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If he has nothing to hide, Carney must come clean with Canadians about his conflicts of interest
Mar 19, 2025
We're here today because Mark Carney has failed to come clean with Canadians about his financial interests and his conflicts of interest. Now we know that he's had opportunities to do that and has failed to. He hasn't answered media questions fully or honestly, and this is reminiscent for anyone who's been following Mark Carney over the last few months. ... Mark Carney has shown that in the past he's willing to take decisions that put his own profits ahead of people. ... Basic transparency requires Mark Carney to confirm to Canadians, to answer questions that have been put to him by the media about what his assets are, to confirm that he will benefit from these carried interest assets, to confirm what's in his blind trust because he knows and he's going to continue to know that when he's making and taking decisions. The basic level of transparency that's required and the right thing to do because Mark Carney says he has nothing to hide. So if he has nothing to hide, then it's very easy for him to come forward today. and to disclose to Canadians, to finally answer media's questions about what his financial interests are and what those conflicts of interests are.
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good
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morning we're here today because Mark
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Carney has failed to come clean with
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Canadians about his financial interests
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and his conflicts of interest now we
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know that he's had opportunities to do
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that and has failed to he hasn't
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answered media
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questions fully or honestly and this is
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reminiscent for anyone who's been
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following Mark Carney over the last few
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months when it comes to his responses on
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his relationship with Brookfield Asset
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Management now when asked about his
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relationship with Brookfield first of
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all he said that he had no role in
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Brookfield moving their headquarters and
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jobs from Canada to New York City but we
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know that that was a lie and when it
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comes to his connections now with
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Brookfield Mr Carney won't say what his
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financial interests are saying only that
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he's put his assets into a blind trust
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now that might work for regular
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stocks but what we have here is Mark
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carne's benefitting from assets that
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generate carried interest the $15
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billion Global transition fund the $10
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billion second Global transition fund
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and the $
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2.4 billion doll catalytic transition
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fund and I want to offer a quote from
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the CEO of Brookfield Asset Management
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put simply carried interest is our share
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of the profits realized on an entire
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fund subject to that fund exceeding a
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minimum Target return for clients if we
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meet fund expect ations we get 20% of
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the profits that's from the CEO of
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Brookfield Asset Management now why does
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that
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matter when it comes to public office
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holders like the Prime Minister and like
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ministers they're supposed to recuse
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themselves from anything that would
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cause them to be in a conflict of
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interest anywhere they could take a
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decision that would improve their
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financial interests now Mark Carney has
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shown that in the past he's willing to
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take decisions that put his own profits
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ahead of people like I just mentioned
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with the moving of brookfield's
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headquarters from Canada to New York
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City the express purpose of that was to
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increase profits for himself and when he
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was advising Justin Trudeau as the
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senior economic adviser sitting in the
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prime minister's office advising him
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when Brookfield Asset Management had
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interest in heat pumps what did he
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advise Justin Trudeau to
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do to push heat pumps and that's exactly
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what Justin Trudeau did increasing
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profits for Mark
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Carney the problem is that Mark Carney
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knows that these funds exist in fact he
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set them up so he knows exactly the
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decisions that he needs to take as prime
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minister to increase his financial
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benefit and and saying that they're in a
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in a blind trust means that he's not
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going to recuse himself from any of the
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decisions that would lead to him
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increasing the financial benefit to
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himself basic transparency requires Mark
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Carney to confirm to
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Canadians to answer questions that have
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been put to him by the media about what
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his assets are to confirm that he will
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benefit from these buried interest
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assets to confirm what's
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in his blind trust because he knows and
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he's going to continue to know
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that when he's making and taking
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decisions the basic level of
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transparency that's required and the
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right thing to do because Mark Carney
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says he has nothing to hide so if he has
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nothing to hide then it's very easy for
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him to come forward
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today and to disclose to Canadians to
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finally answer answer media's questions
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about what his financial interests are
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and what those conflicts of interests
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are because that's what Canadians expect
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thank you Mr bar is it your allegation
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that Mr Carney got into politics to get
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rich wouldn't it just make more sense
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for him to stay at Brookfield if he was
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only interested in making money I think
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Mr Carney has shown that he's willing to
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use whatever position he has to further
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his financial interest so as as chair of
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Brookfield he was also advising the
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government and Advising them to take
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decisions that improved his financial
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position when he was on the board at
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stripe we saw the same thing with stripe
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being shielded from the government when
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they were refusing to pass on
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savings to small businesses when when
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they were required to to cut their fees
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and he'll help out his friends like we
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saw with his decision uh or his
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relationship with uh with the chair or
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the owner of of telesat and the
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government taking a decision to uh to
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award uh more than a billion dollars to
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to T usat immediately after Mark Carney
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was named the senior economic adviser to
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Justin Trudeau so it seems like whatever
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position Mark Carney is in he uses it to
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improve the financial benefit to himself
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and that's why the transparency that
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we're calling for is essential what do
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you want him to do do you want him to
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give up the the this money that comes
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from the carried interest like
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concretely what would satisfy you Mr
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Carney needs to be transparent with
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Canadians now if he wants to avoid the
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conflict of interest he should divest
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and not divest into a blind trust it
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would mean that he would need to sell
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those assets not not to Forfeit those
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assets or the uh the payments that come
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from these carried interest assets to
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him but the the fact is right now when
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he's been asked asked if he is going to
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be a
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beneficiary of these funds he's refused
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to say and so first of all we need to
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know what the truth is which is always
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hard to know when you're getting answers
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from Mark Carney uh and then he needs to
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do the right thing and to avoid even the
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appearance of a conflict of interest
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look these liberals have have broken
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Canadians trust after 9 years they've
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been a government of Serial ethical law
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Breakers
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Justin Trudeau twice found guilty of
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breaking this very
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law we had Dominic LeBlanc we had Mary
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Ing we had uh the former Finance
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Minister Bill morau we had the
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Parliamentary assistant to the Prime
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Minister Greg
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Fergus they all disregarded this law and
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so we need to see from Mark Carney
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instead of non- answers full disclosure
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you think the Prime Minister should call
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an election right away
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way first of all Parliament should have
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been sitting since the last week of
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January these doors have been padlocked
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by the carne Trudeau liberals trying to
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avoid the accountability and the
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scrutiny that comes with a sitting
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Parliament so we had a performative
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scene with uh Mr Carney claiming to
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cancel a law all by himself the the
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first day that he was sworn in but
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that's not how it works here in Canada
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only Parliament can
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pass and resend
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laws and these are the kinds of things
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that should be debated and passed in
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Parliament look conservatives have
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called
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for Parliament to be sitting so that we
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could pass a plan that puts Canadians
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first to pass a big bring itome tax cut
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for Canadians to repeal the Liberals
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anti-energy laws like Bill
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c69 to tear down interprovincial trade
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barriers
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to remove
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taxes like the carbon tax permanently
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like the tax on new home construction
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but two things can be true at the same
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time if the government isn't prepared to
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pass legislation that puts Canada first
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then Canadians should decide in an
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election and so while Parliament should
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have been sitting conservatives are
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saying that if the carne Trudeau
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liberals aren't prepared to put Canada
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first by passing that legislation in the
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House of Commons
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then it's time to take that to Canadians
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in an election so you'd rather he recall
9:03
Parliament than go to an election right
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now Parliament should have been
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Parliament should be sitting so that
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that point uh needs to be crystal clear
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that Parliament should have been sitting
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since the last week of January but if if
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Mark Carney isn't going to isn't going
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to allow parliamentarians to debate uh
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laws and to pass legislation that puts
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Canadians first then Canadians need to
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vote in an election
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and uh and for and and we believe that
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they'll vote for a party that will put
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Canada first like Canada's conservatives
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can I just ask you Michael just about
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we've all seen the polls I know
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politicians don't like to comment on
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polls except for the election day one
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nonetheless the polls have narrowed
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clearly some Canadians are looking at
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the potential Prime Ministers and making
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a different Choice than they might have
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made six months ago and I wonder if you
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have some thoughts about why the
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Liberals might be back in the game is it
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because for example that Canadians don't
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know enough about the implications of
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this conflict of interest the potential
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conflict of interest or or what do what
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other things do Canadians maybe need to
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consider about Mr Carney aside from what
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you've presented today well a couple of
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things it's not surprising that the uh
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the Carney trudo liberals have tried to
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to Hide Mark Carney from questions we
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saw him not take questions for extended
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periods of time um between his the
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debates and the liberal leadership and
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the swearing in at R Hall so they've
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been they've been trying to to hide him
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they've they've avoided of course the
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scrutiny of parliament by locking
10:40
parliamentarians out of the House of
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Commons so they don't seem to want the
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scrutiny that would come with any of
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those accountability measures like
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talking to the media or dealing with
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parliamentarians when it comes to what
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Canadians are thinking you know this
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past week I've knocked on hundreds of
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doors to go back to your question on if
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if I think there should be an election
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um I've knocked on hundreds of doors
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this past week and the message that I've
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heard from Canadians is that they're uh
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they're exhausted after the last nine
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years of these carne trudo liberals
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they're finding it increasingly
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difficult to uh to get by to make ends
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meet I talked to one couple on Thursday
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evening and they described themselves as
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formerly middle class and I said when
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did that change they said about 10 years
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ago and they said they found it harder
11:30
and harder to try and make ANS meet they
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downsized they moved into their son's
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home with him and these are incredibly
11:39
difficult times now the message that
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we've shared with them our Canada first
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plan that's you know going to help uh
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increase the uh increase the prosperity
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of of Canada of Canadians by getting our
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natural resources uh to Market by of
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course um passing the tax cuts that
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we've proposed for Canadians that we
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have talked about ending the outof
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control spending and inflationary
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deficits of these liberals and and of
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course protecting Canadians who are
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terrified they're terrified with the
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chaos that they're seeing in their
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communities and and on the streets with
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our commitment to uh to have jail and
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not bail for repeat violent offenders
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this message resonates very well and so
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with the scrutiny that comes with what I
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hope will be tough questions and
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consistent pressure from the media for
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Mark Carney to answer for things like
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these these uh unknown Financial
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interests unknown conflicts of
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interest and uh because he's he's
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avoiding the accountability of the House
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of Commons The increased accountability
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that will uh come with an election you
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know Canadians are going to see that
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that Mark Carney really is just like
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Justin Trudeau you know he Mark carne's
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only complaint with something like the
13:01
carbon tax for example over over the
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last few years is that it wasn't high
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enough and so when
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when given the scrutiny when Canadians
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have the opportunity to compare a leader
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in Pierre PV who's committed to lower
13:16
taxes and to put Canada first and a
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carbon copy of Justin Trudeau in Mark
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carne uh we we look forward to uh we
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look forward to the increased scrutiny
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that he'll receive ta uh your party
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seems to be accusing uh the prime
13:29
minister of not actually getting rid of
13:31
it and raising questions about the
13:32
document that was signed on Friday
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what's your argument there so Mark
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Carney isn't able to
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unilaterally repeal legislation so this
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is the important this is this is the
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exactly and so as noted by this member
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of the media Mark Carney is not
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repealing the carbon tax and he's not
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able to do that because it's a it's
13:55
required that Parliament passes that law
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now if there was a commitment from the
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carne Trudeau liberals to to do this
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they would have done it in Parliament
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but the fact is that 100% of Mark
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carne's cabinet ministers have voted
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more than a dozen times for the carbon
14:12
tax these are the same liberals who
14:15
promised in the 2019 election that the
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carbon tax would not go up they lied
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they then promised after they raised it
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it would not go up they lied again now
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here we are on the eve of an election
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when Mark Carney needs Canadians vote
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and he's saying that he has he has uh
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zeroed the price that they've put on on
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the carbon tax but when Mark Carney
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doesn't need Canadians votes but he does
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need their money he is absolutely going
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to put the carbon tax in place and you
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don't need to take my word for it listen
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to what Mark Carney has said when he
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said that he will use what he described
14:52
as a shadow carbon price this is a guy
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who doesn't think that by taxing things
14:58
like like steel at the very time that
15:01
Donald Trump says that he's going to put
15:03
tariffs on Canadian steel that that's
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not going to be a cost that is passed on
15:07
to Consumers that that's not going to
15:09
cause an increase in prices for
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Canadians so you just need to listen to
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Mark Carney if you want to know if
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there's going to be higher prices and
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more taxes for Canadians if he were to
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be elected and of course Common Sense
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conservatives have said that we will ask
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the tax for everyone forever thank you
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very much have a great day
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