Canada, Hockey & Healthcare Enforcement with David Pivnick 5-10-25

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Becker Private Equity & Business Podcast 17 min 2 speakers 6 chapters transcribed
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Who are the hosts and guests in this episode?

This is Scott Becker with the Becker Private Equity and Business Podcast. I am thrilled today to be joined by David Pivnik. David's a partner and helps to head up litigation at McGuire Woods. He does a ton of white-collar litigation, particularly in the healthcare sector. But we talk about a broad range of subjects. David's one of the brightest people I've ever had a chance to work with and visit with, so I love getting to get a chance to visit with him. He's also a specialist on all things Canada, as he holds dual citizenship between Canada and the United States. David – Talk to us about the sort of Canada-U.S. relationship currently. I think the Canadian prime minister was just here. What's going on there?
What are you watching? What's top of mind for you currently? I know you're dealing with some very high-ticket litigation matters currently, but what are you thinking about? What's going on with the U.S.-Canadian relationship?

What is the current state of the U.S.-Canada relationship?

David Pivnick 0:55
Yeah, I mean, look, the U.S.-Canadian relationship is at an interesting point in time, I think, You know, as a general statement, I would say I think the majority of Canadians have been displeased with the sort of 51st state rhetoric. I suspect, like many things, President Trump is saying that a little bit tongue in cheek to get a rise, including, you know, with the references to Governor Trudeau. But I think it's an interesting dynamic because, frankly, the tariff discussions and the sort of what I view as probably relatively lighthearted,

How did U.S. politics influence the recent Canadian election?

David Pivnick 1:31
jibes by President Trump ended up actually making a difference in the Canadian election, where I think the Liberal Party had been widely disdained for a long time, and everybody in Canada, and I use everybody loosely, but a substantial proportion of Canadians were ready to move on from Justin Trudeau, and the Liberals were in rough shape, and I think the country kind of galvanized and rallied together with Canadian pride to push back on the notion that it was just a territory of the United States. And I think it actually really helped Mark Cardy coming in and taking over the liberal leadership and then, frankly, winning the election and becoming prime minister. And I think, you know, the repercussions of that remain to be seen. I didn't find the meeting at the White House to be all that noteworthy.
David Pivnick 2:23
I know people have been getting their snippets on the comments about you know, how important a trade partner is, but I certainly don't think President Trump is undercutting the importance of Canada as a trade partner so much as trying to make sure that no trade partners are taking advantage. I think there's room to disagree on how that's being handled, but I don't think it's intended to be creating friction with Canada. I think that, like other things, has been an indirect consequence, and I think the main thing is it did have an impact on the Canadian election.
Your point is so well taken. It's what President Trump thought of as sort of humorous and funny led to the galvanizing behind Carney as the new prime minister when people thought Pierre, I forget his last name, was going to win. He was... to win, and then this got going, and all of a sudden, they had a backlash against being anywhere too close to the United States, and having the Conservative Party win in Canada, and you had the Liberal Party win in Canada, and that's what you ended up with, and it's fascinating, isn't it? Right, they seem to have a relatively sedate meeting. Carney made some headlines by saying, we're never going to be the 51st state, and obviously, all of us, I think, know that that's not reality, Canada becoming the 51st state, where a Billion reasons, most of which the Canadians, that's not what they want. But fascinating, fascinating discussion. Well, let me take you to another subject that as a Canadian, you are brilliant on, brilliant.
Talk to us about the NHL playoffs scenario. There's been some remarkable game sevens, and I know there's a lot of romance to be lost in this, but this is one of the subjects that all Canadians know well, which is hockey. Talk to us about both the NHL draft, the Blackhawks, our beloved Blackhawks.

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