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He has bravely stepped forward with an explanation.
He just got here. 18 months in office,
Goldman Sachs, governor of the Bank of Canada,
governor of the Bank of England. This man has
run more economies than most people have run dishwashers.
And this guy is standing there like
a substitute teacher who just walked in and found
the classroom on fire. Oh, don't look at me. I
just got here. It's not my fault. Yeah, sure it isn't, right?
Well, here's the situation. Donald
Trump didn't break Canada. Canada broke Canada.
Mark Carney yelled elbows up, picked a trade war
with the customer who buys three quarters of everything Canada sells,
and then somehow acted
shocked when the customer stopped buying.
This is like punching your only ATM and then wondering
why it won't give you $20. Bold strategy.
It's going great. Stellantis just sent 6,400 workers
home. Stelco. Stelco workers punched out for the last time.
110,000 jobs gone in five weeks.
In Toronto, families
are getting eviction notices right before winter. In Canada,
winter is not a season. It's a hostage situation.
Oh, and Alberta, which is sitting on enough oil
to float a small continent,
votes October 19th on whether to start packing its bags.
So, meanwhile, you got Mark Carney in Parliament announcing
that rents are coming down. Behind him,
the liberal backbenchers are clapping like seals
who have just heard that the fish truck's pulling
up. So, Ottawa calls it a recovery. The moving trucks?
They're calling it Tuesday. Well, today,
you're getting everything that CNN was too busy to notice.
The $2 billion handout tied to
Brookfield, Carney's old company,
purely a coincidence, I'm pretty sure, right? The $900
apartment that exists only in liberal press releases,
and the exact moment that Canada
realized President Trump was holding every
single card. Now, before we dig in, guys,
if you or someone you love needs Medicare guidance,
Chapter offers completely free help.
Give them a call. Phone number
is in the description down below, 909-563-8279. The
average senior is saving about $1,100 a year.
And if you're new here, go ahead and subscribe,
guys. Unlike Mark Carney, we didn't just get here.
And if this video delivers, smash the like button
on the way out, it costs you nothing,
which in Canada right now makes it the only affordable
thing left. Now, I do want to start with the excuse
because it is a masterpiece. Mark Carney
has been prime minister for 18 months.
Most of his top team has been running Canada for 11 years.
And when Canadians ask why everything's falling apart,
his answer is four words. I just got here.
Okay. Mr. Speaker, I have to keep reminding
the leader of the opposition that I just got here.
The guy who said he was going to build at unimaginable
speeds says he just got here after 18 months, Mr. Speaker.
It's not that he's failed to make things better after
the 10 years of Liberal government that he helped advise on.
It's that things are getting so much worse.
Rent is up 86%.
86% almost double from $970 to $1,800 today.
This prime minister is now leading an economy where
the largest number of Canadians have given
up on homeownership. When will we have an end to the big talk
and actually get some
homeownership results? Well, he did not just get here.
Under Justin Trudeau, Mark Carney chaired
the Liberal Party's Economic Task Force.
He didn't show up at the fire. He helped stack the firewood.
And look at that resume he's got there.
Goldman Sachs, governor of the Bank of Canada,
governor of the Bank of England chairman
at Brookfield the man has managed more money than
some countries have ever seen now he's confused
about how rent works let that land for a second
guys canadian families renewing their mortgages are getting crushed
and the man in charge used
to set interest rates for a living how's that adding up right
so when Donald Trump walked into
the White House as the new guy
in 2017 he didn't whine about it he went to work mark carney he went
to the podium and blamed the calendar
Mark Carney's whole defense is, I just got here. Don't let that
be you when this trade fight hits your gas tank,
your grocery bill, or even your 401k.
This is exactly why I write The Ron Yates Report.
It's a free newsletter that breaks down what
stories like this actually mean for your wallet before
the bill shows up. I'll leave a link so
you can join in the description down below.
It's totally free and unlike Canada's rent,
The Ron Yates report cost you nothing. Now, check this out.
We need to talk numbers, okay? Numbers,
they don't have press secretaries.
The experts said Canada would add 9,000 jobs in September.
Well, Canada lost 68,000 jobs. This is not a miss.
This is like a swing of almost 80,000,
okay? A weatherman who's that wrong would get fired on the spot.
In Ottawa, he gets promoted.
Now, if we add August and Canada is down about 110,000 jobs
in five weeks, 13,000 of those jobs are in manufacturing.
At Stelco, 500 steel workers just worked their final shift.
At Stellantis, 6,400 workers were sent home for five weeks.
Many of those jobs are never even coming back.
Times are tough in manufacturing.
Layoffs at Stelco this week are the latest example
of Canada's weakening labor market,
which unexpectedly lost 68,000 jobs last month.
Finding work elsewhere is no easy task for this father of four.
I have resumes out from Alberta all the way to Northern Ontario.
I'm just trying to find something to cushion the blow.
Education, healthcare and manufacturing led the declines in September,
pushing up the national jobless rate to 6.5%.
2026 has been a choppy year for Canadian workers.
All of the job gains have now been erased.
It's pretty rare to see two months
of job losses that add up to more than 100,000.
Usually that only happens in outright economic downturns.
In sectors hardest hit by U.S. tariffs,
hiring freezes and job cuts are one way to reduce costs.
According to this auto industry association,
the total tariff bill on Canadian-built vehicles surpassed $7 billion.
And the Trump administration could double down in the coming months.
The U.S. has threatened a 50% tariff on Canadian vehicle
and parts exports by January 1st.
That cannot happen. We've got to find a resolution before that date.
And the effects of ongoing trade disruption could
be felt far beyond the auto sector.
We're not out of the woods yet,
and I would expect to see the manufacturing sector hit
much harder in the months to come.
Unfortunately, it's going to get worse before it gets better.
Now, here's a twist.
Stellantis moved the next Jeep Compass,
you know, the car that was supposed to save its
plant in Brampton, Ontario, to Belvidere,
Illinois, in the United States.
And so now the union says that Brampton could be closed or even sold.
Stellantis is moving production
from this assembly plant in Brampton, Ontario,
across the border to Illinois.
We're not just going to sit here and say
that's okay because it's not okay.
They've made commitments to this plant.
The company closed the plant in 2023,
temporarily laying off 3,000 workers.
Stellantis was revamping operations to build the Jeep Compass SUV,
but froze plans to reopen in February
after U.S. President Donald Trump slapped
a 25% tariff on foreign-made autos.
Now with no vehicle to build, those jobs are up in the air.
We allow this to happen to the Brampton Assembly Plant.
It could snowball to other facilities in the auto industry.
It comes as Stellantis says it will spend $13 billion
in the U.S. over the next four years,
boosting auto production there by 50%
and creating more than 5,000 jobs.
We share with President Trump his goal to have again
a manufacturing system in automotive very strong in the U.S.
America's gain has been Canada's loss.
Earlier this year, GM cut 750 jobs in Oshawa
as it boosted manufacturing south of the border.
These shifts all part of Trump's endgame.
We don't really want Canada to make cars for us, to put it bluntly.
We want to make our own cars.
The reality is the U.S.-owned automakers
in this country have almost abandoned this country,
and we need to be moving on and looking at other potential investors.
But some warn Canada should push back.
It doesn't stop at auto.
They will keep coming until they have weakened us as a nation
and as an economy.
In nearby Windsor, Stellantis workers say
the mood across the industry is grim.
We've had a layoff already, not that long ago.
Yeah, it's sort of a shaky, uncertain sort of market.
Of course, everybody's going to be up on edge
trying to figure out what they're going to do next.
For now, the future of this plant and its workers
still very much in limbo.
Nisha, what else are you hearing from Stellantis?
Adrian Stellantis tells CBC News tonight
that it is investing in Canada
by adding a third shift to its plant in Windsor, Ontario.
The company says that it does have plans
for this Brampton Assembly plant
and will share them after it talks to the federal government.
All right, thank you.
That is Nisha Patel reporting in Brampton, Ontario.
Now, Canada's pink slip just became America's paycheck.
Illinois says thank you very much, Canada.
Drive safely.
So did the Liberals warn anybody about this?
Word is they knew, and they ain't saying nothing about it,
which is somehow even worse.
Now, you guys remember Elbows Up, right?
Carney rode it all the way to victory in 2025.
Well, the plan was allegedly bulletproof. Boycott
American products, cancel the Florida vacations,
boo the anthem at hockey games, buy Canadian.
One small problem. About three out of every four dollars
that Canada earns selling to the world
comes from America. You really can't boycott your only customer.
This is like a lemonade stand
declaring war on the only kid with a dollar.
The liberals were absolutely sure that Donald
Trump would fold like a cheap lawn chair?
Well, apparently he didn't. He just sat in the lawn
chair, put his feet up, and ordered a Diet Coke.
If we're not going to be treated properly,
we're going to do that. And all we have to do to cut
our trade deficit with the country is not
trade with them. Canada is one.
If we don't do any trading with Canada, we just end all trade
with Canada, we'd save ourselves $90 billion.
All trading with Canada. Don't forget, they do
all of their business, almost all of their business
with the United States, and we do a
relatively small amount of business with them
but if we didn't want to if we were playing hardball
all we'd do is say we're going to do no trading
with canada if we did no trading with canada
would save 90 billion dollars
and so what i'm saying very simply is that we should be paying
the lowest interest rate in the world each point
in interest in this country that we pay
cost us 650 billion dollars we should be at one percent
or a half a percent we shouldn't be at
four percent we have other countries at a half a percent
and yet if it weren't for us they'd be
bankrupt countries we should be the lowest in the world as we were 25
and 30 years ago under any
circumstance we were the lowest in the world
so now canadian steel aluminum and car parts sit in
warehouses just collecting dust.
Now, Ottawa called it courage. The warehouses, they're
calling it inventory.
The best part, Mark Carney himself called it a war.
Now he's upset that the
other side showed up. Justin Trudeau walked out the door.
Canadians replaced him with Trudeau's
economic advisor. Same movie, new poster. Shocked?
Is anybody shocked by the ending? Yeah, nobody is.
Now, real quick, think of one person
who still swears Trump did this to Canada. You know exactly
who it is. Send them this video right now.
Let them argue with the job numbers. The numbers
don't argue back. Now, the part that isn't funny,
I mean, we're going to make it funny anyway. You
know how we do here, right? Because the alternative is crying.
Across Canada, more families are
getting evicted for unpaid rent.
Housing groups say that the calls for emergency rent never stop.
People who used to earn a decent living can't even cover
their basics anymore. Oh, and the timing?
Perfect. Yeah, right before winter.
Now, in Florida, losing your apartment, that's bad.
In Canada, this is a survival show.
Tent sales are up, not because Canadians
suddenly fell in love with camping.
Even the landlords are drowning.
Some landlords in Toronto say insurance,
repairs, and plumbers cost more every month.
Tenants fall behind, and then
the landlord falls behind on his own mortgage.
Everybody's underwater in a country that's mostly frozen.
The streets of Montreal show the aftermath of moving day,
but what it doesn't show are the people who had nowhere to go.
Mayor Soraya Martinez-Ferrada laid out the numbers.
219 people turned to the city for help finding a new home.
71 are now in temporary emergency shelters.
Which is almost a double that we had last year.
There's another concerning trend.
She says more Montrealers were evicted this year than last.
The situation this year was troubling because...
Benoit Jullien is with Reclac.
He says rising rents
and the cost of living have made the problem worse.
He also adds some landlords are taking advantage
of two loopholes in the system,
so-called emergency evictions, and moving back into their property.
These two loopholes have made it possible
for some landlords to take advantage of the system
and put people on the street.
Jullien says in order to improve the housing crisis,
the city needs better rent control,
more social housing, and a plan to put empty apartments to use.
Well, you know, it takes courage, but you could find ways to have,
to force the landlords to just open and use these apartments.
The city says it will look into making sure tenants know their rights.
In the meantime, its municipal housing office
is helping those in temporary shelters
find long-term housing.
Sweed Derassi, CTV News.
Now, Carney's big solution, more government money.
From the government, that actually caused the problem.
This is like asking the arsonist for a fire extinguisher.
Broke voters are loyal voters.
It's funny how that works, right?
People who grew up in Canada,
they are saying that this is not the country
that they remember.
Now, let's do some math here.
And don't worry, guys, it's sixth grade math,
which is more than Ottawa can even handle.
Work full-time at minimum wage in Ontario,
40 hours a week, 52 weeks a year, you make about $37,000.
The usual rule says spend no more than
30% on rent. So that gets you roughly $900 a month.
Go ahead and look for a $900 apartment
in Toronto. I'll wait for you.
You'll be lucky to find a parking spot, a storage locker,
maybe a very nice closet with a window.
In Vancouver, $1,000? Yeah, $1,000 gets you one
room, not an apartment, a room with roommates who label their yogurt.
Families everywhere are
handing over 30% or more of every paycheck just for a roof.
In Peel region, right outside of
Toronto, 37,000 households are on the waitlist for subsidized housing.
This is up almost 30%
in four years. This is not a waitlist, guys.
This is a small city standing in line. Vacancy rates,
historic lows, nobody's building. Oh, but don't worry, guys.
Mark Carney says rents are coming
down. From where? Mars? So picture this.
Canada just lost 68,000 jobs, families are packing up,
and Mark Carney stands up in Parliament and delivers a victory speech.
Real results, he says.
140,000 more Canadians working.
Fastest growing economy in the G7. Incomes growing,
rents coming down, housing affordability improving.
Folks, I've heard more honest
weather reports from a groundhog.
And behind him, the Liberal backbenchers. That's right guys,
clapping, nodding, smiling.
Kind of like a studio audience that got paid in free snacks. Yeah. You
can't eat an applause line.
You can't pay rent with Building Canada Strong. I just got here.
It's now so popular in Ottawa,
one MP used it to apologize for not knowing the rules of parliament.
Yeah, it's not an excuse anymore.
This is more like a national motto. Just go ahead and put it
on some coins. Meanwhile,
the Canadian press cheers right along like it's a pep squad. We're
winning. The liberal plan for bad news is simple.
Fingers in the ears, eyes shut. Nah, nah, nah,
nah. Yeah, exactly. It works great until the election.
It works great until the election
notice arrives. And so now the province that's had enough.
On October 19th, Alberta votes on
whether to start the legal process toward leaving Canada.
Over 301,000 people signed the petition
that forced the issue. Saskatchewan is watching closely.
Polls still say most Albertans want to
day. But think about that.
In Canada, the most polite country on earth, a province is
voting on whether to start packing.
This is not a protest, folks. This is a moving van
idling in the driveway. America, pay attention.
New York City is running the same playbook.
Big promises, bigger bills, blame somebody else.
The fix is not complicated. A fair deal
with President Trump, dig up the treasure chest,
build homes, and send a Doge-style
crew into Ottawa with a flashlight
and a calculator.
We're not like the rest of Canada.
We have different politics.
We vote 100%
conservative.
We're being ruled by Liberals that don't think like us.
They're trying to shut our industry down.
They don't believe in our industry.
We're sending massive amounts of wealth to the east.
It doesn't
allow us to run
our province
the way we would
like to run
our province.
Moving forward, obviously we're going
to have strong trade relations with the United States,
that's as an independent country and not part of a 51st state.
For years, Canada lectured us about our southern border.
Now, we might need a northern one. You
guys remember Mark Carney's big line, I just got here?
Yeah. Canadians are now asking a better
question. How fast can you leave?
Now look guys, Donald Trump, he didn't bankrupt Canada. Mark
Carney's liberals, they did that all by themselves.
A trade war that they started, a housing crisis
they built an excuse that they can't stop repeating.
With winter coming and Alberta voting
October 19th, Canadians are running out of patience.
CNN missed it, Ottawa tried to bury it,
and you found it right here, guys.
So think of somebody in your life who's watching their rent
climb, their grocery bill explode, or their kid get zero callbacks.
Send them this video,
not to make them angry, I'm sure they're already pissed.
Send it so they know they're not crazy
and that they're not alone.
Now, if today's video delivered, and I believe it did, hit the like
button on the way out, one second, zero dollars.
It helps more people find what the media will not
show them. Not subscribed yet? Go ahead and fix that.
We'll see you on the next one because trust
me, there is considerably more coming
and Canadians didn't see this coming either because
their government kept telling them that everything was fine.
Rents coming down, jobs going up,
everybody clapping. Don't get your financial news
from the clapping section. Join the Ron Yates
report, my free newsletter, when trade deals shift,
prices jump, or jobs start moving,
you'll know what it means for your paycheck,
for your home, and for your savings while there's
still time to act. So I'll leave a link for you
in the description down below. It's totally free
and you won't need to say, I just got here.