The World This Hour - The World This Hour for 2025/04/04 at 12:00 EDT

Episode Date: April 4, 2025

The World This Hour for 2025/04/04 at 12:00 EDT

I've been covering politics for 20 years and I can't remember a time like now when everything we thought we knew has been thrown in the air. From Trudeau's resignation to Trump's tariffs to a spring election during huge shifts in the polls. There's a lot at stake and power and politics is here to guide you through it. I'm David Cochran and on CBC's only political

daily I speak to the key players in this election. From the candidates to the analysts to the journalists on the campaign trail, you can find power and politics wherever you get your podcasts, including YouTube. It's The World This Hour. I'm Joe Cummings. The market fallout continues today in the wake of the Trump administration's global tariff campaign. The S&P-TSX composite is down by more than 800 points in early trading, while the Dow Jones in New York

is down by 3%. And everything from crude oil to big tech continues to freefall. This follows yesterday's across-the-board losses that wipe more than $2 trillion off the books. At the same time, the latest employment numbers are out today for both Canada and the United States, and they're showing Canada's labour market took a major hit last month, losing 33,000 jobs, this while more than 200,000 jobs were added to the American economy.

Peter Armstrong has more. Two very different economies, two very different job markets. In the US, jobs came in way above what economists had been expecting, and it paints the picture of a robust American economy. Unemployment is at 4.2% very low. The question is whether this will stop the bleeding on stock markets. And the problem here is no one seems to know what to make of these numbers. So uncertainty basically overpowers any of the good news embedded in this jobs report.

Here in Canada, a very different picture. Employment fell 33,000. The unemployment rate rose to 6.7% and that weakening comes ahead of the American tariff impact. So less cushion in an already weak economy as it's facing the potential devastation of a trade war. Peter Armstrong, CBC News, Toronto. Now to the election campaign and Liberal leader Mark Carney. He's in Montreal with a promise to strengthen Canadian public broadcasting. Canada's identity and institutions are under attack by foreign interference. And instead of defending them, Pierre Pauliev is following President Trump's lead and taking

aim at our institutions like CBC, Radio Canada. Carney says a Liberal government will give the public broadcaster an immediate $150 million funding boost, and he will ensure long-term stable funding by enshrining it in law. Jagmeet Singh is also campaigning in Montreal, and he's promising that an NDP government will take steps to keep Canadian money out of offshore tax havens. We've got large corporations in Canada that purposely continue to avoid paying their fair share by using tax havens and other loopholes.

It is wrong. We're losing billions of dollars a year. Singh says he'll be launching a review of all tax loopholes currently being exploited by big corporations. As for Conservative leader Pierre Pollyev, he's in Trois-Rivières today. Bloc leader Yves-Francois Blanchet is in the Montreal area, and so too is Green Party leader Jonathan Pednau. Now to South Korea, where the country's constitutional court has removed President Yoon Suk-yul from

office. I declare a forced impeachment unanimously. The claimee, the president, Yoon Sung-nyeol, is officially impeached. The South Korean parliament brought forward the impeachment charges following Yoon's attempt last year to impose martial law. An election now has to be held within the next two months to determine Yoon's replacement. A Canadian actor held for 12 days by US immigration says she considers herself lucky compared to many of the women she met during her time in an American holding cell. Jasmine Mooney was detained on March 3rd after attempting to apply for a US work visa at a Mexican border crossing. From that moment on, no one told me anything.

It was the same answer every single time. I begged, how long am I going to be in here for? What is happening? And it was always the same answer. I don't know your case, I'm just doing my job. With Mooney's experience in mind, legal analysts are advising Canadians who need to apply for a U.S. visa that they should do so at a Canadian airport. This allows them to remain on Canadian soil while their case proceeds.

And that is The World This Hour. For CBC News, I'm Joe Cummings.