Mark Carney comments on tariff threat, timing of next federal election – February 13, 2025

00:13:50
https://www.youtube.com/watch?v=x763yuZjDmc

Summary

TLDRIn a public address, the speaker highlights the urgent need to address the housing crisis in Canada, advocating for the construction of approximately 4 million homes over the next decade. They emphasize the importance of innovative building methods like modular housing, which can accelerate construction, reduce waste, and lower costs. Additionally, the speaker discusses the implications of potential tariffs from the U.S. and stresses the importance of a robust Canadian economy. They express commitment to responsible spending of taxpayers’ money, particularly in military expenditures, while supporting Ukraine's NATO membership. Ultimately, the speaker reiterates their intention to participate actively in future elections and to champion Canadian interests.

Takeaways

  • 🏠 Urgent need for housing: Nearly 4 million homes required in Canada over the next decade.
  • 🔧 Modular housing: Innovative method to expedite construction by 20-50%.
  • ♻️ Waste reduction: Modular methods can decrease construction waste by 50%.
  • 💰 Cost efficiency: Potential for over 25% reduction in housing costs.
  • 🇨🇦 Strong Canada first: Emphasis on building a robust Canadian economy amid U.S. tariffs.
  • 🛡️ Military spending: Need to shift more defense spending to support Canadian jobs.
  • 🌍 Support for Ukraine: Commitment to Ukraine's path towards EU and NATO membership.
  • 📈 Political ambition: Speaker plans to run in the next election regardless of leadership outcomes.
  • 🤝 Federal support: Highlights the government's vital role in enabling housing innovations.

Timeline

  • 00:00:00 - 00:05:00

    The speaker addresses the housing crisis in Canada, emphasizing the urgent need to build nearly 4 million homes over the next decade. They outline federal programs, as well as provincial and municipal support, to facilitate this. Highlighting modular housing innovation from the University of British Columbia, the speaker underscores benefits such as a 20-50% increase in building speed, reduced construction waste by almost 50%, and substantial cost reductions, aiming to provide affordable housing faster and more efficiently, while promoting Canadian technology.

  • 00:05:00 - 00:13:50

    In response to a question about Ukraine, the speaker expresses pride in Canada's support for Ukraine's EU and NATO membership aspirations. They discuss the importance of wisely utilizing taxpayer dollars in defense spending, emphasizing a shift toward spending more within Canada rather than outsourcing to the U.S. They address challenges in local community acceptance of housing developments, advocating for federal government roles in supporting construction innovations and codes, while affirming their candidacy in the next election regardless of the leadership contest outcome.

Mind Map

Video Q&A

  • What is the main focus of the speaker's address?

    The speaker focuses on addressing Canada's housing crisis and the need for innovative building methods.

  • How many homes does Canada need to build over the next decade?

    Canada needs to build just under 4 million homes over the next decade.

  • What innovative construction method does the speaker discuss?

    The speaker discusses modular housing as an innovative construction method.

  • What are some benefits of modular housing mentioned?

    Benefits include speeding up construction by 20-50%, reducing waste by 50%, and cutting costs by over 25%.

  • What is the speaker's stance on U.S. tariffs?

    The speaker states that negotiations are fluid and prioritizes Canadian interests over U.S. demands.

  • What does the speaker suggest about military spending?

    The speaker suggests increasing military spending in Canada and retaining more taxpayer dollars within the country.

  • What is the speaker's approach toward the Canadian economy?

    The speaker emphasizes building a strong Canadian economy and stands firm on supporting trade relations.

  • Will the speaker run in the next election?

    Yes, the speaker commits to running in the next election regardless of the leadership outcome.

  • How does the speaker view their political future?

    The speaker expresses confidence in their ability to secure a seat and contribute positively to Canadian politics.

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Subtitles
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  • 00:00:03
    okay good morning everyone um thanks for
  • 00:00:07
    thanks for coming out wanted to come
  • 00:00:09
    here because um I think as we all know
  • 00:00:12
    uh we have a housing crisis in Canada uh
  • 00:00:15
    and we need to address it and in order
  • 00:00:17
    to address the housing crisis uh we need
  • 00:00:19
    to build a lot of homes uh just under 4
  • 00:00:22
    million homes over the course of the
  • 00:00:23
    next decade and there's a series of
  • 00:00:26
    programs that are being put in place by
  • 00:00:28
    the federal government uh support by uh
  • 00:00:30
    provinces and municipalities that are
  • 00:00:32
    going to help that uh but in order
  • 00:00:34
    really to achieve those objectives like
  • 00:00:36
    many of the changes we're going to need
  • 00:00:38
    to do in Canada uh we need Innovation uh
  • 00:00:41
    we need to build in a different way um
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    and this is an example of uh modular
  • 00:00:46
    housing uh it builds on Research that's
  • 00:00:49
    been done here at uh in Vancouver at
  • 00:00:51
    University of British Columbia uh and
  • 00:00:53
    just to put this in context um we can
  • 00:00:55
    speed up um increase speeds by 20 to 50%
  • 00:00:59
    % uh reduce waste by almost 50% in the
  • 00:01:03
    construction process uh reduce emissions
  • 00:01:06
    uh over the course of the production
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    process uh and the lifetime of the
  • 00:01:10
    building by 20% um and really get
  • 00:01:15
    housing for people uh more rapidly more
  • 00:01:18
    efficiently more cheaply again cost
  • 00:01:20
    reductions of over 25% uh and build True
  • 00:01:23
    Canadian technology that not just serves
  • 00:01:25
    uh Canadians here but ultimately serves
  • 00:01:27
    around the world at all say if
  • 00:01:48
    I'll take your
  • 00:01:52
    questions CBC uh this is for my
  • 00:01:55
    colleagues in Ottawa with Trump
  • 00:01:56
    threatening to impose tariffs on steel
  • 00:01:58
    and aluminum on March 12th your fellow
  • 00:02:01
    leadership candidate Christ freand says
  • 00:02:03
    it would not be ideal to go to the polls
  • 00:02:05
    right after your party select new leader
  • 00:02:07
    on March n what do you think well I
  • 00:02:10
    think it's a very fluid situation uh the
  • 00:02:14
    discussions with the Americans uh uh the
  • 00:02:16
    demands of uh the Americans uh change uh
  • 00:02:19
    or at least of the president uh change
  • 00:02:20
    on an almost daily basis as do the
  • 00:02:22
    timelines uh uh the government is
  • 00:02:25
    currently engaged in direct discussions
  • 00:02:27
    with the Trump Administration uh
  • 00:02:30
    you know you never take a decision
  • 00:02:31
    before you need to take a decision uh
  • 00:02:33
    and so nothing is pre-wired uh let's see
  • 00:02:35
    what the situation is in the middle of
  • 00:02:36
    March uh and do what is best for
  • 00:02:39
    Canadians and the government will do
  • 00:02:40
    what's best for Canadians uh if
  • 00:02:42
    Parliament needs to be recalled for
  • 00:02:43
    certain reasons uh it will be uh if it
  • 00:02:46
    makes sense to get a strong mandate uh
  • 00:02:49
    at that point uh that is what will
  • 00:02:51
    follow uh but make no mistake and uh I
  • 00:02:54
    think this is a message uh for the
  • 00:02:57
    United States is that Canadians
  • 00:03:00
    uh and I'm not speaking about leadership
  • 00:03:02
    uh contenders I'm not speaking about uh
  • 00:03:04
    current governments federal or
  • 00:03:05
    provincial Canadians uh are united on
  • 00:03:08
    this issue uh Canadians have a strong
  • 00:03:10
    sense of resolve uh we're going to stand
  • 00:03:13
    up collectively for Canada uh and we're
  • 00:03:15
    going to build our economy here in
  • 00:03:17
    Canada first and foremost um and uh
  • 00:03:20
    we'll see what Arrangements we come with
  • 00:03:22
    the Americans uh when we get to the
  • 00:03:24
    table and just a followup um previously
  • 00:03:26
    all leadership candidates put out a
  • 00:03:28
    joint statement on Donald Trump's
  • 00:03:30
    but in the past few days Chris Freeland
  • 00:03:32
    is back making aggressive proposals
  • 00:03:33
    about better ways to deal with Trump is
  • 00:03:36
    it constructive to have leadership
  • 00:03:37
    candidates arm check quacking the
  • 00:03:39
    government right now uh I I I'll speak
  • 00:03:42
    for myself um I'm careful in what I say
  • 00:03:46
    uh about the current status of
  • 00:03:48
    negotiations uh you will have seen you
  • 00:03:50
    may have seen I should say uh that my
  • 00:03:53
    focus uh has uh majored on what we
  • 00:03:56
    should do here in Canada uh to
  • 00:03:59
    strengthen our economy irrespective of
  • 00:04:02
    what the Americans take and uh I've a
  • 00:04:04
    lot of experience in negotiations one of
  • 00:04:06
    the most important things in
  • 00:04:07
    negotiations is that you have options uh
  • 00:04:11
    and of course a strong Canadian economy
  • 00:04:14
    is in our interest is all Canadians
  • 00:04:16
    interests we have many many uh ways to
  • 00:04:19
    do that said from the start that it's
  • 00:04:21
    time to
  • 00:04:23
    build and uh we we should do that now to
  • 00:04:27
    uh strengthen our negotiating position
  • 00:04:28
    as well in terms terms of the real time
  • 00:04:31
    negotiations uh leave that to the
  • 00:04:33
    current prime minister uh and uh and the
  • 00:04:36
    Ministers of the crown thank
  • 00:04:51
    you in Rel list the Press
  • 00:05:29
    IND
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    govern
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    Canada you know set set an examp
  • 00:06:16
    have some questions my colleages what
  • 00:06:18
    would your approach be towards the
  • 00:06:20
    Ukraine situation message Orum
  • 00:06:24
    Administration is signaling Ukraine will
  • 00:06:26
    lose its chance membership and
  • 00:06:30
    uh well we uh I'm very proud of the
  • 00:06:33
    position that the Canadian government
  • 00:06:34
    has taken uh to standing firm with uh
  • 00:06:37
    with Ukraine uh and absolutely reinforce
  • 00:06:40
    that and continue to that uh the pathway
  • 00:06:43
    for uh Ukrainian membership of the
  • 00:06:46
    European Union um and ultimately uh of
  • 00:06:49
    NATO uh is something I
  • 00:06:52
    support and your plan to reach the NATO
  • 00:06:54
    2% Target is less aggressive and
  • 00:06:56
    detailed your Rivals and won't reach the
  • 00:06:58
    target Trump needs this so I'm hoping
  • 00:07:02
    you could explain how you to reach that
  • 00:07:04
    Target how you'll spend the money to get
  • 00:07:06
    there and how you deal with Trump
  • 00:07:08
    agressive posture on Canada's failure to
  • 00:07:10
    meet the Target so I yeah thank you for
  • 00:07:12
    raising it so a couple of things one the
  • 00:07:14
    way I've framed It Is by 2030 which of
  • 00:07:17
    course means as that would be the latest
  • 00:07:19
    2030 if we can accelerate that we will
  • 00:07:23
    but two things are crucial the first is
  • 00:07:25
    these are taxpayers dollars these are
  • 00:07:28
    precious taxpayers dollars we need to
  • 00:07:29
    spend them wisely and effectively and
  • 00:07:32
    secondly in the following respect
  • 00:07:35
    currently 80% of our Capital spending or
  • 00:07:39
    you know spend in the military on
  • 00:07:41
    equipment uh Machinery other aspects uh
  • 00:07:44
    not so not non-personal expenditures
  • 00:07:46
    goes to the United States okay goes to
  • 00:07:48
    the United States contracts with the
  • 00:07:49
    United States the existing relationship
  • 00:07:51
    with the United States we need to spend
  • 00:07:52
    more of that money here in Canada we
  • 00:07:54
    need to be ready to spend that money
  • 00:07:56
    here in Canada if we can accelerate that
  • 00:07:58
    spend more of an Canada securing Canada
  • 00:08:02
    building Canadian jobs we absolutely
  • 00:08:04
    will do that I'm not going to make a
  • 00:08:05
    promise in advance without going into
  • 00:08:08
    detail and I I don't see a great deal of
  • 00:08:11
    detail in those other uh those other
  • 00:08:13
    accelerated timelines I'm not going to
  • 00:08:14
    make a promise in advance uh that either
  • 00:08:17
    runs the risk of wasting Canadian
  • 00:08:19
    taxpayers dollars or sending those
  • 00:08:22
    taxpayer dollars to the country that is
  • 00:08:25
    currently threatening us
  • 00:08:30
    you
  • 00:08:36
    talk this was opposed by people in the
  • 00:08:39
    area when it was beinged yeah well
  • 00:08:42
    there's so there's a a series of issues
  • 00:08:44
    uh there Monica one is in terms of how
  • 00:08:47
    we build uh in our communities and
  • 00:08:49
    issues around densification and uh and
  • 00:08:52
    social acceptance of that and of course
  • 00:08:54
    uh those uh issues are first and
  • 00:08:56
    foremost responsibilities of local uh
  • 00:08:58
    local government ments and
  • 00:08:59
    representatives uh stakeholder groups
  • 00:09:01
    Community groups and coming together I
  • 00:09:03
    think there's a broader recognition for
  • 00:09:06
    within the country of the value of
  • 00:09:08
    densification appropriately done um and
  • 00:09:11
    the various Federal programs that uh is
  • 00:09:13
    supporting that so I I'll address that
  • 00:09:15
    aspect of it but of course the decisions
  • 00:09:17
    in the end are taken by are taken by the
  • 00:09:20
    communities as they should be um in
  • 00:09:23
    terms of what uh what we're highlighting
  • 00:09:25
    here but then what does it mean we're
  • 00:09:27
    highlighting uh the value of this type
  • 00:09:30
    of construction Innovation more modular
  • 00:09:32
    housing as I said at the outset but I
  • 00:09:34
    really want to reinforce we're talking
  • 00:09:36
    about 25 to 50% acceleration in the
  • 00:09:39
    speed with which the homes can be built
  • 00:09:41
    we're talking about reducing waste by up
  • 00:09:43
    to 50% there's a huge amount of waste in
  • 00:09:45
    construction uh and and that's uh not
  • 00:09:48
    unique to Canada but it's an issue in
  • 00:09:49
    Canada it's one we should address we're
  • 00:09:51
    talking about reducing costs by 25% we
  • 00:09:53
    have a huge problem with affordability
  • 00:09:55
    if we can strip out 25% of the cost of
  • 00:09:57
    homes it's going to be make it easier
  • 00:09:59
    for young Canadian families to get those
  • 00:10:01
    homes uh more people into proper housing
  • 00:10:03
    decent housing so all of those benefits
  • 00:10:05
    are there now what is the role of the
  • 00:10:07
    Federal Government in that it's a role
  • 00:10:09
    partly as a partner it and it can do
  • 00:10:12
    several things some of these are in
  • 00:10:13
    train some of them my government would
  • 00:10:15
    reinforce um one is around building
  • 00:10:17
    codes um so when you come up with new
  • 00:10:19
    Innovations you have to make sure that
  • 00:10:21
    uh uh that they meet certain code
  • 00:10:23
    standards uh that for example Federal
  • 00:10:26
    Financing through something called cmhc
  • 00:10:28
    which you would know um uh that that
  • 00:10:29
    financing is available um and so
  • 00:10:32
    accelerating the speed with which we set
  • 00:10:35
    as the federal government the range of
  • 00:10:36
    codes the range of structures that we
  • 00:10:39
    will finance and support through various
  • 00:10:41
    Federal programs that's a huge role uh
  • 00:10:43
    for the federal government another point
  • 00:10:45
    I'd make and I just came from the um uh
  • 00:10:48
    the uh The Faculty of applied
  • 00:10:50
    engineering at UBC and their uh smart
  • 00:10:53
    structures lab volumetric uh structures
  • 00:10:56
    um some of that is supported through
  • 00:10:58
    Federal res resarch funding um so
  • 00:11:00
    providing that Federal research funding
  • 00:11:02
    and then taking the next stage in terms
  • 00:11:04
    of commercialization and tax credits and
  • 00:11:06
    others that promote that
  • 00:11:08
    commercialization that provide the
  • 00:11:10
    incentives and also provide support for
  • 00:11:13
    those who are building and if I just
  • 00:11:14
    wrap all of this together uh said from
  • 00:11:17
    the outset for the country uh this is a
  • 00:11:20
    time to build it's directly relevant to
  • 00:11:23
    the uh to the uh tariff response uh to
  • 00:11:26
    the United States we don't need the
  • 00:11:28
    United States permission to build more
  • 00:11:30
    housing we need uh support from the
  • 00:11:32
    federal government uh both in terms of
  • 00:11:35
    uh of the tax incentives uh support for
  • 00:11:38
    building codes support for financing of
  • 00:11:40
    individuals and to drive this this can
  • 00:11:42
    be one of the big motors of our economy
  • 00:11:45
    um and uh and my government will
  • 00:11:47
    absolutely stand for square behind it
  • 00:11:49
    last question also wondering you said
  • 00:11:52
    running you have to run in the next
  • 00:11:54
    election regardless of how this
  • 00:11:55
    leadership goes wondering do you know
  • 00:11:59
    running in and if you don't get know
  • 00:12:01
    would you commit to not parachuting into
  • 00:12:03
    a what's deed a writing that you might
  • 00:12:06
    have little I'm not paring too uh the um
  • 00:12:10
    okay so I will run in the next election
  • 00:12:12
    irrespective uh just to be absolutely
  • 00:12:14
    clear um I irrespective of the outcome
  • 00:12:16
    of the leadership uh election uh I would
  • 00:12:19
    hope to win that seat so irrespective of
  • 00:12:21
    what happens in the general election I
  • 00:12:23
    will serve my entire term as an MP uh if
  • 00:12:26
    I am elected if I'm given the confidence
  • 00:12:28
    uh of the voters wherever I run uh I'm I
  • 00:12:31
    am a politician I'm running for uh
  • 00:12:34
    running for the leadership I will run uh
  • 00:12:36
    to uh be selected as a candidate um and
  • 00:12:39
    I would just make the following
  • 00:12:41
    observation uh which is that what is
  • 00:12:43
    happening is Canadians are listening to
  • 00:12:45
    the message that we're sending out a
  • 00:12:47
    positive message about building the
  • 00:12:49
    economy moving forward message standing
  • 00:12:51
    up for uh to the Americans getting the
  • 00:12:53
    best deal for Canada uh but also
  • 00:12:55
    changing our trading partners building
  • 00:12:56
    one Canadian economy is that more and
  • 00:12:59
    more seats are becoming attractive um in
  • 00:13:02
    other words uh Canadians are rallying
  • 00:13:05
    behind the liberal party uh that gives
  • 00:13:07
    us a tremendous responsibility uh in
  • 00:13:09
    order to deliver uh to them and I'm I
  • 00:13:11
    look forward to standing uh in the
  • 00:13:13
    location that's appropriate where
  • 00:13:15
    appropriate I have ties I maybe I'll
  • 00:13:17
    just say one more thing which is um I
  • 00:13:20
    have many ties uh in this country I grew
  • 00:13:23
    up in Alberta I was born in the north uh
  • 00:13:25
    my parents are from uh British Columbia
  • 00:13:28
    uh my family good part of my family
  • 00:13:30
    lives there I lived in Toronto I live in
  • 00:13:31
    Ottawa uh you know I have many uh many
  • 00:13:34
    ties uh and obviously I would be a local
  • 00:13:37
    MP but also uh my intention is to win
  • 00:13:40
    this uh leadership to become Prime
  • 00:13:42
    Minister and to represent all Canadians
  • 00:13:44
    thank you very
  • 00:13:45
    much okay come that way
Tags
  • housing crisis
  • modular housing
  • Canada
  • construction innovation
  • tariffs
  • U.S. relations
  • military spending
  • NATO
  • Ukrainian support
  • economic development