The World This Hour - The World This Hour for 2025/04/07 at 10:00 EDT

Episode Date: April 7, 2025

The World This Hour for 2025/04/07 at 10:00 EDT

How are Canadians bracing for a full-on trade war? Without U.S. buy-in, can Canada really help Ukraine? And is Canadian patriotism messing with conservative strategy? We explore questions like these on Power and Politics, CBC's only political daily. I'm David Cochran. I speak to the key players in the political stories everyone is talking about. You'll hear from those who've got the power, those who want it, and those affected most by it. You can find Power & Politics wherever you get your podcasts,

including YouTube. From CBC News, it's the World This Hour. I'm Joe Cummings. Trading is underway for another week on the North American stock markets and the investor sell-off continues at an alarming rate, all in response to the Trump administration's global tariff campaign. Here's Peter Armstrong. As expected, North American markets have continued and steepened their sell-off. The S&P 500 has dropped by as much as 5.9% just since the open, the

Dow Jones, the NASDAQ, all hurtling downward after China posted its worst day since 2008, Hong Kong's worst day since 1997, Europe was clobbered. And at the heart of this is a question about what the Trump administration really wants to do and the goalpost and what a victory is keep shifting. Is it China saying they'll lift tariffs? Is it countries saying they'll restructure their national sales taxes? Or is it major companies saying they'll move more manufacturing into the United States?

The sad thing is no one actually knows the answer to that and that uncertainty is what has been feeding this market sell-off since it began last week. Peter Armstrong, CBC News, Toronto. Meanwhile, Canada has requested a dispute consultation with the World Trade Organization. It's in response to Trump's tariff action against the Canadian auto sector. Canada says the measures violate U.S. obligations under various trade provisions that, in some cases, date back more than 30 years. Now to the federal election campaign. Both Liberal leader Mark Carney and Conservative leader Pierre Poliev are in B.C. today. They're both targeting writings they feel they can

flip, but they're doing so talking about two very different issues. Karina Roman reports. This is Liberal leader Mark Carney's first time in BC during the election. Until now he had not been further west than Winnipeg. But then so far he's twice paused campaigning to return to Ottawa and deal with the latest tariff salvo from the Trump administration. And it's not over. If you saw the headlines over the weekend, more coming on our softwood lumber, 50,000 people employed. Carney is set to meet with BC Premier David Eby today, specifically on the move by the

US to hike duties on softwood lumber. But Carney's not the only leader in BC right now. British Columbia is probably the worst place for fentanyl overdoses in the world. Conservative leader Pierre Pauliev is addressing another hard-to-solve problem in this province, fentanyl addiction and deaths. I'm here today to announce that a new Conservative government will fund recovery for 50,000 Canadians who need it. Karina Roman, CBC News, Victoria. As for today's campaign schedule, Mark Carney is in Victoria,

Pierre Poliev still in BC as well, he's in Terrace. NDP leader Jagmeet Singh is campaigning in Toronto, the Bloc's Yves-Francois Blachette is in Montreal, and Green Party co-leader Elizabeth May is in Guelph, Ontario. Still with the election campaign, today is the deadline for all parties to submit their final nomination papers. And at this point, three parties are confirming that they will have candidates running in every riding.

Kate McKenna has more. KATE MCKENNA The Liberals, Conservatives, and NDP all say they're running a full slate of 343 candidates in this federal election. The Green Party hasn't responded to a request for comment, but has committed to running in every riding. The deadline to finalize nominations is today at 2 o'clock. Last week, parties dropped a number of candidates after controversial comments they had made resurfaced.

We may be seeing more of that this week. After today, if parties remove someone from their ticket, they can't replace them. For that reason, sometimes parties withhold opposition research they've done until after the candidate deadline so that if more controversial comments arise, parties won't be able to put up a backup contender, essentially taking them out of that ridings race. Kate McKenna, CBC News, Ottawa. And that is the World This Hour. You can listen to us wherever you get your podcasts. The World This Hour is updated every hour, seven days a week. And for news anytime, go to our website, cbcnews.ca.

For CBC News, I'm Joe Cummings.