The World This Hour - The World This Hour for 2025/04/07 at 15:00 EDT

Episode Date: April 7, 2025

The World This Hour for 2025/04/07 at 15:00 EDT

How do you know when an idea is worth your time? I'm Nala Ayed, host of Ideas. Join me as we deep dive into the stories and ideas that shape us. No topic is off limits, from the allure of authoritarianism to what we can learn from the average cat. Find and follow Ideas wherever you get your podcasts. From CBC News, the world this hour. I'm Gina Louise Phillips. It has been another rocky trading day for global stock markets from Asia to Europe to North America. Investors

are worried Donald Trump's tariffs could crash the world economy. Nisha Patel reports. North American indexes opened deep in the red. Then stocks jumped into positive territory on speculation a tariff pause was on the way. But the White House called that fake news, which prompted markets to tank again. Obviously, it's a moving target. From today's action, it seems that the market is trying to find a bottom. Barry Schwartz, chief investment officer at Baskin Wealth Management, says traders are looking for clarity on the impact of tariffs. There'll be some bargain hunters coming in looking for stocks that have

been beaten up to a pulp, trying to figure out the winners and losers in this new environment. The S&P 500 is nearing a bear market and the NASDAQ has already plummeted 20% from recent levels. Wall Street CEOs have started warning of the negative consequences of tariffs saying they will lead to slow growth and high inflation. Trump however doubled down threatening to raise tariffs further against China. Nisha Patel, CBC News, Toronto. Liberal leader Mark Carney is saying stock market turbulence is evidence investors aren't as confident as Donald Trump is about tariffs

and Canadians will end up paying the price. The probability of a recession in the United States has gone up significantly. You see that from independent commentators and something that we had warned about and I take no joy in it becoming more likely. That will have significant effects on the Canadian economy. It's very hard for us to avoid that. Carney says Canada has rock-solid financial institutions to weather the economic storm. On the campaign trail, Conservative leader Pierre Poliev is pitching a new way to speed up energy projects. He's promising to cut red tape and have one environmental review.

Olivia Stefanovic brings us that story. I call it one and done. Conservative leader Pierre Poliev pitching a new rule for resource development. One application, one environmental review. We need to move at the speed of business to bring our jobs home and become self-reliant. Liberal leader Mark Kearney also said he would create one environmental review for energy projects going forward. Polyev says his plan would create a deadline, ensuring those evaluations are done within

six months to one year. The Conservative leader is also promising to greenlight ten energy projects stuck in the federal approval stage, including a massive natural gas liquefaction project in northern BC the second phase of LNG Canada. Olivia Stefanovic, CBC News, Edmonton. NDP leader Jagmeet Singh was in Toronto talking about his plan for a 16 billion dollar fund. That money to build three million homes over the next five years, and to make them affordable. All this money that we're talking about is going to come with a condition that's going

to require that municipalities and provinces put in place laws like rent control, banning fixed term leases, banning rent evictions and dem evictions, empowering tenant unions to negotiate with landlords. He says there's no point building homes people can't afford. The Israeli military has released initial results of its probe into the killing of 15 emergency workers in South Gaza. The emergency workers were shot dead on March 23 and buried in shallow graves. The military says troops opened fire because they identified some Hamas militants nearby.

Yunus al-Khatib is the president of the Palestinian Red Crescent Society. He calls the killings a crime and is demanding an independent investigation. These 15 men represent all those who were killed for the sake of saving lives, for the sake of humanity. And justice was not brought to them. We hope this time, and through these 15 men, we can bring justice. The emergency workers were from the Red Cross, Red Crescent, UN, and the Palestinian Civil Emergency Service. That's Your World This Hour.

I'm Gina Louise Phillips.