Friday, July 10, 2026

MUST KNOW Spending A Lot Of Carney’s Remark Canada News

 Spending A Lot Of Time With Donald Trump’: Carney’s Viral Remark Sparks Laughter | Canada News         

https://www.youtube.com/watch?v=IPuBY0AuBhE 

 

Canadian Prime Minister Mark Carney went viral after responding to a reporter’s joke about spending time with Donald Trump during questions on Canada-US trade negotiations in Jeddah. The lighthearted exchange quickly gained attention online as Carney addressed bilateral ties, trade talks, and diplomatic relations following the NATO summit and his visit to Saudi Arabia.

 TRANSCRIPT 

3 seconds
take your questions. Look forward to your questions. I just uh say a few words about what's been going on uh this week. Another busy week. Uh good week
12 seconds
for Canada. And I just say a few words about what we've been building uh building defense
18 seconds
capabilities at home, building trust and partnerships with our allies, and building new opportunities here in Saudi
26 seconds
Arabia. On Monday in Halifax, we announced the largest defense procurement in Canadian history. And we're now in the process, beginning the
35 seconds
process of negotiating up to 12 state-of-the-art submarines from TKMS.
40 seconds
This is historic not just for the new capability that we're going to deliver to Canadian submariners, but also for
47 seconds
the speed and ambition, the efficiency, and the impact uh of the procurement process. We received reviewed um and
55 seconds
selected bids in less than a year, five years ahead of the original schedule.
1 minute
And that's uh you know that's a change to process. I know it sounds wonky and boring, but it's an important change to process. The defense industrial strategy in action.
1 minute, 20 seconds
Not Canada.
1 minute, 50 seconds
Breeze glass.
1 minute, 56 seconds
The generational investments we're making in the Canadian Armed Forces meant that on Tuesday for the first time in 40 years, nearly 40 years, Canada
2 minutes, 5 seconds
arrived at a NATO summit with our defense investments and capacity on a clear upward trajectory. Already hit
2 minutes, 12 seconds
NATO's 2% target. We're on a clear path to 5% by 2035, which is the NATO objective. We arrived in Ankura as a
2 minutes, 21 seconds
stronger, more capable member of the alliance. At the summit, I met with President Erdogan, where we agreed to launch negotiations on a new free trade
2 minutes, 30 seconds
agreement with Turkey, a trade agreement that can unlock billions in trades between our two countries. We signed new
2 minutes, 37 seconds
defense contracts that will grow our industrial base and jobs at home in Canada. We agreed to open negotiations
2 minutes, 44 seconds
to join NATO's innovation sub fund and announced that Canada will host NATO's 2027 industry forum, a sign of our
2 minutes, 53 seconds
ambition in building jobs and growth here at home.
2 minutes, 59 seconds
As we build our strength at home, we're also deploying it abroad. In Ankura, we announced that Canada will extend
3 minutes, 7 seconds
Operation Reassurance to 2031. And that's the Canadian-led Brigade in Latafia. It's our largest overseas
3 minutes, 16 seconds
mission and we're increasing it, deploying more personnel for a total ground presence of about 2,600. That's
3 minutes, 23 seconds
Canadian soldiers joined by 15 other nations of the NATO alliance.
3 minutes, 30 seconds
Canada will now stand as the third framework nation of a multinational division north alongside Latvia and
3 minutes, 37 seconds
Denmark taking even greater responsibility for NATO's eastern flank.
3 minutes, 54 seconds
security precedes
4 minutes, 20 seconds
potential.
4 minutes, 24 seconds
could not
4 minutes, 41 seconds
party.
4 minutes, 55 seconds
I also held a series of bilateral meetings including with the NATO Secretary General, leaders from over a
5 minutes, 2 seconds
dozen countries. So through new investments, through deeper industrial and defense partnerships, strengthened
5 minutes, 9 seconds
support for Ukraine, expanded role in reinforcing NATO's eastern flank, Canada's delivering on our commitments and helping to build a stronger and more secure NATO.
5 minutes, 20 seconds
Here today in Jedha, we are building partnerships with the Kingdom of Saudi Arabia, harnessing the ambitions of our
5 minutes, 27 seconds
nations to catalyze greater security, prosperity, and opportunity for both our peoples.
5 minutes, 33 seconds
We signed uh Canadian I should say Canadian and Saudi businesses have signed 13 new commercial agreements across education, critical minerals and
5 minutes, 42 seconds
mining, energy, infrastructure, security, artificial intelligence. In education, agreements to train workers
5 minutes, 49 seconds
in some of the kingdom's most dynamic industries, building the skills that will power its next decade of growth. In critical minerals and mining, new
5 minutes, 57 seconds
Canadian engineering partnerships are working on some of the most ambitious mining projects here, unlocking over $2
6 minutes, 6 seconds
trillion of mineral wealth. In energy and infrastructure, Canadian expertise is supporting roads, rails, and urban
6 minutes, 13 seconds
development across the kingdom along with clean building technologies that help it build sustainably. And in defense and security, new training
6 minutes, 22 seconds
partnerships support the kingdom's efforts to build domestic aviation and defense industry capabilities.
6 minutes, 30 seconds
Artificial intelligence, Canadian AI, and health technology partnerships are helping to transform patient monitoring,
6 minutes, 36 seconds
diagnostics, and surgical care. We're aiming to conclude negotiations with Saudi Arabia for a foreign investment
6 minutes, 45 seconds
promotion and protection agreement by the first quarter of next year. Canada's Minister of Finance, who's here, intends
6 minutes, 53 seconds
to lead a delegation of Canadian pension funds and their $2 trillion of capital to visit the kingdom in coming months to inventify new investment opportunities.
7 minutes, 2 seconds
and Saudi Arabia's public investment fund will visit Canada in the fall attending our Canada Investment Summit
7 minutes, 10 seconds
which showcase some of our transformative projects. Canada is also announcing that we will participate in Expo 2030 here in Saudi bringing
7 minutes, 19 seconds
Canadian projects expertise showcasing the best of Canada at what will be a landmark event.
7 minutes, 26 seconds
I would like to thank his royal highness, the crown prince and the prime minister of Saudi Arabia for his hospitality and for our rich discussions this afternoon.
7 minutes, 39 seconds
Canada and Saudi Arabia have growing cooperation across key sectors, some of which I've referenced, but also want to
7 minutes, 47 seconds
recognize the kingdom's broader efforts to promote regional stability and security.
7 minutes, 54 seconds
So, in four days, in three countries, we've worked to build our strength, to build trust with our allies, to build a
8 minutes, 1 second
new partnership with the world. In this time of uncertainty, we're choosing to act. We're choosing to build Canada strong.
8 minutes, 9 seconds
And with that, I look forward to your questions. Uh, first question.
8 minutes, 20 seconds
uh prime minister previous government uh had their spoke about their differences with Saudi Arabia publicly in in many
8 minutes, 28 seconds
ways if I understand you correctly um for instance on human rights you can have differences and discussions behind
8 minutes, 34 seconds
closed doors um but you can also do everything else that you have described uh why do you think that's the way to go
8 minutes, 42 seconds
now as opposed to uh what happened sort of 2018 in that sort of more challenging time between the two governments.
8 minutes, 51 seconds
Uh well, I'm going to take your question more generally about our approach as as you began if that's okay and you can follow up if if that's not sufficient.
8 minutes, 59 seconds
Um we recognize uh a couple of things.
9 minutes, 3 seconds
One is that um engagement is not endorsement. So engaging with the country doesn't mean that we agree with
9 minutes, 10 seconds
everything that a country is doing. In fact, I can't think of a country on the planet we would agree with everything that they're doing. first point uh no
9 minutes, 17 seconds
country is no country is Canada and we don't even agree with everything that's happening in Canada uh better is always possible including for Canada uh so
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that's the first the second is that we recognize in a in a world that's um more
9 minutes, 31 seconds
dangerous that's more divided uh a world where we need to diversify our partnerships where we're over we've become overreiant on a partner with whom
9 minutes, 39 seconds
we share many things uh uh the United States obviously we share many things and we value that partnership but we're over Relina. That's been demonstrated.
9 minutes, 48 seconds
Every Canadians have uh very strongly recognized that and and and we're looking to diversify. So, we uh are
9 minutes, 56 seconds
actively engaging with key partners um around the world. We are calibrating those engagements
10 minutes, 3 seconds
um depending on alignment and depending on our interests. Part of our interests is to build
10 minutes, 12 seconds
our strategic capabilities. In other words, to build in areas that make Canada more resilient, stronger, more independent. Uh, and where there's
10 minutes, 20 seconds
complimentarities, uh, we do that. Uh, and then the last element, it's not the last element, but last element I'll hand
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back. um is we recognize as a government the
10 minutes, 34 seconds
importance of countries that are active and influential
10 minutes, 42 seconds
in geographies in the world and in situations in the world uh that about which we care deeply.
10 minutes, 50 seconds
Canadians Canada has always cared deeply about the Middle East. Canadians Canada has has since uh uh before Deep and
10 minutes, 59 seconds
Baker, I'm going to stretch it back uh well, I should back uh to uh uh well since 1948 actually uh has supported a two-state solution.
11 minutes, 10 seconds
I'll give the example of the two countries that I've been to on this trip. Two of the most influential countries with respect to potential solutions there are Saudi Arabia and Turkey.
11 minutes, 21 seconds
We need to engage with these countries.
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We need to be speaking with we need to to work with them. That that doesn't mean that they have the key to unlock things but not being engaged, not
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talking to them on on on level. Um I'm the first prime minister to come here in 25 years.
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I was the first prime minister to speak to President Erdogan in over a decade.
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Speak to him. We'll meet with him. Um and so it's about recognizing where we can have influence
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where we can build resilience independence uh strength Canada
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calibrating appropriately and also creating a situation and a dialogue
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where we can raise issues and because we have l influence and because we have partnerships we have a greater chance uh
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of um positive outcomes and positive progress in those issues. So, it's probably longer than you wanted, but that's
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last point on this for me that you um again, if I hear you correctly, um
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emphasizing those disagreements particularly publicly doesn't really get countries like Canada um anywhere. Um,
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the critics would say you you are you are so focused on business and jobs and money that you're just looking away from those other things. And I'm assuming you would see that differently.
12 minutes, 46 seconds
I I definitely see that differently. I I um we I I do see that lecturing countries
12 minutes, 55 seconds
from afar is an ineffective strategy. It's satisfying, but it's ineffective. Um
13 minutes, 4 seconds
engagement can be effective. It doesn't mean it's always effective. Doesn't mean it's decisive, but can be effective.
13 minutes, 10 seconds
We care deeply about human rights. We care deeply uh about self-determination uh for nations. We care deeply about
13 minutes, 18 seconds
territorial integrity of nations. Uh we care deeply about Canadian consular cases.
13 minutes, 24 seconds
I addressed a Canadian consular case in in Ankura yesterday uh two days ago and because I was with the president, it
13 minutes, 33 seconds
was addressed favorably. If I sat in Ottawa and pointed out all the things that I we or might not agree with with
13 minutes, 42 seconds
what Turkey has done or is doing or might do, uh I wouldn't have had that conversation. I wouldn't had that impact. That's a small example, but it is an example of a of a broader point.
13 minutes, 53 seconds
Meta Next question.
14 minutes, 12 seconds
forc
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the discussion.
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Chef Google
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in his example. Uh
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the situation Thank
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you.
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Come Right.
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Okay.
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particip. on end.
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You see
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Canada.
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Hello.
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So an example, uh, can I follow through these question? I'm worried about time.
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Prime Minister, most of the people you met today, most of Saudi are major players led by the crown
17 minutes, 57 seconds
prince in this vision 2030 exercise, a vast plan to modernize and diversify the Saudi economy.
18 minutes, 3 seconds
Right? even that huge resources all hands on deck from the beginning it's run into substantial rough patches cost
18 minutes, 11 seconds
overruns uh expropriation problems for a government that's used to getting its way scaling back the ambition of the plan are there elements of a cautionary
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tale here for even and couldn't see that coming um uh but uh but look I think uh let me take that a couple ways and you
18 minutes, 28 seconds
have a follow-up um first is uh it is very ambitious uh plan uh begun
18 minutes, 35 seconds
2016 2017 thereabouts uh shortly after the crown prince uh became prime minister. um three pillars uh you know
18 minutes, 43 seconds
uh vibrant society important pillar and it goes partly partly to the previous questions and some of the transformation
18 minutes, 50 seconds
is part of that and I would suggest to look back at then and uh now just in
18 minutes, 56 seconds
terms of direction um a thriving economy and a and a ambitious government uh what
19 minutes, 5 seconds
are what are what's the record on it again I can't you know I'm not going to be the final judge But I would note that this is an economy that I think with the
19 minutes, 13 seconds
IMF numbers came out. I mean there is a war going on or a conflict has been going on and growth forecast is something like five 5 1/2% for this
19 minutes, 22 seconds
year. It's been certainly in the top quartile uh consistently over the course of of of that plan. So some things are going right and the oil price has been
19 minutes, 30 seconds
bouncing around during that uh that period of time. um you're seeing government revenues they've probably
19 minutes, 37 seconds
gone from 75 80% from hydrocarbons to let's say just above 50%. So that's a big you know those are big shifts in a
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little over a decade you know new sectors mining sector tourism there's a figure and again don't you know I'm not the Saudi expert but it's
19 minutes, 54 seconds
orders of magnitude of 10 million tourists to 150 million tourists up here that that's a pretty big that's a pretty
20 minutes, 1 second
big shift uh that comes with it. So a lot going right. What are some of the but to go to your so a lot is is going right. Not everything's going right. You
20 minutes, 8 seconds
got a big ambitious plan. You got multiple aspects too. Not everything is going to go right. So what are the what are some of the lessons? Uh one is um
20 minutes, 17 seconds
you know track what you're trying to accomplish. Have KPIs key performance indicators. Uh make course corrections
20 minutes, 25 seconds
when necessary. Uh cut your losses if something isn't working. Right. That's always a good advice. or or or stop
20 minutes, 32 seconds
that. Um, borrow from others where you can, partner where you can. Uh, and this is one of the big lessons we I mean, I
20 minutes, 39 seconds
know it sounds um repetitive. I talk about partnerships a lot, but partnerships are incredibly valuable
20 minutes, 46 seconds
because you you spread your risk, you get more resources, you get more expertise and technology and and um and that's that's another element. And I
20 minutes, 55 seconds
think what I see here and this is part of the opportunity for some Canadian firms. We saw some of that the business forum just an hour or so ago is that
21 minutes, 4 seconds
they're Saudi is moving into a phase where they want more partnership. They want more inbound investment and and and that element and that creates
21 minutes, 12 seconds
opportunity. So for Canada, let's give the example of Canada and then I'll hand back where and I'll just give one example. We have a lot of capital in
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Canada, right? Do we need foreign capital necessarily? Um well we need foreign capital because it brings some
21 minutes, 28 seconds
expertise. Uh we need foreign capital because it um uh brings perspective and uh experiences gets broader linkages for
21 minutes, 36 seconds
our firms and our company and and that helps our plan which is not as ambitious as vision 2030 uh but is ambitious is
21 minutes, 44 seconds
generationally ambitious uh in that. So yes, there are there are definitely are some lessons, but I would give uh I would give the transformation that's
21 minutes, 51 seconds
underway here um a lot a lot of credit maybe than the preamble your question implied
21 minutes, 59 seconds
on that uh question of invest uh attracting investment. You confirm my hunch that the Saudis will be at your investment summit in September.
22 minutes, 6 seconds
Um yes, Prime Minister Trudeau had an investment summit in Toronto in 2016 2017. Uh
22 minutes, 14 seconds
there's no government that's not trying to attract private investment. You advised the current Labor government in the UK two years ago on how to set up a national wealth fund. Everyone's looking
22 minutes, 22 seconds
for investment. How do you hope to do better? Um okay.
22 minutes, 30 seconds
Give you the pitch. Uh one uh look I Yes. Uh uh the PIF the the Saudi Assuel
22 minutes, 39 seconds
Fund confirmed to us today that they will uh they will be at the investment uh summit. Uh we very much welcome that.
22 minutes, 45 seconds
Um the and the scale of uh RSVPs uh is such that uh there there'd be very uh
22 minutes, 54 seconds
broad uh and deep representation at that summit which is great. So part is getting people and the decision makers
23 minutes, 2 seconds
uh to be there. Not uh no disrespect to others but you need the decision makers there. Um the second is uh you have to
23 minutes, 10 seconds
be doing things differently. I mean if you're a candidate uh you have to improve
23 minutes, 17 seconds
no there very few people who get up in the morning and think about Canada. I mean that's the reality. Um and so making the country more attractive for
23 minutes, 25 seconds
investment um upping our ambition the transformation uh
23 minutes, 33 seconds
being with Canada means being part being with the rest of the world. So our trade agenda uh and maybe I I'm worried I'm
23 minutes, 41 seconds
sorry I'm going on but the you know we have free trade agreements with 1.5 billion consumers if I can put it that way. We're going to double that this
23 minutes, 50 seconds
year. that makes Canada very attractive as not just a destination but also a hub. Um, and so that's also what uh what
23 minutes, 58 seconds
brings it in. And then I guess the last point I'd make is uh after that last point, the last point I'd make is that
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um you know we have a pretty clear strategy of where we want to go. We we're trying to make the country I think
24 minutes, 13 seconds
we will do this um more resilient, more independent, more strategically autonomous if I use that. So there's
24 minutes, 20 seconds
areas where we have strengths. Energy is a clear one. There are area there's area and and we can sort of go it alone on energy. Uh there's areas where we can
24 minutes, 28 seconds
build we need compliment we have complimentary strengths. Space AI two examples uh where we can do that critical minerals you need the full
24 minutes, 37 seconds
chain. So you develop that in those ways. And so that also helps success because people are coming and realizing
24 minutes, 45 seconds
okay you have a strategy. This isn't just flavor of the month. It's it's it's something you're going to build out over over time. You've got a big market,
24 minutes, 52 seconds
you've got rule of law, you've got smart people, got an ambitious country, and you're connected to the world. Those are those are components that that can bring
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success, but you also have to execute, which was your first question. Thanks. Next question.
25 minutes, 6 seconds
Hi there, Thomas Sil from Bloomberg. Um, based on your discussions today, what Canadian sectors and assets would you envision Saudi investors and businesses
25 minutes, 15 seconds
investing in? um and what did they particularly express interests in?
25 minutes, 20 seconds
Uh there's I mean there's a broad range and I would say that these uh these interests go in both directions. Um but
25 minutes, 28 seconds
uh certainly in uh in energy uh there's interest in energy and and that's the full range in terms of commercial
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partnerships from uh from LG through uh to uh renewable and the nuclear end of the of of the spectrum. uh the mining
25 minutes, 44 seconds
there there's a strong interest in mining that's more inbound here given the ambitions uh that are there um uh
25 minutes, 52 seconds
you know conventional infrastructure uh more more broadly uh is there as well and um look this is not a well you you
26 minutes, 2 seconds
see it in some of the uh agreements today uh Niagara Niagara uh university uh as an example Niagara College uh
26 minutes, 10 seconds
there is great interest in building those educational ties.
26 minutes, 14 seconds
final uh elements of AI um there's very ambitious building the AI stack here but when you move up into the agentic layer
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uh and beyond uh there's there's very strong interest Canada is that your followup
26 minutes, 32 seconds
I'd rather another follow up for that that was there sort of a okay are there any areas of collaboration or investment that you would have reservations about like like you've outlined with China
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there are areas that are you're comfortable with and areas that you're less comfortable with is that the case I I think uh I'll give you the example of uh where I'm going to give you a counter
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example where Saudi Arabia, Canada, the G7, Australia, uh uh Korea,
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um we all have very strong interests in building out critical minerals and rare earths because that will diversify for
27 minutes, 5 seconds
the world and that will make the world more resilient, stronger. It's in our own interest. So uh and that's an that's an area where that is absolutely a ring
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fence for China because in Canada because that would just be reinforcing uh the risk the very real risk that exists today.
27 minutes, 21 seconds
Next question. Last question.
27 minutes, 23 seconds
Hi Prime Minister Mackenzie Gray with Global News. Um you've been spending a lot of time with Donald Trump. You had a long conversation with him on the phone at NATO. Big thumbs up. Uh the cameras
27 minutes, 31 seconds
caught you doing that. One thing we've heard from the Americans is that if there's going to be a breakthrough in trade needs to happen at the leaders level. So, do you think you've made any progress with the president when it comes to trade?
27 minutes, 41 seconds
I'll keep you posted.
27 minutes, 45 seconds
The US ambassador has said that there are two issues the Americans have.
27 minutes, 49 seconds
Control of the bridge and tolls. They want more money sooner. Are you willing to renegotiate the current agreement to make sure the bridge opens?
27 minutes, 56 seconds
I think we're we're willing to clarify aspects of uh of the current arrangements.
28 minutes, 4 seconds
Last question. Hi, this is Marie Brewster with CBC.
28 minutes, 9 seconds
The IMF today reduced its global forecast mostly because of uh the lingering effects of the war with Iran.
28 minutes, 16 seconds
Yeah.
28 minutes, 17 seconds
How long does this war have to go on before there is real damage? And is a permanent ceasefire
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further out of reach now that President Trump says further talks are a waste of time?
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Um first thing is that uh I was pleased to see that uh Canada remains the second strong according to the IMF's forecast
28 minutes, 41 seconds
uh the second fastest growing economy in the G7. Um and that also points to part
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of the answer uh to the to the question and the strategy. One of the discussions that uh the crown prince, royal
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highness, crown prince and I had at some length um but also I picked up from other discussions was the importance and
29 minutes, 3 seconds
and we're doing the same. You know, we talk about what we can control and what we can control. Let's focus on what we can control. What we can control first
29 minutes, 11 seconds
and foremost in Canada is what we're doing within our borders. What we're building, how we build together, how we make sure we're building for all, all of
29 minutes, 19 seconds
those aspects. the uh the the recognition and addressing the very real pressures that Canadians face in terms
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of affordability that we can control. We can highly influence but not control our partnerships abroad, right? We go out
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and we build out those partnerships. The payoff the the the domestic what we can control is building a stronger Canada.
29 minutes, 41 seconds
This is supplementing. It builds out over time. Um and the the economies that focus on what they can control are going to do better regardless of what happens,
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not that it's unimportant, but what what happens miles away from here. Um I would say with respect to your second
29 minutes, 58 seconds
question, second part of your question, the um the the 60-dayou was always a
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framework for more talks. Um uh as in any framework, there's ambiguities in that framework. those ambiguities uh may
30 minutes, 14 seconds
be part of the challenges that that we're experienced particularly about free passage in the straighter hormuse.
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I mean a a fundamental red line I I think for for the world uh but also for
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uh the United States in it for obvious reasons um
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is uh is a longer term a prolonged sessation of hostilities uh possible um even with current events.
30 minutes, 45 seconds
Yes. Yeah, it's possible and uh that's certainly one of the scenarios that that we can see. Um whether that's a
30 minutes, 53 seconds
formalized ceasefire uh certainly remains to be seen. Uh but there are other there are other risks as I said uh
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I think it was yesterday uh certainly holds today that it's a very fragile tense situation. Um and um it is a and
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one of the key determinants of the path of that situation which matters for the world which matters for Canadians
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because of knock-on effect on food and energy prices and and other elements and knock-on effect of one of the key
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influencers is the Kingdom of Saudi Arabia which is why we're one of the reasons why we're here talking to them not sitting in front of a lecture
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lecturing them. Let's follow up. Daniel, my follow my followup is what went through your mind when you opened the gift from President Erdogan?
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I never saw it. Um, so, uh, they keep I would like to reassure Canadians, they keep guns away from me. Um, and, um, so
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I never saw it. Uh, I did I learned about it from I think it was Prime Minister Starmer. Uh but uh we were uh
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we were uh whatever we were having a conversation, a few of us, and he he pointed out to me that he'd received this uh it had his name on it and um um
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so I learned about it and then of course my colleagues told me, "Yep, we were uh we had this and it's not what I expected." Uh struck me
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that my gift of maple syrup kind of undermatched uh undermatched the
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the whatever it was 357 caliber whatever. Um but um but I also I then my the next thing that went through my mind
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was okay this is something for uh the war museum or the calf uh you know a
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calf museum or or something like that where it's uh you know it's it's interesting and it relates to NATO and
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the bigger uh bigger picture of that and so uh what's happened is um uh with uh
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with it's with the RCMP it's been de uh decommissioned uh because it's not a legal firearm in Canada. Uh and I certainly don't have a license for it.
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Um so it's been decommissioned uh and we're going to find the best home for it in something like I just described. So but yes, it was not what I expected.
33 minutes, 20 seconds
Thank you press conference.

 

 
 

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