The World This Hour - The World This Hour for 2025/03/07 at 18:00 EST

Episode Date: March 7, 2025

The World This Hour for 2025/03/07 at 18:00 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, the world this hour, I'm Julianne Hazelwood. A day after suspending some tariffs against Canada, Donald Trump is threatening to impose new ones, this time aimed at dairy and lumber, and he warns they could come as early as today. Peter Armstrong has more details. Donald Trump was reacting to today's jobs report when he suddenly veered off to complain about Canada's dairy and lumber industries. These two have been long-standing irritants between Canada and the U S Trump

successfully negotiated more American access to the Canadian dairy sector in his first term. But under that deal, American access was limited to just three and a half percent of Canada's total market today. It seems Trump feels his own deal was a ripoff. So back to tariffs, they'll be met with the exact same tariff unless they drop it. And that's what reciprocal means. And we may do it as early as today or we'll wait till Monday or Tuesday.

It's just the latest in a series of head spinning threats and reversals. Just for those keeping track, next week may see these tariffs on lumber and dairy, separate tariffs on steel and aluminum, and yet more tariffs coming on April 2nd. Peter Armstrong, CBC News, Washington. In Ottawa. Today, I'm outlining the mitigation portion of our plan and the steps we are taking as a government to protect our workers and see them through the crisis. That's Employment Minister Stephen McKinnon unveiling $5 billion in trade impact programs

for workers and businesses caught in the trade war with the U.S. These measures will provide stability to our sectors at a time of great unrest and uncertainty. And more than anything else, they will help keep more workers in their jobs, more businesses running and more factory floors humming. Programs like Work Sharing will help employers avoid layoffs, keeping workers on for fewer hours a week, as well as financing programs for exporters and small businesses, and $1 billion in new financing for farmers through Farm Credit Canada.

Alberta Premier Danielle Smith says the province and the country needs to remain steadfast in the face of the Trump tariff threats. And while Edmonton pivots its response following the changing statements from Washington, Smith says there is one key issue for the U.S. What the Americans are worried about is Canada being a dumping ground for other outside of the agreement nations to be able to use our tariff-free status to get access to the U.S. market.

I can verify the oil and gas going through our pipelines is Alberta oil and gas. Smith says there needs to be a federal election so whoever becomes prime minister will have a strong mandate to deal with the crisis. Canada's job market caught a chill in February. Statistics Canada says the economy added just 1,100 jobs, far fewer than the 20,000 jobs economists were expecting. Nisha Patel explains After a burst of hiring in January Canadian employment came in flat in February the economy added a meager

1100 jobs the unemployment rate held steady at six point six percent as Population growth lost steam this year So the economy actually was getting into a better place lost steam. So the economy actually was getting into a better place until the trade war landed. BMO chief economist Doug Porter says more Canadians were working in the retail and real estate sectors though jobs declined in transportation, warehousing and manufacturing. Uncertainty over US tariffs may already be weighing on hiring decisions. Porter says that's also likely to influence the Bank of Canada. We do think the bank has to help support confidence and send a signal that it's here to support the economy.

Most market watchers are betting the central bank will cut the key interest rate to 2.75 percent when it meets next week. Further rate cuts will make it cheaper to borrow money, boosting the economy. Nisha Patel, CBC News, Toronto. A 24-hour strike by German airport workers will affect more than half a million passengers on Monday. An estimated 3,400 flights will be cancelled at airports across the country. The union says it's holding the one-day walkout as a warning after the failure of contract talks last month.

Negotiations are expected to start again later this month. And that is your World This Hour. For CBC News, I'm Julianne Hazelwood.