The Sinister Reason Why Carney Killed the US/Canada Trade Deal | Guests: Carol Roth & Ezra Levant | 8/25/26

**Glenn Beck** (0:00)
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Hello, America. Welcome to The Glenn Beck Program.
Well, the Ontario Premier has threatened massive pain against the US. I want you to hear cut one.

**Mark Carney** (2:10)
As for the electricity, everything's on the table. Critical minerals, everything's on the table. But I can't do this alone, folks. I need every Premier playing on Team Canada. And I'm confident that every single Premier will be part of Team Canada.
If he wants to put pain on Canadians, we'll leverage every bit of pain we possibly can. On America, we could put massive, massive pain on the US. The underestimate, President Trump underestimates us. And that's the biggest mistake, underestimating your opponent.

**Glenn Beck** (2:45)
Well, how much truth is there?
What is this really all about? Why are we suddenly at war with Canada? Literally, we are at war with Canada, economic war.
That's Mark Carney. That's not me. That's not Donald Trump. That's Mark Carney saying, they struck us. We are now at war. Okay, so what's really going on here? Because Canada going to war with us doesn't make economic sense at all. And I'm going to explain. So what's really happening? We'll do that in 60 seconds because it affects you. That's who the target is. First, let me tell you about American financing. You know what's expensive? Being patient with debt because while you're waiting to get things, waiting for things to get a little easier, those high interest credit cards are not waiting. They just keep charging you month after month. And when you're paying interest rates around 25 percent, an awful lot of money disappears without getting you very far at all. If you own a home, American financing may be able to help you change that equation by using the equity you've already built to consolidate your high interest debt without resetting your home's mortgage. Rates are currently in the fives. American financing borrowers who qualify are saving over $200, are saving an average of about $800 a month. Think about that kind of room. What will that do to your actual budget every month for you and your family? Timing is critical. Rates could go up in September.
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**Glenn Beck** (4:46)
Okay, so the talks have collapsed as of Friday, about midnight, 50% tariffs landed on about $20 billion of Canadian goods. We had a deal all week, we were working towards it, and at midnight Friday, Carney says, no deal. Saturday morning, Mark Carney calls Donald Trump a miscalculation. By the afternoon, he had workshopped and he had a better word, war. You're at war when you get attacked, we got attacked, we are at war. This is Canada.
Okay, Mark Carney is not a stupid guy, he's not. He ran the Bank of Canada, he ran the Bank of England, mainly into the ground, but he ran the Bank of England. He's the first foreigner to hold that job in over 300 years. He can do the arithmetic in his sleep. 72% of everything Canada sells abroad, it sells to us. 72%.
85% of their crude oil comes down here because the refineries on our Gulf Coast are built to crack the heavy sour crude that Alberta scrapes out of the sand and there's nobody else on earth who wants that much of it.
Their aluminum smelters, they've got aluminum, they've got steel out the wazoo, but they can't make it into anything. Their smelters run on Quebec hydro and they ship it south.