The World This Hour - The World This Hour for 2025/03/24 at 23:00 EDT
Episode Date: March 25, 2025The World This Hour for 2025/03/24 at 23:00 EDT...
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From CBC News, The World This Hour, I'm Neil Herland.
Day two 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 Poliev 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 worked hard to build our country. It would cost the federal treasury some
$14 billion a year. Poly of 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 1 percent, his proposal is lower than the one promised
by the conservatives. Carney says his cut is designed to offset the lost carbon tax rebate
payments. In this election the question is who's going
to 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-controlled 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 Strachan reports.
At this Bay store in Scarborough, Ontario, shoppers came early looking for deals.
Many left disappointed.
They're 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 and pepper spray. It's night six of these demonstrations,
which broke out after Istanbul's popular mayor was arrested and later jailed on corruption
charges. Mayor Ekremi Mamlu is seen as the biggest challenger to Turkish President Recep
Tayyip Erdogan in the upcoming election.
And that is your World This Hour.
For CBC News, I'm Neal Herland.