The World This Hour - The World This Hour for 2025/03/24 at 21:00 EDT
Episode Date: March 25, 2025The World This Hour for 2025/03/24 at 21:00 EDT...
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From CBC News, the world this hour, I'm Neil Herland. It's the first full day of the federal
election campaign, and both the conservatives and liberals are promising income tax cuts.
Conservative leader Pierre Polyev says he will find government efficiencies to fund
them.
He made the announcement in Brampton, Ontario.
JP Tasker has more.
This is a tax cut that will put Canada first.
The conservative leader is pitching a new tax cut and a bid to win over voters.
Pierre Polyev wants to slash the lowest tax bracket from a bid to win over voters. Here, Polyev wants to
slash the lowest tax bracket from 15% to 12.75. It would save nearly everybody who
pays income tax some money. A worker earning $55,000 a year would keep an
extra $900 if this goes ahead. This is a tax cut for everybody who has ever
got up early in the morning and work hard to build our country.
It would cost the federal treasury some 14 billion dollars a year.
Poliev says he'll slash spending elsewhere to pay for it.
We will cut back on foreign aid to bring our money home to this country.
Liberal leader Mark Carney has also announced what he's calling a middle class tax cut,
but it's smaller. JP Tasker, CBC News, Brampton, Ontario.
Prime Minister Mark Carney says he hasn't spoken with Donald Trump, but he says the president's
likely waiting for the outcome of Canada's federal election before calling the winner.
I'm available for a call, but, you know, we're going to talk on our terms as a sovereign
country, not as what he pretends we are, and on a comprehensive deal.
The Liberal leader spoke during a campaign stop in Gander, Newfoundland,
a symbolic location in Canada-U.S. relations. As you heard, he's also promising a tax cut
for people in the lowest bracket. At one percent, his proposal is lower than the one promised by the
conservatives. Cardy says his cut is designed to offset the lost carbon tax
rebate payments. In this election the question is who's gonna build homes you
can actually afford? The New Democrats are promising they will build affordable
housing only on federal land. Jagmeet Singh made the announcement on an empty
plot of federal land in Montreal.
He's promising 100,000 new rent control homes by 2035. Singh also pledges to fast-track approvals
of those projects and train more construction workers. In other news for the Hudson Bay Company,
today marks the beginning of the end. Liquidation sales are underway at most Bay stores across the country.
Even as the company continues to search
for a way to restructure.
Jamie Strashen reports.
At this Bay store in Scarborough, Ontario
shoppers came early looking for deals.
Many left disappointed.
The same prices from weeks and weeks ago.
I think you have to kind of search
a lot of the stuff that I was looking for
isn't there anymore. At more than 70-bay stores across the
country prices are expected to be cut as the centuries-old company winds down
operations. Jonathan Ordon owns liquidation company Danbury Global and
says prices are initially likely to be reduced by 15 to 20 percent. But as the
sale progresses usually the discounts are going to increase and as it increases the quantity of inventory and the selection of inventory
diminishes. Bay stores are slated to remain open until June 15th. Six stores all in the
Greater Toronto and Montreal areas are not part of the liquidation process. The company
currently owes nearly a billion dollars to almost 2,000 creditors. Jamie Strash in CBC News, Toronto.
Now to Turkey.
Tens of thousands of people are protesting, many of them clashing with police outside
the City of Istanbul building.
Fireworks and objects were thrown at riot squad members.
They responded with rubber bullets,
sending black pepper spray into the crowds
to push them back.
It's night six of these demonstrations,
which broke out after Istanbul's popular mayor
was arrested and later jailed on corruption charges.
Mayor Ikrami Mamlu is seen as the biggest challenger
to Turkish President Recep Tayyip Erdogan
in the upcoming election.
Erdogan is blaming the main opposition for instigating the country's biggest protests
in more than a decade.
And that's the CBC News.