Episode Details

Today on The Really Big Show, hosts Jim Csek and Iain Burns examine Prime Minister Mark Carney’s latest campaign-style video, in which he openly describes Canada’s deep trade ties with the United States as a “weakness” and pushes to lessen dependence on the U.S. market as trade negotiations remain stalled.

The hosts contrast Carney’s rhetoric with harsh criticism from U.S. Commerce Secretary Howard Lutnick, who called Canada’s negotiating strategy “the worst I’ve ever heard.” They highlight expert warnings that Canada cannot quickly replace the two-thirds of its exports that go to the United States, and that losing preferential access under the free trade deal risks serious economic damage.

The segment also covers RBC’s report showing over $1 trillion in investment fled Canada in the last decade, inflation rising to 2.4%, and former Bank of Canada governor Stephen Poloz warning of a 30% risk of recession amid the Middle East energy shock. Discussions include U.S. approval of new pipelines carrying Alberta oil south, major oil companies shifting investment to Venezuela, and Canadian banks retreating from net-zero lending commitments due to policy uncertainty.

Additional topics include the Mersey River Wind Project receiving $206 million in public funds after private lenders refused, David Eby shelving DRIPA changes meant to protect private property rights, a petition with over 110,000 signatures calling for by-elections on floor crossings, concerns over temporary foreign workers and alledged favouritism in federal appointments.

What do you think about Mark Carney framing trade with the U.S. as a weakness? Let us know in the comments.

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