The World This Hour - The World This Hour for 2025/01/29 at 10:00 EST

Episode Date: January 29, 2025

The World This Hour for 2025/01/29 at 10:00 EST

When a body is discovered 10 miles out to sea, it sparks a mind-blowing police investigation. There's a man living in this address in the name of a deceased. He's one of the most wanted men in the world. This isn't really happening. Officers are finding large sums of money. It's a tale of murder, skullduggery and international intrigue. So who really is he? I'm Sam Mullins and this is Sea of Lies from CBC's Uncovered, available now.

From CBC News, it's the world this hour. I'm Joe Cummings. The Bank of Canada has made another interest rate cut. The Central Bank is out today with its first rate setting of the new year, and it's trimming its influential rate by 25 basis points. It brings it down to 3%. In its fight against inflation since June of last year, the bank has cut interest rates now six times.

With the clock ticking on the Trump administration's February 1st tariff threat, Prime Minister Justin Trudeau meets again today with the premiers. Janice McGregor reports. The premiers met amongst themselves yesterday. Sources told CBC News that while they discussed the idea of a tariff stimulus package, nothing has been presented to the premiers yet. Donald Trump's concrete actions have yet to materialize. So there won't be precise numbers for anyone until people see what's hitting them. But BC Premier David Eby yesterday said both levels of government are reworking their fiscal plans. British Columbia should know that we are preparing for the worst and we're going to be in a position to support them alongside the federal government. There are some things in the short term the federal government can do even while parliaments prorogued employment insurance.

For example, that's your first line of defense in the event of mass layoffs. But if things erupt into retaliatory strikes and the federal books begin to balloon with extra tariff revenue, the House of Commons would need to approve how those billions are then divvied up across affected industries and workers. Janice McGregor, CBC News, Ottawa. Meanwhile, a new survey is suggesting there is overwhelming support within the business community for Canada to stand firm against any tariff action against the United States. The survey, commissioned by KPMG, shows 8 in 10 business leaders want a targeted dollar-for-dollar retaliatory response. It's also suggesting that the majority of businesses polled are delaying capital investments or acquisitions until there is clarity on

the tariff threats. From every indication it appears the ceasefire in Gaza is holding. Hostages and prisoners are being released and thousands of Gazans are returning to what's left of their neighborhoods. But as we hear now from Sasha Petrasek, there's no guarantee this truce will continue. Talks are set to begin within the next few days. Mediators have tried to get them going a little bit sooner, but we haven't heard of any major discussions so far. This is the critical part, because while the first phase was meant to release these hostages

that we've been seeing on a regular basis, the 33 hostages in exchange for hundreds of Palestinians. This has really just pressed pause on the war. The second phase would stop the war. Israeli Prime Minister Benjamin Netanyahu would be really challenging many of his coalition partners, the hardline right-wing parties who have said that they want the fighting to continue. They've been against the ceasefire from the start. Some of them have left the cabinet. More have threatened to leave if there is a second phase. So a lot of moving pieces here and there's no guarantee whatsoever that we will get to a second phase.

Sasha Petrosik, CBC News, Jerusalem. Human rights investigators are accusing Russia of deliberately targeting Ukrainian civilians with drone attacks. Briar Stewart has more now from Ukraine's Kherson region. Sitting on a bench at a temporary housing complex in Ukraine's Kherson region, 46-year-old Dmitro tells CBC News about the moment when he left a gas station in his village. Could you hear the drone? Yes, of course, he says. The drone dropped an explosive and Dmitro was injured by shrapnel, which pierced his shoulder and temple.

Local hirsan officials say since the summer, there's been a dramatic increase in the number of drone attacks. Velkas Vilei is an associate director at Human Rights Watch. It is absolutely clear that what we are talking about is an abusive campaign, a campaign that is targeting civilians. Russian officials say they aren't targeting civilians, but they also say that the city of Hearsan belongs to Russia and vowed to one day be in control of it again. Briar Stewart, CBC News in the Kherson region. And that is the World This Hour.

For CBC News, I'm Joe Cummings.