CBS News Sunday Morning - 1995-10-29 - 2 of 2
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Duration: PT4309S
Read a transcript preview of “CBS News Sunday Morning - 1995-10-29 - 2 of 2” from malgent, uploaded on 2026-01-05.
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Language: English (original, YouTube automatic captions)
[0:00] our demographic weight.
[0:04] >> The prospect that Quebec might actually
[0:06] secede from Canada brought tens of
[0:08] thousands of Canadians into the streets
[0:11] of Montreal on Friday to implore Quebec
[0:14] not to do it. The latest polls show a
[0:16] race too close to call, but with surging
[0:19] support in favor of independence.
[0:25] >> [cheering]
[0:28] >> The turmoil has been costly. In the past
[0:31] week alone, the Canadian stock market
[0:33] has taken a beating and the Canadian
[0:35] dollar has tumbled. Most
[0:37] English-speaking Canadians are adamantly
[0:40] opposed to the disintegration of their
[0:42] union.
[0:44] >> This is truly lottery. It's like point
[0:45] at Las Vegas and betting the future of
[0:48] your family and future generations. It's
[0:50] absolutely nuts. Montreal businessman
[0:52] Phil O'Brien brought out several
[0:54] thousand of his colleagues at a rally to
[0:57] defeat the referendum.
[1:01] >> You can think about it maybe in some
[1:02] Eastern European country, but not in
[1:04] North America. It just doesn't make
[1:06] sense. And the impact on North America,
[1:08] on all of us North Americans, is quite
[1:11] drastic. It's not just on Canada. It's
[1:13] on all of us.
[1:16] >> Certainly, the stakes for the US are
[1:18] huge. Canada is a key ally and this
[1:21] nation's largest trading partner
[1:24] exchanging more than $200 billion
[1:26] dollars worth of goods annually. An
[1:28] independent Quebec could threaten both
[1:30] the economic stability and political
[1:32] viability of Canada as it is today. In a
[1:36] world darkened by ethnic conflicts that
[1:39] literally tear nations apart, Canada has
[1:42] stood for all of us as a model of how
[1:45] people of different cultures can live
[1:48] and w