Okay. Hello, Michael. How are you? Fantastic. Same mood as everyone. Amazing. Good afternoon. What a room. What a room. [cheering] [applause] WHAT A ROOM. >> [cheering] >> WHAT ENERGY? WHAT? [cheering] [applause] [cheering] What a group. I will get to you guys. I was talking about everyone in the room. Everyone in the room. I'll get to you guys. uh more specifically um you know we are meeting at a decisive moment for our country and I think we also have a sense I know from talking to all of you I know from going around Canada with with you we have a sense that over the course of the past year and a half something's changed in the country we all feel it and we feel it everywhere what it is is Canadians coming together >> confidently choosing our future. [applause] infrastructure. Now we are coming together. We are working in full partnership with First Nations with the Matei and Inuit as allies from the start, not at the end. allies from the start and as owners in the initiatives that are going to shape this country's future. [applause] Canadian and businesses, Canadian businesses and pension funds. You didn't think I was going to go there. Canadian businesses, pension funds, and banks coming together, putting up this week hundreds of billions of dollars of new Canadian capital to get behind Canadian ambition. [applause] We are matching those ambitions abroad. area security. [applause] >> [applause] >> And we're doing that those that diversification abroad as you know because you pushed for this right from the start. Yes, we're doing it to create opportunities for our companies, jobs for Canadians, but we're also doing it to create resilience for Canada, to make Canada more independent so we can live our lives as we choose. [applause] >> [applause] >> So yesterday in Strasburg, we launched the process for a new alliance with the European Union, an alliance for the future. And it's an alliance that's rooted in common values, freedom, solidarity, prosperity, sustainability, and it's one that's dedicated to strengthening our sovereignty. So our citizens can flourish as free people on free ground. That's [applause] [applause] Canadian workers, our unions, our builders are turning those Canadian ambitions into reality on construction sites right across this country. putting that economic transformation the country needs into action. They are literally building Canada strong. [applause] [applause] And it's all of this solidarity, all of these Canadians working together that's making a powerful statement to each other and to the world. This is a new powerful, confident and united Canada. [applause] All right. Shu is Canada. [applause] Fore solidarity generosity. Look around this room. What a room. Look around this room. [applause] >> [applause] >> MPs. MPs from every region. Atlantic Canada, the Prairies, Quebec, the Pacific Northwest, the North, Ontario. Representation in every province and territory, the largest women's caucus in Canada. [applause and cheering] >> [applause] >> SALUTE, [applause] >> the largest indigenous >> caucus. [applause] >> [applause] >> And it's a team that has just been reinforced. I told you I was going to get to [cheering] three outstanding individuals. Daniel Go, >> Tanvir Shanoas, and the other guy [laughter] Braden Kaye. writings in three different parts of this great country. Exceptional results, honored by more than 50% of the vote in each of those writings. [applause and cheering] That is a vote in them and that is a vote in you. [applause] [applause] Braden, Tan, Danielle who particip on Canada. [snorts] immense responsibility at a critical time and our responsibility is to bring the energy I feel in this room that I know you all possess to bring the best ideas to parliament to represent the priorities and the concerns of each of our constituents and of all Canadians to engage with all stakeholders and to work whenever we can with members across the aisle because we're all here to make the greatest country in the world even greater. [applause] [applause] No, it's fine. It's okay. >> No, no, it's whatever you want. Whatever you want. Whatever works. Whatever works. Plenty of room. Um the, you know, we do have some momentum. Um we do have some momentum. If you consider what's happened in the last seven days, we welcomed President Zalinski to Canada, forging a new chapter, a 100red-year chapter in our storied partnership, all while supporting Ukraine's fight for freedom and working together to build our industry here at home. >> [applause] >> A few days ago, we hosted Canada's first investment summit. The world's largest investors came here because we're reliable partners. Because we have what the world wants, combined now with the ambition to build Canada for all. They liked what they saw. They liked what they saw. Nearly half a trillion dollars in new commitments to Canada. Not all [applause] Hello. [applause] Canadian. Seven weeks. Seven. Seven days. Seven days. Seven [applause and cheering] days. Felt like seven weeks, but it was seven days. But this is the pace we need. This is the tone we need. This is the standard we're going to continue to set for our work ahead this fall. Because in the midst of a rupture, we have to move forward. In a crisis, fortune favors the bold. Okay. [applause] Last [cheering] month, last month, we made the right decision to suspend our negotiations with the United States. [applause and cheering] >> [applause] >> And [applause] and I want to thank and I want to thank all of you, all your constituents and Canadians across the country because we knew as we were in those negotiations what the priorities of Canadians were. We knew what the values of Canadians are. It wasn't tough to draw the red lines. So, they offered too little. We couldn't accept it. They asked too much. We wouldn't give it. Now, when the US is ready to return to the bargaining table, we will come there ready to strike a deal in good faith. One that respects our sovereignty, >> protects, not just protects, promotes our official languages and our culture. [applause] [applause] and one that fundamentally does what we know is possible, which is to promote jobs and growth on both sides of the border. Now, in the meantime, the United States has imposed new unjustified tariffs, and we know we know that these will hurt workers, companies, and communities. Now they're miscalculation because Canadians will always take care of each other and our government is repres is following that up putting real support behind people and businesses caught in the middle of a fight that they did not start. On top of the $25 billion of support that we'd already announced, we're adding an additional 7.5 billion in new help. What does it mean? It means fast access to capital for small businesses, income support and retraining for workers who need it, and targeted help for the sectors that are hit hardest. Autos, forestry, steel, aluminum. That's what we do in this country. We stand up for each other, especially when times get hard. [applause] Canadians will always take care of each other and we're going to take care of ourselves because we have everything we need to build in this country. The reserves, the resilience, and we have the right plan. It starts with building it at home. Let me just give a few examples of that. Few weeks ago, we partnered with Newfoundland and Labrador, Quebec, and the Indian Nation to announce the largest clean energy investment in North American history. [applause] [applause] James 14 gawatts of hydro wind storage. The functional equivalent of 18 Hoover dams 18 Hoover dams. [laughter] enough [cheering] enough to light [applause] heat and cool light, heat, cool every home in Toronto, Montreal, Vancouver combined and in the process create 23,000 jobs. [applause] [applause] This infrastructure, the transport, the commerce do not pay a thunder bay. on cat. Cat destin. [laughter] Okay. [cheering] Okay. Okay. Okay. [laughter] Yeah. MERCY PATT [applause] Alvie the Trais B class. leg out coach [applause] construction. Hello [applause] Pasamp [laughter] [laughter] Global In the same time, we're also taking full responsibility for our defense. We're doing it a smart way. We're doing it in a way that creates jobs at home and builds our strength at home. Few weeks ago, we announced the GDLS in London is building 190 armored combat support vehicles for our army with Canadian steel. 6,000 more jobs. 6,000 more jobs. and in Halifax, in Winnipeg, Calgary, right across Canada, creating a Canadian supply chain that will help build, sustain, and support the Navy's new TKMS submarines, the largest defense procurement in Canadian history, an ecosystem of Gay Canelo, do you know the answer to that one, too? You're still working out the Yeah, [laughter] sorry. 100,000 jobs. 100,000 jobs from the country. [applause] Yeah, that's what a real partnership is. [applause] That's what a real Canadian European partnership is. Coming together, creating jobs here, sharing technology, moving forward, defending the Arctic together. More broadly, we are doubling down on our strategy to make Canada the best place on earth to build. Earlier this week, we we announced the productivity mega deduction. It lets businesses write off a far wider Yes. Yes. far wider range of investments. Fiber optic cable, mining properties, energy, rail, aircraft, vehicles, manufacturing equipment, much more. The result is that the effective tax rate on new investment, this is what matters for business. The effective tax rate on new investment will be the lowest of any major economy in the world, less than half the rate of >> United States. [applause] [applause] We didn't need a big beautiful bill. We needed a targeted initiative. [laughter] Canadian companies already seizing this opportunity. This week, earlier this week, again, Bell Canada announced a $50 billion Canadian AI infrastructure hub in Saskatchewan. And full credit, [applause] I give full credit to Premier Mo in Saskatchewan for this. 1.2 gawatts of computing power, the largest capital investment in Saskatchewan's history, more than 4,500 jobs. And align with [applause] We are doubling down. We're doubling down. We are going to build on the success of the major projects office. It's already working on 27 nation building initiatives representing almost $500 billion in new private investment. We will now apply the lessons, the same urgency and the efficiency of the major projects office to or more broadly in this session and Steve will talk more about this in a moment. We will introduce the Building Canada Strong Act to the House this fall. [applause] We've been out we've been out consulting all summer on this. We've listened. We've made some adjustments. The bottom line though is this. For projects, federal projects and supply chains, our standard will be simple. One project, one review, one year. [applause] Canada will always be a country of high standards. But high standards do not mean decisions have to be slow. Predictability is a competitive advantage. If we're going to say no, say no quickly. If we're going to say yes, say yes on time. When Canada decides a product, a project should go ahead, that project will go ahead. >> [applause] >> We will maintain our fiscal advantage. Let me underscore for everyone in this room just how important this is. We're now seeing financial markets starting to change the pricing literally as we meet today. Uh the cost of borrowing for governments around the world to separate the strong from the weak. We are the strong. We are Canada strong. [applause] There you go. [applause] [applause] The minister of finance is meeting with uh uh his counterpart in the UK and then his European counterparts. Um, so he's given me the following to read [laughter] >> we have good I have prudent news. When he says he says the good news part, he's giving me the prudent news part. We will maintain our fiscal advantage, manage spending and optimize our balance sheet so we can, and this is good news. This is vital news. So we can maintain always our vital social programs, pharmarmacare, healthcare, dental care [applause] on which Canadian. [applause] [applause] and then maintain the programs and then and that includes expanding child care to be clear. [cheering] [applause] All that's all [cheering] on [applause] that plan and then use our precious fiscal capacity to grow our economy. So invest at lower cost, build faster public assets that work harder for Canadian tax system that strengthens our competitiveness. Now, building Canada strong will require a generation, maybe two generations of skilled workers. So in our spring economic update, we announced Team Canada Strong. Back with an initial $6 billion investment, this is our plan to recruit, train, and hire up to 100,000 new Red Seal trades people. Woo! [applause] And we went further. In July, we went further with the provinces and territories. We added $2 billion to expand training and open more pathways into the trades. >> [applause] >> We're not messing around. This morning, Minister Haidu took the next step, launching Team Canada Strong Youth Placements, $880 million to support young Canadians from their first interest, their first interest in the trades. And it is going to be a great time to be in the trades. From their first interest in the trades to their first job. Here's what it means. [applause] We worked on this. Jay-Z, others, we all worked on this together to develop it. What it means is a high school grad spends their summer paid on a real job site. Yeah, that'd be nice. Yeah. When you work, you get paid. That's the way it's supposed to work. Um, then they move straight on to the apprentice track of that team Canada Strong towards that red seal. By the way, they get a 5,000 completion bonus at $5,000 completion bonus at the end. It also means a short staff contractor can take a chance on a first year apprentice with a thousand a $10,000 subsidy to hire them and to train them. Everybody wins. [applause] Now, as we build Canada strong, [clears throat] we remain laser focused on bringing down costs for Canadians and keeping Canadians safe because we know that it the full benefits of our plan will take some time. So, to give Canadians a boost today and a bridge to a better future, we've cut taxes on homes, on incomes, on investment, well protecting those vital social programs that Canadians rely on every day. child care, pharmarmacare, dental care, healthcare. We introduced the groceries and essentials benefit for 12 million Canadians up to $1,890 for a family of four. [applause] You look like it. [laughter] [applause] Canadian econom [applause] shows a To keep Canadians safe, we passed six laws in the last parliamentary session to toughen sentencing and bail conditions, to combat crime, to fight hate, and to give law enforcement the tools that they have been demanding and they need. The opposition opposed every single one. >> This fall, we will move forward with the Safe Social Media Act to protect Canadians online. [applause] [applause] We know in our bones from our own lives with our own families. And we've been hearing the concerns of families and educators, medical practitioners in our communities. Children falling victim to sexual abuse, cyber bullying, extreme violence online. The status quo is failing our kids. The tech companies won't fix it. We will not stand by. We are safeguarding the digital world so our young people can be free and safe when they're navigating it. >> And we'll fight for Canada to lead the world in building the smart, safe digital tools of the next decade, including in AI. [applause] >> [applause] [applause] >> Hello, News. So thank but the real measure isn't the deals, it's about the people and the companies that they reach. So Covered Bridge, I've eaten them myself. A family-owned chipmaker from Carlton County, New Brunswick. They were on a trade mission, Team Canada trade mission to Japan and they signed a big deal with Costco there. The first shipment's already in the wa water. >> I visited [applause] a few weeks ago. I visited Wayne and his sons, his family, great family, at Antler Valley Farm in Redair County, Alberta. They're now selling their canola, their other grains at higher prices after a new trade arrangement with China. Yeah. [applause] The lobster harvesters. Lobster harvesters. Yes. At Dennis Point Wararf in Pubnico, Nova Scotia. Yeah. Yeah. Can now sell to 1.4 billion customers in Asia. More money in their pockets. Greater certainty for the years ahead. This is what our plan means. This is what it means on the ground. Means on the water. chipmaker, canola farm, lobster warf reaching markets they didn't have a year ago. We're just getting started. Over the next six months, we intend to double those markets to reach 3 billion global consumers. [applause] [applause] Fore [snorts] cat destiny. [laughter] Canada is the number one destination in the I'm trying to keep up. [laughter] We're the number one destination in the world for infrastructure investment. Shovels are already in the ground at Darlington in Ontario, Contraura, Port of Montreal along the Mckenzie Valley Highway. A confident Canada beginning to build again. So, let me finish return to where I began. The last seven days, we've stood shoulder-to-shoulder with an ally. We've catalyzed record investment into our country. We've deepened our ties with Europe. It's a lot, but that was just the warm-up. We are going to carry this momentum into the House. This is a crucial session of the House of Commons. We are going to introduce some of the most consequential legislation, not just of this government, but in decades. >> Let's do it. Exactly. >> [applause] >> We will we will meet this moment head on [applause] because [cheering] Canadians know that this is our country. Canadians know this is our country. This is our future. We are building that future together for all. That is team Canada. That is Canada strong. Let's get to work. Here [applause] [cheering] we go. [applause] [cheering]