'We Continue To Press With...': Mark Carney Delivers Stark Message After Trump Comments On CUSMA

[0:00] Housing is not a commodity. There are different structures in different markets and markets in [0:04] different places of their evolution and that's why in designing you work with the province and [0:12] the province works locally and that's why you see all the individuals up here because they're [0:15] representing that. As a follow-up I'd like to hear more about converting empty condos into homes for [0:21] people. Does that involve the government buying extra stock from developers and then renting [0:26] those out or reselling them? Are there details you can give us on that? You have two things. I mean [0:32] there's different models and we'll work through the modalities and bring it out in the fall is [0:37] what I said in French. But you can do both and my view experts will design it but one would look to [0:49] do both. Effectively though what you're doing is buying them at a price spreading out the financing [0:56] because you can do that the financing of the underlying condom at our financing rate but [1:02] targeting targeting at a level that is affordable. So and it it it is a way to clear off on on on the [1:12] books of this this overhang. Next question. Hi my name is Rob Buffum. I work at CTV and my [1:18] questions for the Prime Minister. So on behalf of a colleague and it relates to Kuzma. President Trump [1:23] as you'll know has made a range of comments on how he feels about Kuzma including yesterday talking [1:27] about his preference for terminating immediately. I guess they want to know you've obviously been in [1:33] frequent conversation with the president. What are your thoughts as to whether he actually wants to [1:37] see it extended for 16 years, keep it for 10 or get rid of it right away? Well I think. And I'd [1:42] welcome a prediction on today's game. Prediction on today's game. Well okay let me start with the [1:48] easy one. First off I think today's game I think it's going to be a great game. I think it's going [1:53] to be a great match because they're you know the Qataris are they're a good side. We saw it against [1:59] Switzerland. It wasn't just the late goal but the way they were organized and they're tough at the [2:03] back. Canada's I mean it's a it's an exciting team. It's an attacking team. You know Alphonso Davies is [2:10] going to be back suited up. He's on the bench you know are recovering from injuries so we've got a lot [2:14] of options. We're great at the back. We've got a great keeper. So I think it's going to be great. [2:19] The atmosphere is going to be unbelievable in BC Place. The atmosphere on Granville. The atmosphere [2:25] around here. The atmosphere everywhere is unbelievable. You can feel it in the city. So it's going to be a [2:30] great game and I can't remember what the first part of your question was about. Does Trump want to get [2:35] rid of it right away? I know. No look I think look as you say I had a number of conversation with the [2:42] president in parallel in the last few days at the G7 on a range of issues including some of the [2:47] commercial aspects. The but you know there were very detailed a series of technical conversations [2:54] that slightly diminishes them. I just call it that way but Minister LeBlanc who's responsible for this [3:00] our chief negotiator Ambassador Greer who is the U.S. trade representative. We continue to work through [3:07] a number of issues which are all related. And all related and what I'll refer to is let me take [3:14] Ambassador Greer's testimony to Congress on a variety of occasions. In effect the the underlying [3:22] structure of Kuzma is has been preserved. It continues to operate for 85 percent of our our exports. [3:31] It without any action it will remain in place for the next decade. There's an opportunity to extend [3:40] it. There's always been the opportunity for any of the parties to cancel it with six months notice. [3:46] It's no secret the president in recent years has not been the biggest fan of of Kuzma or other [3:53] other trade deals. But there are specific things that we can work together on. And including I'll just put [3:59] on the table since we're in British Columbia and we're talking housing on forest products which we [4:04] continue to press with the Americans. Thank you. Next my follow-ups for Premier Eby. Premier Eby there [4:11] was a poll out yesterday you'll be aware of from Angus Reid that showed your party trailing the [4:15] Conservatives by 11 percent and people are dissatisfied with things ranging from affordability to housing [4:21] to health care. The the latest cost estimate for FIFA is ranges up to 729 million dollars. How important for [4:29] you is it that this thing goes off successfully? How much is invested in terms of your your government [4:36] with people catching FIFA fever and probably fueled by a wind today from Canada? Well the priorities for [4:43] British Columbians are what we're talking about here today. It's affordable housing. It's affordability [4:48] generally. It's strong public services, health care, transit and it's jobs and opportunity. It's what we're [4:58] working with the federal government on all the time. I sure hope Canada wins. But in terms of the [5:03] election two years from now what are people going to be looking at? It's like do I see an opportunity [5:08] for myself to get into the housing market as a young person? Do I see a future for myself in the [5:12] province? Do I have opportunities for high paid jobs to deal with affordability issues? Has the government [5:18] been working where they can to drive down hydro rates, car insurance rates and what are the proposals of [5:21] the other party? The key for any poll especially right now is that a very large number of people [5:30] are undecided. They are looking for governments to deliver on their priorities. That's what our [5:36] government will be focused on for the next two years and then the ultimate poll will take place [5:41] which is the election and the Prime Minister himself will tell you that the certainty of the media and [5:47] pollsters in the lead up to an election is not necessarily a predictor of the outcome of any [5:51] election. Next question question. Michelle Gassoub, CBC. Two questions for the Prime Minister from [5:58] colleagues in Ottawa. Was a foreign entity involved in a criminal for hire network that is behind [6:04] shootings at Toronto synagogues and the U.S. consulate? I won't comment on specific investigations [6:13] underway. Follow up. And you recently said the American and Israeli military action against Iran [6:18] was worth it. Do you believe that military action was necessary to get the deal that the U.S. and Iran [6:24] now have? I think as I said in recent days that I welcome the deal that President Trump has negotiated [6:31] and I want to particularly today acknowledge the leading role that His Highness Amir the Amir [6:41] Amir and his Prime Minister, Prime Minister Al-Tani played in helping to bring this conflict to an [6:48] end or create the possibility with this agreement to an end. And we had extensive discussions about [6:55] the agreement with the Amir, with His Highness Sheikh Mohammed of the United Arab Emirates, with President [7:03] Al-Sisi with other players in the region and beyond. And what's important now is to make this work [7:13] because what it does is it creates more than a framework, but it creates a foundation to achieve [7:20] peace. And what's necessary for that peace is a few items that I'm just going to underscore. The first [7:26] is why this all started, which is ensuring that Iran does not acquire a nuclear weapon. [7:33] That is at the heart of this agreement. It's all anchored in and around that. There is a [7:39] exceptionally broad coalition of countries now that are dedicated to that in the region, [7:45] beyond the region, and Canada fully supports that. We supported that objective from the start. [7:52] Secondly, that the broader aspects of this conflict, particularly in Lebanon, are addressed. It is [7:59] part of the agreement. Thirdly, that the financial elements and other elements of the agreement [8:07] are performance-based, so that there's no automaticity to them. It's actually progress [8:14] with respect to the strait and with respect to denuclearization. And fourthly, and this is crucial, [8:20] and I'm going to underscore this. You will see it in the joint statement of G7 leaders that came out in [8:25] the last 24 hours, that we take the broader opportunities that are created by this agreement. [8:30] Let me be very specific. You saw G7 come together and reinforce the intention for actual Canada did on [8:38] the day, but also the intent of further sanctions on Russia to end the senseless slaughter in Ukraine. [8:46] The resolve there has been redoubled and broadened, including the economic sanctions there, because, [8:55] in part for some, because of the stabilization in oil markets and others, and also the broader [9:03] efforts for broader peace in the Middle East, very much including Gaza and the West Bank. Thank you. [9:08] Next question. [9:09] Kurt Black, City News. Also a question for the Prime Minister. [9:13] I'm glad you brought up the G7. The leaders there were quite favourable about the role that Canada [9:18] could play in providing energy supplies to the global market. Some analysts, though, have been kind [9:24] of sceptical on whether just one new pipeline to the West Coast, an oil pipeline, would be enough to [9:29] keep up with demand. Is your government hoping to build more pipelines than the one that's being [9:35] discussed with Alberta? [9:36] So, thank you for raising that question, because, look, it was significant. [9:41] And let me give the quick context and answer your question directly. The first is that you [9:47] always need to apply the lessons of a crisis, certainly a war, a conflict. One of the lessons [9:52] of this conflict is, might have been obvious to some going into it, but it's certainly obvious to everyone [9:58] now, of the extreme risk created by the concentration and the risks of the Strait of Hormuz. There's a need to [10:04] diversify energy infrastructure in that region itself. I won't go into all the details, but there was [10:11] discussions of multiple pipelines and new energy infrastructure in that region so that the export [10:19] in future would not be 100 percent dependent on the Strait of Hormuz and a very serious part. And within [10:25] that context, the G7 and the broader partnership recognized the very considerable contribution [10:31] that Canada and British Columbia can and is and will make to energy diversification. Why do I say that? [10:40] Yes, there's discussion, as you know, of a coastal pipeline and expansion of TMX, two important [10:46] contributors, but LNG, two silasins, wood fiber. I mean, these extraordinary projects that only Canada [10:56] and I would say only Canada and British Columbia can can do, which are Indigenous partnerships, low [11:04] carbon LNG trains. So in other words, the actual liquefaction in that process is best in class, top [11:12] quartile, top decile, in some cases, ultimately net zero. And that's supplying energy to Asia. But as we've [11:19] seen in the last few weeks with the German deals, UNIPUR beyond the three megatons that have been signed [11:27] for SILISM, also to Europe. So there's an acknowledgement of all of that diversification. Last point. [11:35] There's also acknowledgement, not in that sentence, but in the discussions, that we have an opportunity [11:40] to double our clean grid in this country. Clean power grid. Of course, I'm in British Columbia, [11:45] where hydro has played such a crucial role, but we have other assets across the country. And in doing so, [11:51] we can be a clean power supplier, first and foremost for Canadians in an affordable way, [11:56] but also for manufacturing, for artificial intelligence, if that's appropriate. And that [12:01] is a huge contribution to the world going forward. So yes, we have that opportunity. And I'm pleased that [12:06] we're working together on the clean power side. Think of the Northwest Conservation Corridor, [12:13] the NCTL transmission line, there's one example there. We're working in a way that for conventional [12:21] energy is low as carbon as well. So thank you.