The Canadian economy goes “elbows up”

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4.8 • 1.3K Ratings

🗓️ 29 April 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

After declaring victory in yesterday’s Canadian election, Prime Minister Mark Carney said the “old relationship” with the United States is over. Over the past few months, President Donald Trump’s on-and-off tariffs and repeated annexation threats have caused Canadians to reconsider the United States as its leading trading partner and ally. But Patricia Goff, professor of political science at Wilfrid Laurier University, said the idea of disentangling the two economies is unrealistic. On the show today, Goff explains how Trump’s tariffs and annexation threats influenced the Canadian election, how Canadian industries are navigating the trade war, and what this all could mean for the future of the U.S.-Mexico-Canada trade agreement.

Plus, we’ll hear a pitch for a new “Make Me Smart”-themed rear window sticker. And, what one psychologist got wrong about burnout.

Here’s everything we talked about today:

"Trump knows exactly what he just triggered in Canada" from CBC News

"Liberal Bruce Fanjoy topples Pierre Poilievre in Carleton" from CBC News

"Canada-U.S. Relations Continue to Reach Lows Over Tariffs and Annexation Threats" from The New York Times

"Mike Myers Is Ready to Defend Canada" from The New York Times

"Canada says its friendship with the US is ‘over.’ Now what?" From Politico

"The future of the USMCA" from the Peterson Institute for International Economics

We want to hear your answer to the Make Me Smart question. Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Transcript

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0:00.0	Hey everybody, I'm Kyle Rosedall. Welcome back to Make Me Smart, where none of us is as smart as all of us.
0:11.3	And I'm Kimberly Adams. It is Tuesday, April 29th. I am by the side of a highway in Canada where early results.
0:18.8	That can't possibly be safe.
0:21.7	No, I'm not like a rest stop.
0:23.7	So it's like just off this highway.
0:25.7	But it's safe.
0:26.5	I'm in a parking lot and whatever.
0:28.6	But anyway, here in Canada where early results of yesterday's election are in.
0:34.8	And it looks like the Liberal Party came out ahead.
0:40.0	So Mark Carney is going to continue as prime minister, and he's going to be tasked with steering the Canadian economy as
0:45.6	President Trump continues to basically upend the global trade system. And this came up a lot
0:51.9	in Carney's victory speech last night. Let's listen to a bit.
0:55.3	Our old relationship with the United States, a relationship based on steadily increasing integration,
1:02.0	is over. The system of open global trade anchored by the United States, a system that Canada has relied on since
1:12.4	the Second World War, a system that, well, not perfect, has helped deliver prosperity
1:18.4	for a country for decades, is over.
1:22.3	So we're going to talk about the U.S. Canada trade relationship, the political relationship
1:26.2	as well and where it might go from here.
1:28.6	Patricia Goff is going to help us out with this. She's a trade expert, also a political science professor at
1:33.0	Wilford-Lurier University in Waterloo, Ontario. Professor, thanks for coming on the podcast. Really appreciate it.
1:38.5	My pleasure. Nice to be with you. Can I ask you something just on what the prime minister said there? Does it make you sad?
1:46.1	What's happened?
	...

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