The World This Hour - The World This Hour for 2025/02/07 at 10:00 EST
Episode Date: February 7, 2025The World This Hour for 2025/02/07 at 10:00 EST...
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From CBC News, it's the World This Hour.
I'm Joe Cummings.
Looking for ways to make Canada less dependent on the United States, Prime Minister Justin
Trudeau is in Toronto today hosting a National Economic Summit.
How do we make sure we are resilient as an economy. First of all, on Canada, it's about time we had genuine
free trade within Canada.
That's Trudeau opening the summit with a call for provincial trade barriers to be dropped.
The U.S. tariff threats have led to this gathering, which has brought together business and labor
leaders and politicians from all levels of government.
Janice McGregor has more.
Putting a couple hundred business, labor, and political leaders in a room with policy
experts today for four hours, of course, won't fix everything.
The government hopes, though, to be seen as facilitating some of the tough conversations
that are required right now.
Labor leader Lana Payne from Unifor is on the front lines of this, representing auto workers once again fearful of their jobs heading south,
realizing they can't count on the free market.
You can't do that anymore.
You have to absolutely put planning around what it is we do with our economy
and how we can best build good, strong Canadian jobs.
Donald Trump frames economic prosperity as a national security issue.
The upside of this is that it could focus Canadians to take a hard look at why they
aren't more strategic about doing business with each other instead of relying so much
on the Americans.
Janice McGregor, CBC News, Ottawa.
Still on the economic front, Statistics Canada says 76,000 jobs were added to the economy
last month.
That's something of a pleasant surprise, and it moves the unemployment rate down to 6.6%
from 6.7% in December.
Peter Armstrong has more.
This is two months in a row now of job market growth that's well above expectations, and
it marks three straight months of gains in the jobs market after we had seen a pretty solid stretch where the unemployment rate had
been rising relentlessly and over those three months Canada's added like
211,000 jobs. Better still these January numbers they were almost entirely private
sector jobs. Now all this matters even more than usual as so much of the
economic conversation in
Canada has been focused on the impact of a potential trade war with the United States.
Canada's economy isn't exactly fighting that war from a position of strength.
You look at per capita GDP, it's fallen for six straight quarters.
The unemployment rate had been rising relentlessly.
So this is good news, and it does provide at least something of a cushion that allows the
economy to deal with all of this uncertainty that's just sloshing around the world right
now.
Peter Armstrong, CBC News, Toronto.
The federal liberal leadership candidates have another hurdle across today.
It's a $125,000 payment to stay in the race.
The candidates have already laid out $100,000 to get their campaign started, and then after
today's payment, another $25,000 will be needed by February 17th.
At least one candidate, Karina Gould, is critical of the steep cost, saying it's unfairly narrowing
the field.
A government employees union is filing a lawsuit over cuts being made to USAID.
The lawsuit claims the Trump Administration's unilateral actions are unconstitutional and
illegal and will contribute to a global humanitarian crisis.
Tens of millions of people around the world rely on the agency's aid and medical programs,
but led by Elon Musk, the Trump White House is taking steps to dismantle it.
Samantha Power is a former U.S. ambassador to the U.N. and the former head of U.S. AID.
This is devastating and it is seeding the field as well to the People's Republic of China,
to the Russian Federation and other malign actors who would like nothing more
than to see the U.S. ground game in American foreign policy,
the face of American values disappear like this.
Under Trump's proposed cuts, the agency's staff will be cut from 10,000 employees down
to 300.
And that is A World This Hour.
For CBC News, I'm Joe Cummings.