The World This Hour - The World This Hour for 2025/03/20 at 09:00 EDT

Episode Date: March 20, 2025

The World This Hour for 2025/03/20 at 09:00 EDT

The following is advertiser content from Audible. Reclaim your power to create a life you love with number one best-selling author Mel Robbins. The LetThem Theory will teach you how to stop wasting your energy on what you can't control and start focusing on what truly matters. You, your happiness, your goals, your life. Listen to a sample now. Let me introduce you to the simplest and most life-changing idea I have ever discovered. I call it the Let-Them Theory. What is the Let-Them Theory? The Let-Them Theory is about freedom. Two simple words, let them, will free you from the burden of trying to manage other people. And when you stop obsessing over what other people think, say, or do,

you finally have the energy to focus on your own life. You stop reacting and you start living. Instead of driving yourself crazy, trying to manage or please everyone else, you're just gonna learn to let them. Explore over 890,000 titles on audible.ca by signing up for a free 30-day trial and start listening today.

30-day trial and start listening today. From CBC News, it's the world this hour. I'm Joe Cummings. CBC News has confirmed Prime Minister Mark Carney will dissolve Parliament and call an election this coming Sunday. We don't know yet what day Canadians will be casting their ballots, but we do know the campaign period must be at least 37 days and no more than 51. It means the race will officially get underway just two weeks after Carney replaced Justin Trudeau as Prime Minister. First it was the United States, now it's China.

As of today, Canada is in a trade war with two of the most influential economies in the world. Beijing made its move at midnight implementing stiff retaliatory tariffs on Canadian seafood and Canadian agriculture products. Lisa Sheng reports. It's devastating to our bottom line. Andre Harp, chair of the Canadian Canola Growers Association, says he's watched the value of the crop he grows drop since November. The uncertainty of it, we can't survive with that. In effect now, China's 100%

tariffs on Canadian canola oil and peas and 25% on seafood and pork. A tit-for-tat after Canada followed the US, slapping corresponding tariffs on Chinese-made electric vehicles and steel and aluminum last fall. So Harp is calling on the federal government to drop the EV tax, saying there may be some room to negotiate since canola seed was spared from this round of tariffs, the majority of which goes to China. It feels like I'm sitting on a park bench between two elephants. Farmers say the federal government bolstering a loan program isn't good enough. It hasn't responded to CBC News about whether it would consider taking off the EV tariff.

Lisa Sheng, CBC News, Toronto. All this economic anxiety has investors doing what they always do in uncertain times. They're buying gold. And as a result, the price per ounce is at an all-time high. Arthur White Crummy has more. 10 gram gold bars here. Canada Gold did brisk business during the pandemic, selling bullion from storefronts across the country.

The COVID-19 shutdowns caused stock markets to tank, and Canadians gobbled up gold as a safe haven. Now, Donald Trump's tariffs are driving a new wave of economic anxiety, and CEO Tyler Whitmore says Canadians are coming back for more. We typically place one major order per month, and at the moment we're placing two orders per week. Larissa Sprott is president of Sprott Money, where sales of gold and silver are up 25%

compared to last year. She says people always look for safety when there's fear in the markets. There's a feeling of like, I actually have a physical asset. If something were to happen, I've got it on hand. TD Bank is also seeing a bump in its precious metal sales. Global head of commodity strategy Bart Melick says gold offers protection. We tend to think that gold will move fire. This week, the price of one ounce of gold neared $4,400.

Arthur Waikremi, CBC News, Ottawa. Health officials in Gaza say at least 58 people have been killed today, as this week's renewed Israeli military campaign in the territory is now into its third day. But is Israeli Defense Minister Israel Katz threatening, quote, complete destruction and devastation unless all Israeli hostages are released by Hamas? A special meeting of the UN Security Council has been called for tomorrow. The International Olympic Committee is electing a new president today. The winning candidate will become just the 10th president in the IOC's 131-year history.

They will be given an eight-year mandate to, among other things, steer the Olympics on a smooth path toward the 2028 Summer Games in Los Angeles and oversee the selection of the host city for 2036. Oxford University is out with its annual happiness index, and it shows for the eighth year running, Finland is home to the happiest people on Earth. Denmark and Iceland round out the top three. As for Canada, we're 18th. In the United States, it has dropped to its lowest position ever, falling down to 24. And that is The World This Hour. For news anytime, go to our website, cbcnews.ca.

For CBC News, I'm Joe Cummings.