The World This Hour - The World This Hour for 2025/03/17 at 12:00 EDT

Episode Date: March 17, 2025

The World This Hour for 2025/03/17 at 12:00 EDT

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coworkers will like you more. And if you keep the peace, maybe your family, they'll stop judging you. I know this because I've lived it. Explore over 890,000 titles on audible.ca by signing up for a free 30-day trial and start listening today. From CBC News, it's the world this hour. I'm Joe Cummings. Canada's largest city is rolling out a campaign designed to answer the tariffs being imposed on Canada by US President Donald Trump. Here's Toronto Mayor Olivia Chow. Only Canadian companies can bid on construction work that is

worth under $8.8 million and goods and service under $353,000. U.S.-based suppliers will no longer be able to bid on city contracts. Earlier today, Chow appeared on CNN and suggested that Toronto's tariff response plan will cost U.S. companies an estimated $1 billion in lost revenue over the next 10 years. Just a matter of days after being sworn in as Prime Minister, Mark Carney is on his way to Buckingham Palace for a meeting with King Charles. His audience with the King is a lead up to a meeting later today with British Prime Minister Keir Starmer.

The war in Ukraine is on the agenda, along with the U.S. trade war. And earlier today in Paris, Carney was discussing trade relationships with French President Emmanuel Macron. With you, Mr. President, I want to ensure that France and the whole of Europe works enthusiastically with Canada, the most European of non-European countries, determined like you to maintain the most positive possible relations with the United States. As mentioned, Carney is now in London, and before returning to Ottawa tomorrow, Carney will be flying into a caloete.

His office says the visit is aimed at reaffirming Canada's Arctic security and Arctic sovereignty. From the trade war to the war now in Ukraine, and President Trump is saying he'll be speaking tomorrow with Russian President Vladimir Putin. Ceasefire talks will be the topic of the discussion, with foreign analysts suggesting that Russia may be laying out conditions that in the end will only drag out the proceedings. Briar Stewart explains. We'll be talking about land, we'll be talking about power plants, dividing up certain assets. Last week, Putin said he agreed to the idea of a ceasefire, but then spoke at length,

outlining what he saw as obstacles Like would the 30-day truce give Ukraine a chance to mobilize more troops and secure additional weapons? Those conditions that they have presented it shows that they don't really want peace actually because EU foreign policy chief Kaya Kalas says that's clear because Putin's conditions include his ultimate goals for his invasion of Ukraine. European countries along with the UK are meeting to discuss what happens if there is a ceasefire and who will monitor it.

While France and Britain have committed to putting peacekeepers on the ground in Ukraine, Russia has repeatedly said that it will not support that. Briar Stewart, CBC News, London. With the end now in sight, the Hudson's Bay Company, the historic retailer, is in court today, formally applying to liquidate its Canadian assets. Lisa Sheng has more. It's an institution Canadians say they'll miss. This was one of the last of the department stores that reflected a Canadian identity. That's too bad because I grew up with Hudson's Bay so.

A week ago Hudson's Bay Company applied for creditor protection hoping to keep the business afloat in some capacity. Then a dramatic development. It will start liquidating its entire business as soon as this week, putting more than 9,000 jobs at risk with no guarantee of severance or pension. Toronto lawyer Andrew Hatnay represents some employees. For the company to announce a potential liquidation so fast after filing before the court is unusually quick and very troubling. In its court application, Hudson's Bay said it was struggling because of the drop

in store traffic post pandemic, people spending less and Canada-U.S. trade tensions. Pending court approval, the retailer plans to liquidate its inventory and close-up shop by June 15. Lisa Sheng, CBC News, Toronto. And that is The World This Hour. For news anytime, go to our website, cbcnews.ca. For CBC News, I'm Joe Cummings.