at a time
21:45when we're supposed
21:45to be theoretically
21:46diversifying away
21:47from that.
21:48You also have worries
21:50from within the sectors
21:51themselves
21:51and people wondering,
21:53are we being thrown
21:54under the bus here?
21:55You have automakers,
21:57you had people
21:57like Flavio Volpe
21:58kind of calling out
22:01premiers in the prairies
22:02who are now looking
22:03to China
22:04and saying,
22:05who's saying
22:05we're willing
22:06to drop tariffs
22:07as Canada drops
22:08EV tariffs
22:09and they're saying,
22:10hey,
22:10don't throw us
22:11under the bus here.
22:12We all want to work
22:14together as Team Canada
22:15and you have,
22:17you know,
22:17New Brunswick saying,
22:19you know,
22:19we're looking at
22:20waste retaliation.
22:21You have Ontario
22:22Premier Doug Ford
22:22saying,
22:23you know,
22:23we should be striking
22:24back harder
22:25and they want to be
22:26read in
22:26because they don't
22:27know what's happening.
22:28So things are starting
22:29to fracture
22:30and I think
22:30the longer it goes on,
22:31the more those fractures
22:32are going to become
22:33more apparent.
22:34Yeah,
22:34I think that's
22:35an excellent observation,
22:36Jason,
22:37that splinters
22:38are starting to appear
22:39in the Team Canada approach
22:41and when you hear
22:41the Prime Minister,
22:42as he said on Friday,
22:43that there might be
22:45a KUSMA,
22:46a new NAFTA
22:46going forward,
22:47but there might also be
22:49side deals
22:49attached to it
22:50in these particular sectors.
22:52You can see how
22:53this could get
22:54competitive
22:55and difficult
22:56for certain industries
22:57and for the government.
23:00I mean,
23:00there were two
23:01major takeaways
23:02I took from the
23:04Oval Office meeting.
23:06One was,
23:06you know,
23:07the great rapport
23:09and the two-way rapport,
23:12the two-way praise
23:13that we were...
23:13I mean,
23:14a lot of other world leaders
23:15have come to Washington
23:17to lavish praise
23:19on Donald Trump.
23:20Not often do them,
23:22especially not the Democratic leaders,
23:23get so much back
23:25as Donald Trump
23:26gave to Mark Carney.
23:27The other thing
23:28that struck me
23:29was the extent
23:30to which Donald Trump
23:31kept on referring
23:32to trade
23:32in this relationship
23:33as natural conflict
23:34in a way
23:35that you just
23:36don't hear
23:37other world leaders
23:38do.
23:40And in terms
23:41of the interprovincial
23:42differences
23:44in tone,
23:45the economic reality
23:46couldn't be more different
23:48in B.C.
23:50In New Brunswick,
23:52you have severe suffering
23:54from the lumber tariffs,
23:55perhaps more.
23:56In Ontario and Quebec,
23:57auto,
23:58steel and aluminum
23:59are really hammering
24:00their economies.
24:01In Alberta
24:02and Saskatchewan,
24:03their agricultural products
24:04and oil products
24:05are going south
24:07at the border normally,
24:08which is why
24:08Trump seems to see
24:10that product
24:11as we should
24:13integrate
24:13our North American markets
24:15in a way that
24:16for generations
24:17they were doing
24:18the same on auto.
24:20And one of the
24:21interesting things
24:22about your reporting,
24:23Rosie,
24:23on the Keystone XL pipeline
24:25is the idea
24:26that the trade-off,
24:27the win for Trump
24:28could be
24:28buying more products
24:29or Canada selling
24:31more product
24:31into the United States
24:33as opposed to,
24:34say,
24:35making concessions
24:36on other products
24:37like dairy
24:37or cultural products.
24:39I should say
24:40just because I know
24:41that some farmers watch,
24:42there is canola
24:43that is being,
24:44you know,
24:45they can't sell to China
24:46so agricultural issues
24:48remain,
24:49although they're not
24:49necessarily with the U.S.
24:50Okay,
24:51I'm out of time.
24:52I'm very sorry.
24:53But that was a very good round.
24:54You were all very,
24:55very smart.
24:56Enjoy your Thanksgiving turkey.
24:57Rob Russo,
24:58Sherelle Evelyn,
24:59Jason Markosoff.
24:59Have a good Sunday.
25:00Thanks, guys.
25:01Appreciate it.
25:02Bye-bye, y'all.
25:03Bye.
25:03Bye.
25:06Bye-bye, y'all.
25:09Bye.
25:11Bye.
25:17Bye-bye, y'all.
25:17Bye-bye, y'all.
25:23Bye.
25:34Bye.
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