The World This Hour - The World This Hour for 2025/04/07 at 11:00 EDT

Episode Date: April 7, 2025

The World This Hour for 2025/04/07 at 11:00 EDT

You know what I'd like to hear people say more often? I'm not sure. Let me think about that. I'm Nala Ayed, host of Ideas, a podcast that brings you deep thought every day. We're a show for listeners who like to slow down, to check their assumptions, and maybe even change their minds. If that's you, find and follow ideas wherever you get your podcasts. From CBC News, it's the world this hour.

I'm Joe Cummings. The North American stock markets are in free fall again today, as investors continue to respond to the Trump tariff campaign. As expected, there are steep losses right across the board. But in an example of just how volatile the markets are, there was a brief moment this morning when it looked like the sell-off might be coming to an end. Here's Peter Armstrong. We just had a wild swing in markets as a social media account claimed the White House was considering a 90-day pause.

Markets surged, they quickly bounced back into positive territory, but then as people asked where the source was coming from, it turned out, as best we can tell at least, this was coming from a senior advisor to the White House who was asked about the idea of implementing a pause and would only say the president will do what he does. And now markets are all back in the red. One reporter says this swing of the rumor, the correction, the rally and the sell off moved about $4 trillion in market value in about 15 minutes. Just one more indication of just how wild and volatile markets are on this story. Peter Armstrong, CBC News, Toronto.

Meanwhile, acting as Prime Minister, Mark Carney discussed the Trump tariffs yesterday with British Prime Minister Keir Starmer. Carney's office is saying the discussion centered on the need for the two countries to strengthen their economic ties to counter, quote, the unjustified U.S. trade action. Both leaders say they agree that the old relationship they've enjoyed with the United States is now over. Conservative leader Pierre Polyev is on social media today promising that a conservative government would cut the red tape involved in launching new energy projects.

Pierre Polyev, Conservative Leader, United States of America We will have one environmental review for one project. Instead of having multiple reviews that duplicate each other and achieve no extra ecological benefit, we will ensure that all of those reviews are collapsed into a single effective review that we partner with other levels of government to agree upon. Aaron Ross Powell There are differences, but this is essentially matching a promise made earlier by the Liberals. Before the election was called, Mark Carney

met with the premiers and announced a one-project, one-review development plan. On the campaign trail today, Carney is in Victoria, while Poliev is in B.C. as well. He's in Terrace. NDP leader Jagmeet Singh is campaigning in Toronto. The bloc's Yves-Francois Blanchet is in Montreal. And Green Party co-leader Elizabeth May is in Guelph, Ontario. Israeli Prime Minister Benjamin Netanyahu is in Washington today for tariff and trade

talks with the Trump White House, but he can expect to face questions on the latest Israeli airstrikes on Gaza. Palestinian journalists are saying they were among those targeted. Crystal Gamansing reports now from London. At around 3 a.m. we woke up on an explosion next to us says Abshat. The Palestinian journalist and his colleagues were sheltering in tents in Han Younis. They were hit by an Israeli airstrike overnight. Palestinian medics say a journalist was one of two people killed in the attack. Nine other journalists

also sheltering near the Nasser medical complex were injured. The strike comes as Israel faces scrutiny for changing its story about what happened in southern Gaza on March 23rd. A convoy of emergency vehicles came under fire. Video surfaced contradicting Israel's claims that the vehicles did not have lights or emergency signals on. Fifteen people were killed. Crystal Gamansing, CBC News, London. About 55,000 Ontario homes and businesses are still without power today, ten days after an ice storm swept across the region. Central Ontario was the hardest hit with the Coortha Lakes area in and around Peterborough making up nearly half of the remaining outages. At the worst of it all last week, more than a million customers were affected.

And that is The World This Hour. For news anytime go to our website cbcnews.ca. For CBC News, I'm Joe Cummings.