Friday Focus: China's great power performance and Mark Carney's bad budget messaging
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Friday Focus: China's great power performance and Mark Carney's bad budget messaging
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This week's SCO summit in China projected a series of powerful images about the rise of China and the cleaving of the world into two power blocs. Putin, Xi, and Kim Jong Un watching the military parade at Tiananmen Square was a performance of a great power, as was Narendra Modi's public display of friendship with Xi and Putin. Donald Trump's treatment of US allies is turning away in-between countries and offering China a historic opportunity to step up to the plate. The world of the US is becoming a minority compared to the countries circling China's orbit. In the second half of the show Rudyard and Janice turn to Canada's upcoming federal budget and Mark Carney's bad messaging, as the PM warned of austerity followed by investment. In an economy that is slowing, will Carney wrack up more debt? Will these be investments, or expenditures? And does our Prime Minister have a real plan to get Canada back to a fiscal balance?