Canada PM Brings the House Down in Fight Against Trump

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2:41Ben Meiselas:what true leadership is as he brings the house down and stands up against Donald Trump and this Trump regime. So Prime Minister Carney was delivering this speech in advance of the federal budget, which is set to be tabled on November 4th. And Prime Minister Carney says that almost felt like a State of the Union address for those watching in the United States and other places. And he was like, this is a hinge moment in our history as Canadians, and that we're all being called upon right now in this moment to work together and to keep Canada strong and to propel Canada into a successful future. Here, watch this.

3:21And I've learned a few things since I graduated, and I've increasingly understood this point that, you know, life doesn't proceed in a straight line and that the history and the progress of nations are punctuated by hinge moments, times when the future literally hangs in the balance and when our actions can be decisive.

3:44Ben Meiselas:Then Prime Minister Carney talks about the changes that are taking place and he contrasts the changes that he experienced when he was coming out of university to what university students are seeing now. He talked about how when he was coming out of university, there were massive changes and the world was moving towards democracy. Now you see the forces swinging in the opposite direction and Canadians are being called upon to stand up against these authoritarian forces, against the fascism that you see in the United States and elsewhere. Watch this powerful moment here. Play this clip. The world is more dangerous and divided.

4:23The U.S., as we all know, has fundamentally changed its approach to trade. is raising its tariffs to levels last seen during the Great Depression. And the scale and the speed of these developments are not part of a smooth transition. They're a rupture. And they mean that our economic strategy needs to change dramatically. And they mean as well, even though we both live through times of immense change, your future will not be the same as my past. Because my time as a student was marked by events of a similar magnitude, but in a very different direction. When I was your age, the Berlin Wall fell, leading to a long period of liberalization of the movement of goods, capital, and people, leading to a peace dividend.

5:21Ben Meiselas:Now, Prime Minister Carney says, let's be real here. The relationship with the United States is never going to be the same ever. Say goodbye to the relationship with the United States that Canada had in the past and relied on. That's never coming back. Watch what he says here. Play this clip. Because of these advantages, over decades, our economy grew steadily more integrated with the United States through the Free Trade Agreement of the 1980s, the NAFTA Accord of the 1990s, and eventually USMCA agreement signed in 2018. Canada's trade increased by over 400 % during that period and our economy doubled in size.

6:06But this process, this decades-long process of an ever closer economic relationship with the United States is now over. And as a consequence, many of our former strengths as a country, former strengths more particularly as our economy, strengths based on close ties to America have become our vulnerabilities. And as a result of that, the jobs of workers in our industries most affected by the U.S. tariffs in autos and steel and lumber are under threat. And our businesses are holding back investments restrained by the pall of uncertainty that's hanging over all of us. Our relationship with the United States will never again be the same as it was, even though in this new world of protectionism, we have the best trade deal of any other country, and we're working to make it even better still.

7:09Now, at the same time that all of this is happening, technology is changing the way we work, live and communicate. When I was in graduate school, the World Wide Web, as we then called it, that was the modern term of the information superhighway, if you ever heard of that. The World Wide Web, as we then called it, was just beginning. We used pen and paper in class. we talked on the telephone to each other and we talked about the same news stories, the same movies, the same bands. My generation was connected by wires, yours is connected by code, and yet our society today is becoming ever more disconnected.

7:52Our public square is fragmented by online echo chambers, where truth and fiction can be hard to tell apart and where contrasting ideas tend to polarize, not persuade. Now, in the context of all this, as Canadians, we have relearned some key lessons over the course of the past year. First, we have to take care of ourselves because we can't rely on one foreign partner. We have to take care of each other because we are stronger together. And we've learned that now is not the time to be cautious because fortune favors the bold.

8:36Ben Meiselas:But Prime Minister Carney says that one of the most important things that Canada has and that it leads with, not just its economic strength and not just, you know, its military strength or anything like that. He goes, it's the values and the principles that we stand for in Canada. And because we stand for these values and principles and we know who we are, that's what makes us stronger across the board. Here, play this clip. Our government has the fiscal capacity to act decisively. And we must draw on these strengths now. Our second advantage is that Canada has the values to which the world aspires.

9:21Canada has always been and we always will be committed to fundamental human rights, to human dignity, and to individual freedom. We are a pluralistic society. Our cities are the most diverse in the world, places where people bring the best of their cultures.

9:45Ben Meiselas:You know, and as I'm watching the speech to our American audience here, I think this is what a leader sounds like, right? This is by the way, this is kind of what California Governor Gavin Newsom sounds like here in some of our Democratic governors here in the United States. But the contrast between this speech by Prime Minister Carney and the speeches you see from Donald Trump, I mean, it couldn't be more different, right? It's one of the reasons I want to share this with you when you don't really see this on any other channels out there. This is why this is important viewing right here. And, you know, no American media covers this other than the Midas Touch Network.

10:19Ben Meiselas:Then Prime Minister Carney talks about, look, in Canada, we built, we explored. We need to bring that spirit back again. Let's play this clip. We used to build things in this country. We can build again. We used to explore this country. We can chart new courses again. We used to take big, bold risks in this country. It is time to swing for the fences again.

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12:40Ben Meiselas:Canada needs to make its own weaponry. Canada needs to make its own, have its own steel production, its own manufacturing. Powerful moment of the speech. Play this clip. Our strategy will recognize that in today's global economy, we have to build sustainably. It's not just a moral duty, it's also an economic imperative. It is a moral duty, but it's an economic imperative. Now, above all, we will build Canadian. The new security threats the world is bringing to our shores means we're making the biggest investments in our military in generations. But up until now, more than 70 cents of every dollar of military spending, military capital expending by our government goes to the United States.

13:31With our new defense investment agency, we will make sure we build more of our security and defense capabilities here at home, creating new careers in aerospace and shipbuilding and cyber and AI for Canadian engineers, technicians and scientists. It's the same thing in steel. Consider that while 80 % of the steel that Europe buys is manufactured in Europe, 75 % of the steel that the US buys is manufactured in the US, only 40 % of the steel that we use is made here. That doesn't make sense. Not when we have the people, the resources and the companies to build right here in Canada. So our upcoming budget will move forward with our Buy Canadian policy.

14:17prioritizing Canadian steel, aluminum, lumber, manufactured good, and technology for Canadian projects. And with new orders for homes, infrastructure, and defense equipment becoming orders for Canadian suppliers, we will be our own best customer. So the welder who's working on a contract in St. John's can get a full-time job. More from Prime Minister Carney right here. Now, our partners around the world are already taking note of new Canadian ambition. Last month, we signed a historic free trade deal with Indonesia, the world's fourth largest country by population. We've just signed foundational agreements with the United Arab Emirates in AI and with the EU in defense and trade and with Germany in critical minerals.

15:03We're re-engaging with global giants India and China while we deepen our partnerships with our traditional allies. And to build on this momentum, I'm going to put it in context. Our goal for Canada is to double our non-U.S. exports over the course of the next decade, generating more than$300 billion more in trade. And that's new orders for Canadian resources, technologies, and expertise. Now, you spoke of protection and building, you move to empowering. each of this of you in this room and in the uh overflow room uh each of you is here to get an education that you need to go out and build the future that you want to be empowered with a better shot at the life you want for yourself and your family we will keep building a country where more people have more of those opportunities and then prime minister carney talks about and he says you

16:05Ben Meiselas:know, this is the central banker in me here, he says also, but he says, you know, there is a moment in a time here for sacrifice. And we have to recognize that this isn't going to be an easy time. I mean, the changes and transformations that we're seeing as a result of the United States becoming weaker and weaker is going to have an impact on Canada. But a theme he returns to over and over again in this speech is that fortune in the future favors the bold and that Canada right now needs to be bold in the moves that it makes while also leading with its principles and values. Here, play this clip.

16:41Now, we need to be clear-eyed about where we stand today so we can build for tomorrow. Let me give the current economic context. I'm channeling my old central banker days here. Look, the situation in Canada now, the actual situation is that the rate of inflation has come down. It's come down sharply. But it's also the case that the cost of living is still far too high. It's also the situation in Canada right now that we're building a lot more homes. Housing starts are up this year. And affordability of those houses are improving. But it's still challenging. We need to build many, many more homes, and we need to build them a lot faster.

17:28This government is getting immigration under control, with asylum claims down by a third and new temporary foreign workers down by more than 70 % this year. To match immigration levels with our needs and our capacity to welcome them, this budget will include Canada's new immigration plan to do better for newcomers and for everyone. It's also the fact that in this economy we are creating jobs as a whole across it. And it is a fact that we are forecast to be the second fastest growing economy in the G7 over the course of the next two years, even though some critical sectors I mentioned earlier, autos, steel, lumber, forest products, aluminum, and some regions are facing big, big pressures.

18:18So the facts are that at present, despite everything, despite these big changes, our economy is holding up. But it's equally true that if we don't act now, these pressures will only grow. And more fundamentally, our goal is not just to do reasonably well, but to grow stronger than the rest of the G7. And as we work to do so, I want to make this promise to Canadians. I will always be straight, but the challenges that we face and the choices that we must make.

18:55Ben Meiselas:And then here's the kind of the final clip of this speech from Prime Minister Carney with a standing ovation. Here, play this clip. And to finish, because we're all in this together, I ask you to get involved. The fact you're here this evening, you're doing many other things, shows that you're interested in being involved. Get involved. Look out for each other. Look after each other. I know from the history that I read in university and the history that I've lived since graduating, that fortune truly does favor the bold. And the hinge of fate will turn on what Canada does right now. We're going to have to change how we do some things.

19:35But we will never change who we are. this moment has revealed yes the limits to our economic independence limits that we must tackle head-on and we will but more importantly what it's revealed is a nation that's more determined generous hard-working compassionate and ambitious than any other on earth we are canada strong canada fall vive le canada

20:08Ben Meiselas:I told you a very, very powerful speech right there. One of the most powerful that I've seen across the board, any country, you name it. That's what a leader looks like right there. In any event, everybody hit subscribe, shout out to the Maple Midas and everybody who wants to subscribe to the Midas Canada YouTube channel run by Charlie Angus. Just search Midas Canada or Charlie Angus YouTube Midas Canada and subscribe. Thanks everybody for watching and have a great one. New Midas merch. Head to store.midastouch.com today and get yourself the best pro-democracy gear and show your support. That's store.midastouch.com.

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