# Peeling back the curtain to expose Canada’s false wizard

Page: https://stenobird.com/podcast/the-really-big-show-with-jim-csek-iain-burns-7118319/peeling-back-the-curtain-to-expose-canada-s-false-wizard
Text version: https://stenobird.com/podcast/the-really-big-show-with-jim-csek-iain-burns-7118319/peeling-back-the-curtain-to-expose-canada-s-false-wizard.md
Podcast: [The Really Big Show with Jim Csek &Iain Burns](https://stenobird.com/podcast/the-really-big-show-with-jim-csek-iain-burns-7118319)
Published: 2026-06-04T19:36:52+00:00
Episode link: https://podcasters.spotify.com/pod/show/ai-ev/episodes/Peeling-back-the-curtain-to-expose-Canadas-false-wizard-e3kbm7l
Audio file: https://anchor.fm/s/10fa926fc/podcast/play/121018037/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-5-4%2F425526349-44100-2-24af949f55d2a.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-really-big-show-with-jim-csek-iain-burns-7118319/episodes/peeling-back-the-curtain-to-expose-canada-s-false-wizard
Duration seconds: 8451

## Resource

Every failure in today's show has a price tag and Canadians are the ones paying it. The per capita recession nobody told them about. The infant formula plant their tax dollars built that ships 85% of its product to China. The groceries benefit that is just a renamed tax credit. Development charges averaging $195,300 per new home in Toronto. And a national AI strategy unveiled the same week the government is pushing surveillance legislation that is driving tech companies out of the country. The policy failures are not abstract. They show up in the grocery bill, the mortgage payment and the paycheque. Today on The Really Big Show: ►An RBC economist confirms Canadians were already living through per capita recession conditions from 2022 to 2024, with immigration-driven population growth masking declining living standards in the headline GDP numbers ►Statistics Canada reports Canada's labour productivity fell for a 2nd consecutive quarter in early 2026, extending a years-long decline economists call the country's most fundamental and persistent economic weakness ►Carney returned to Question Period after a week's absence and repeatedly wished Poilievre a happy birthday rather than answering whether Canada is in a recession, while his own Privy Council research shows cabinet anticipated the downturn months ago ►Canada Royal Milk, owned by Chinese dairy giant Feihe, built Canada's largest infant formula facility in Kingston with at least $24 million in taxpayer subsidies, with planning documents projecting 85% of production exported to China, as Canadian parents face periodic formula shortages and infant formula prices have risen more than 70% in 5 years ►3 Chinese state-owned companies maintain significant oil sands holdings, raising questions about why foreign state-owned e…

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