The World This Hour - The World This Hour for 2025/04/03 at 20:00 EDT

Episode Date: April 4, 2025

The World This Hour for 2025/04/03 at 20:00 EDT

The world we live in isn't perfect. This is all wrong. I say put mental health first. But it doesn't get any better on its own. I stand before you as a concerned citizen. That's why we talk to activists about how they do what they do and what inspires them to keep going. Because we're all about change.

Listen to stories that give us all hope on all about change wherever you get your podcasts. From CBC News, the world this hour, I'm Julianne Hazelwood. Prime Minister Mark Carney has unveiled Canada's response to U.S. tariffs on Canadian vehicles and warned more is coming. Marina von Stackelberg reports. We must respond with both purpose and force. Prime Minister Mark Carney pausing his election campaign to announce how Canada will retaliate against the latest U.S. tariffs.

Ottawa will slap a 25% levy on all vehicles imported from the U.S. that don't comply with the current free trade agreement. Carney says billions of dollars raised from those countermeasures will go directly to the Canadian auto industry and their workers. We take these measures reluctantly, and we take them in ways that's intended and will cause maximum impact in the United States and minimum impact here in Canada.

Carney says Donald Trump's decision to levy tariffs on almost every country has fundamentally changed the world's financial system. He does not have a call scheduled with the U.S. president. Marina von Stackelberg, CBC News, Ottawa. On the campaign trail, Conservative leader Pierre Paliév pledged to support workers affected by the Trump tariffs, but he also attacked the Liberal leader. Just last Friday, Mark Carney said he had a quote, very productive, very constructive

call with President Trump, citing progress. Unfortunately, Canada has not been spared. There is no progress and there was nothing constructive or productive about Trump's tariff announcement. Poliev says if elected, his government would remove the GST on Canadian-made vehicles. The NDP's latest campaign pitch is a throwback to the Second World War. Leader Jagmeet Singh is proposing the federal government start selling a new kind of victory bond to help Canada fight the trade war. Janice McGregor explains. The threat of Donald Trump has made Canadians say what can I do to stand up and defend my country? Standing in front of the

National War Memorial in Ottawa, Jagmeet Singh said it's time for some patriotic investing. A victory bond would be a guaranteed investment where you would purchase a bond, a five-year or ten-year, and if you hold it to maturity, you would get all the revenue tax-free. The NDP's plan would use the money that Canadians invest to fund infrastructure to make Canada more competitive. Instead of paying interest to banks, the proceeds from this debt would flow back to Canadians who step up. This is an opportunity for Canadians to invest in our country. The federal government stopped issuing Canada savings bonds in 2017. They were expensive to administer and

uptake fell over time. Singh says he gets that in a tough economy, not everyone has extra to invest right now. But for those who do, victory bonds could help Canada fight back. Janice McGregor, CBC News, Ottawa. Financial markets around the world flailed today after President Trump's latest tariffs. Markets across North America took heavy losses, with some indexes showing the biggest drops since 2020. Anissa Adari has the details. The day started off with the traditional opening bell and cheers at the New York Stock Exchange,

but far fewer cheers as the market closed with a lot of red on the charts. A hair under a 4% drop in the New York index. And it's not the only one that fell. The Toronto Stock Exchange down more than 3.8%. Tech-heavy NASDAQ took a beating, down almost 6%. These big market drops likely a response to the tariffs American consumers and businesses will pay to import anything from regions like Europe and China. Apple stock, for example, taking a big drop. iPhone components, made in China, now face a total tariff of more than 50%. As for Canada, the dollar here hitting around 71 cents US. But that's less about anything domestic. It's more that along with US markets, the US dollar dropped too.

And he's hit our CBC News, Calgary. And that is your World This Hour. You can listen to us wherever you get your podcasts updated every hour seven days a week. For CBC News, I'm Julianne Hazelwood.