• Economics of Canadian Immigration: Part 2 with Lisa Lalande
    Nov 1 2024

    On these two episodes of Uncommons, Nate does a deeper dive on the economics of Canadian immigration policies, including a look at the unsustainable rise in temporary immigration levels, recent government action to correct those levels, and what is almost certainly an over correction to the permanent resident levels.

    In part one, Nate’s joined by University of Waterloo labour economics professor Mikal Skuterud.

    Professor Skuterud has written extensively on the economics of Canadian immigration, he’s been consulted by different Ministers, and he’s been a vocal critic of the government’s management of the immigration file, especially with respect to temporary foreign workers.

    In part two, Nate is joined by Lisa Lalande, the CEO of Century Initiative, a group that advocates for policies to strengthen Canada’s long-term economic prospects, including by growing our overall population to 100 million people by 2100.

    Ms. Lalande argues for strong but smartly managed immigration to ensure Canada’s economy remains competitive and resilient in the long-term, and she makes the case that Canada must build housing and improve healthcare to accommodate smart growth as well as our non-economic goals.

    In some ways, the guests are sharply at odds with one another. But in others, there is alignment: that Canada needed to tackle temporary immigration levels, but has caused further unnecessary challenges by reducing permanent immigration levels.

    Youtube:



    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.uncommons.ca
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    59 mins
  • Economics of Canadian Immigration: Part 1 with Mikal Skuterud
    Nov 1 2024

    On these two episodes of Uncommons, Nate does a deeper dive on the economics of Canadian immigration policies, including a look at the unsustainable rise in temporary immigration levels, recent government action to correct those levels, and what is almost certainly an over correction to the permanent resident levels.

    In part one, Nate’s joined by University of Waterloo labour economics professor Mikal Skuterud.

    Professor Skuterud has written extensively on the economics of Canadian immigration, he’s been consulted by different Ministers, and he’s been a vocal critic of the government’s management of the immigration file, especially with respect to temporary foreign workers.

    In part two, Nate is joined by Lisa Lalande, the CEO of Century Initiative, a group that advocates for policies to strengthen Canada’s long-term economic prospects, including by growing our overall population to 100 million people by 2100.

    Ms. Lalande argues for strong but smartly managed immigration to ensure Canada’s economy remains competitive and resilient in the long-term, and she makes the case that Canada must build housing and improve healthcare to accommodate smart growth as well as our non-economic goals.

    In some ways, the guests are sharply at odds with one another. But in others, there is alignment: that Canada needed to tackle temporary immigration levels, but has caused further unnecessary challenges by reducing permanent immigration levels.Youtube:



    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.uncommons.ca
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    1 hr
  • Mark Carney on Uncommons
    Oct 18 2024
    On this episode, Mark Carney joins Nate on the podcast to discuss the current political landscape, sustainable finance and the economic opportunities of climate action, and his future in politics as now economic advisor to the Liberal Party and potential future candidate.Mark has served as the Governor of the Bank of Canada and then the Governor of the Bank of England. He now serves as the UN Special Envoy on Climate Action and Finance, and as the Vice Chair of Brookfield Asset Management.Transcript:IntroductionNate Erskine-Smith: Welcome to Uncommons. I’m Nate Erskine-Smith, and on this episode, I’m joined by Mark Carney. He is, of course, the former governor of the Bank of Canada, he’s the former governor of the Bank of England, and he is also much more political these days, including joining a podcast like this to talk about not only politics, but Liberal politics, because right now, he occupies the role of chair of an economic task force to the Liberal Party and Prime Minister, and he might well have a future in politics beyond that as well.Sustainable Finance Within a Global ContextNate Erskine-Smith: Mark, thanks for joining me. Mark Carney: Thanks for having me, Nate.Nate Erskine-Smith: I was going to make a joke about how you are the first guest we've had since the Prime Minister and people can read into that as they like. But I actually want to start with why you're here in Toronto–sustainable finance. And before people's eyes glaze over, maybe you can help ensure their eyes don’t glaze over.Mark Carney: We’ve lost the audience already.Nate Erskine-Smith: But what do you hope to see achieved through sustainable finance in terms of actual serious climate action?Mark Carney: Yeah, so first thing, thanks for having me and I'm here, I'm giving, a talk later on today at something called the PRI in person, which is 2000 people from around the world focused on more than just sustainable finance, but certainly sustainable finance, and I'm going to talk about that aspect of it and specifically what is the financial sector doing and not doing to get capital to solutions to address climate change.In essence, that's what sustainable finance is. Success in sustainable finance will be when we can drop the adjective, when this just becomes mainstream. And all the work that I and others have been doing, particularly since three years ago, almost to the day, there was a COP, one of these big processes in Glasgow, where finance was at the heart of it. And we've been working to make sure that people have the information first and foremost. And when I say people, I mean people, you know, out here in The Beaches, people working in the center of Wall Street or around the world, investors, people managing people's pensions, that they have the information that's needed in order to judge who's part of the solution and who's still part of the problem, that we have the right market structure. We need some new markets in order to solve this and that we see action and we can judge that action accordingly. Nate Erskine-Smith: And before we get to the possible potential impact of that disclosure–the Canadian context. So you had said in 2019 I think you'd expressed some frustration in one of your speeches about, and this wasn't specific to Canada, but the global pace of progress towards sustainable finance was moving far too slow. We wake up and it’s five years later and in Canada, we still haven't seen these rules put in place. And so what do you hope to see hopefully sooner than later here in Canada?Mark Carney: Yeah, well, let me give a global context first. It's a global event, global context, we operate in a global market, capital moves around the world. And if I look at the world, you have over 700 of the world's largest financial institutions controlling over 40% of the financial assets in the world. Huge numbers, $150 trillion, US dollars, for that matter that these institutions oversee, They're all committed to shift the management of those assets consistent with the transition towards net zero. In other words, to help companies and countries and municipalities get their emissions down. Okay. That's what they're committed to do. And by the way, that what comes with that is if somebody isn't trying to get their emissions down, then money is shifting from those companies. And in one example, to those who are doing something. So globally, you have a huge shift towards this first thing. Secondly, it starts with just reporting on where you stand today. What does your portfolio look like? Who are you investing in or lending to? The next step, of course, is to have a plan. You don't solve anything without a plan. You got to put the plan in action. And as we meet today, we're in a situation where 500 of those 700 institutions have full blown, what's called a transition plan, but a plan, to move the money, and they are moving the money, towards the solutions.Sustainable Finance Within a Canadian ...
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    1 hr and 15 mins
  • Justin Trudeau on Uncommons
    Oct 1 2024
    On this episode Prime Minister Justin Trudeau joins Nate to discuss the next election, successes and failures in governing, and what comes next.Watch the full podcast on YouTube:—Transcript:Nate: Welcome to Uncommons. I'm Nate Erskine-Smith, and on this episode I'm joined by Prime Minister Justin Trudeau, and you should know at the outset there were no pre-approved questions. Now, before we get to that conversation, two quick public service announcements. We've started these weekly update videos of the week that was in Parliament. We of course call it Uncommons Weekly, and you can check it out on our social media @beynate.The second thing is, do me a favor. If you like what we're doing, go to your platform of choice and leave us a positive review because it does help us reach a wider, greater audience. And I could do a big preamble, but you know who the Prime Minister is. So let's jump to the conversation.The Importance of Conversations in PoliticsNate: Justin, thanks for joining me.Justin: Oh, so good to be here Nate.Nate: I was laughing. So, you, in the same week, you're looking at your itinerary and you're doing the Colbert show, and then you're looking, you're going “Oh, and I'm doing Uncommons with Nate. What is – what is happening? How did these two end up on my schedule the same week?”Justin: Yeah. You know, it's actually, it's actually just right, because a big part of what I've been trying to do is have as many different conversations in different places about, about the challenges we're all facing, because one of the things we learn and we've learned over the past years is, if we don't go to where people are, then people aren't listening. It's not like I can give a speech on the steps of Parliament and know that most Canadians will have tuned in to the speech, through the nightly news or through – no.Nate: Five people are really fantastic.Justin: Well, and it's great that they're then, I'm happy to give speeches for them. But if I don't start, if we don't start making, you know, space for real conversations that actually do filter through everything that people are either bombarded with or just busy doing in their lives, then we're not doing right in terms of either representing or serving people.Nate: So for those who are regular listeners, they know a bit of my background. But for those who may be tuning in the first time, because we've got you joining us, this is a Liberal MP’s podcast, but, you and I have not always seen eye to eye. And I get asked all the time, well, what's your relationship like with the Prime Minister, thinking that there's some, you know, animosity that’s between us.How would you describe our relationship to sort of set the stage for this?Justin: Well, when people ask me “So, how do you put up with Nate?” I actually laugh because you're actually one of the MPs that I have a better type of conversation with than many others. And we have all, and we've had some, some pretty important conversations over the years or at least crunchy conversations over the years. But I've always thoroughly enjoyed it. And for me, it's a feature, not a bug, that I have thoughtful MPs who come at this with, you know, ways of challenging me with strongly felt beliefs, with points where we will diverge on things. And as long as I can have, as we have always had, and perhaps better than many others who are sometimes more divergent in their perspectives, as long as we can have really good conversations where you understand where I'm coming from and I understand where you're coming from, then there is, I mean, that's almost the way democracy writ large is supposed to work. As you know, people come together to vote on, you know, what direction the country's going to take. If we can't have these conversations, then, then nothing else is working in democracy.Reflections on Leadership and GovernanceNate: Yeah. And a reasonable disagreement is, I think, central to not only our politics writ large, but also to the Liberal Party as, as I hope many of us see it. But when you think of, the Liberal Party, when you think of, you know, you've got, I will never be an anonymous MP in the media, I think it's cowardly, but you've got any number of colleagues who are now speaking out in, less than helpful ways, if I'm putting it more politely. You've got others who are going on record and raising concerns, and the concerns are mixed. Sometimes it's about direction, sometimes it is about you and, and they try to cast it as it's not about, you know, fair or unfair criticism, but you know how people feel. When you look at it, you know, you're in this for nine years. And I want to start with a bigger sort of question of why. You articulated the need for serious change heading into 2015. Many people like me left this, got off the sidelines to participate, because of that call to do things differently, when you think of what's to come next, you've got anonymous MPs raising complaints. You've got ...
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    58 mins
  • Political and Personal with Lisa Raitt
    Sep 28 2024

    On this episode Lisa Raitt joins Nate on the podcast to discuss the complexities of political life, the challenges of balancing political and personal life, and the importance of fostering collaboration across party lines. They reflect upon the challenges that Canada faces, including changes in Economic growth and productivity, the role of corporations within this change, and how housing affordability impacts Canadians.Lisa’s background includes service as a Member of Parliament for eleven years, working in the ministries of natural resources, labour, and transport. Lisa also shadowed former finance minister Bill Morneau before serving as the deputy leader of the Federal Conservatives under Andrew Scheer.

    She now works for Canadian Imperial Bank of Commerce (CIBC) as the Vice-Chair and Managing Director of Global Investment Banking.Lisa and Nate explore the pressures that are placed upon politicians in their day to day lives and the increasing importance of co-operation across Canadian politics.



    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.uncommons.ca
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    1 hr and 4 mins
  • Wealth Inequality and Inclusive Growth with Matthew Mendelsohn
    Jul 26 2024
    On this episode Matthew Mendelsohn joins Nate on the podcast to discuss the issue of wealth concentration and its threat to democratic stability. They discuss practical solutions to address wealth inequality, trust in democratic institutions, the role of the federal public service and the need for a competent and responsive government.Matthew's extensive background includes serving as the Deputy Secretary to the Cabinet (Results and Delivery) in the Privy Council Office of Canada, where he played a key role in developing and implementing the federal government's policy agenda.His work focused on achieving measurable results and improving government performance, particularly in areas related to inclusive economic growth, tax reform, and public service effectiveness.Nate and Matthew explore the concept of inclusive growth, which focuses on equitable and sustainable economic growth benefiting both communities and individuals. They also highlight progress made on Indigenous issues and the need for transparency and risk-taking in the civil service.Watch on YouTube: Transcript:Nate: Welcome to Uncommons. I’m Nate Erskine-Smith, and on this episode I’m joined by Matthew Mendelsohn, a great thinker in Canadian public policy over the last number of years. He has done many different things in this space. He has been a professor at TMU and Queen’s. He has founded the Mowat Centre, which was at U of T and the Monk School, and obviously canceled because we had a Doug Ford government here in Ontario after 2018. He, federally, he was the chief architect of the 2015 election platform for the Liberal party.He led efforts to write and create openness around those ministerial mandate letters out of the 2015 election, and he led the Prime Minister’s results and delivery unit from 2016 to 2020. Now more recently and currently, he’s the CEO of Social Capital Partners. It’s a great organization focused on the social good in many different ways, from social enterprise to employee ownership to so much more, including a more recent focus on wealth concentration and wealth inequality.That’s a big part of this conversation. We talk about wealth inequality, what we can do about it. We talk about democratic resilience and the connection to a lack of inclusive growth, a lack of equality, and too much concentration in wealth.And we talk about the ability, or inability at times, of the federal public service to get big things done.Statistics of Wealth ConcentrationNate: Matthew, thanks so much for joining me.Matthew: Thank you for having me, Nate.Nate: So you and I have come across one another when you were working in the federal government, but you were no longer working in the federal government. You left in 2020. You're still doing very interesting things. And before we get into some conversations about your work in the civil service and your history in politics and in public service, you're now at Social Capital Partners. And the current work of Social Capital Partners is very much focused on wealth concentration, which is an issue that I have a great interest in.So let's start there and let's start with social capital partners, your role there, and the work that you're doing on wealth inequality.Matthew: So Social Capital Partners is a not-for-profit that has been focused on impact investing, social enterprise, financial inclusion for over 20 years. Over the last five years, we have started to focus on the issue of wealth inequality, wealth concentration, the threat that it represents to democratic stability and democratic societies, the fact that it's not getting nearly enough attention, I think, in the public debate.And we have been focused on very practical solutions. So at Social Capital Partners, we have always been interested in very practical, actionable ideas to push back against, earlier time, financial inclusion, but now wealth inequality.So we've been leading the work that your government has supported around the creation of employee ownership trusts, making it easier for retiring business owners to sell their businesses to their employees rather than to private equity or to a competitor. And this creates options for business owners, but it allows workers to build state equity pathways to wealth in the businesses that they are working for and building. It also creates more community resilience, that you have small and medium -sized businesses that are being run and owned, and with equity and deep roots in the community, with the people who work there and live there rather than being run by multinational global private equity funds out of New York or heaven forbid Toronto.So that work is really important to us and we think that the wealth concentration question is not getting nearly enough attention in any of our discussions. The productivity discussion and the democracy discussion, the economic growth discussion. And our goal is to identify really practical policy and legislative changes that can push ...
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    1 hr and 14 mins
  • Health for All with Dr. Jane Philpott
    Jun 18 2024

    Nate is joined on this episode by Dr. Jane Philpott, a former federal Health Minister and currently the Dean of Health Sciences at Queen’s University. She has recently published her book: Health for All, A Doctor’s Prescription for a Healthier Canada.

    Before politics, Dr. Philpott practiced family medicine for over 25 years, including important development work in Niger. She was elected in 2015 and served in cabinet in a number of roles, including in Health and Indigenous Services. She was a member of the Liberal caucus until the SNC-Lavalin affair, after which she ran as an independent candidate in the 2019 election.

    Nate and Dr. Philpott discuss her book 'Health for All' and the need for improved access to primary care in Canada, a better focus on the social determinants of health, and why we should treat substance use as a health issue in the midst of a devastating public health crisis.

    They also discuss her time in politics, including her reflections on how she left, and whether she would be interested in returning to political life.

    Watch the full podcast here:



    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.uncommons.ca
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    54 mins
  • Public Health and Police Reform with Mohamed Shuriye
    Jun 11 2024

    Nate is joined by Mohamed Shuriye, Director of Community Safety and Well-being at the City of Toronto to discuss police reform and more effective alternate public health responses.

    Mo has led the city’s efforts to develop an alternative community safety response model that is now rolling out across Toronto.

    While conservatives seem intent on fighting a renewed war on drugs and pursuing fear-based policies, the evidence continues to point to a public health approach for people in crisis, in collaboration with community partners.

    Watch this podcast live at Beach United Church:



    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.uncommons.ca
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    37 mins