The World This Hour - The World This Hour for 2025/04/07 at 20:00 EDT
Episode Date: April 8, 2025The World This Hour for 2025/04/07 at 20:00 EDT...
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From CBC News, the world this hour, I'm Gina Louise Phillips.
It's the only chance we're going to have to reset the table on trade.
U.S. President Donald Trump is not backing down from his tariff threats amid the market turmoil.
He is threatening China with additional 50 percent tariffs if Beijing does not withdraw
its 34 percent retaliatory tariffs on US-made goods.
US stocks tumbled for a third day in a row but recovered somewhat to close only modestly
lower. Asian stocks plunged
by levels not seen in decades, and in Europe, the biggest stocks continued to slide, London
closing with its lowest level in more than a year.
Liberal leader Mark Carney says the probability of a recession in the U.S. has gone up significantly
because of the tariff war. Other federal political leaders are also responding to mounting stock
market losses. And across the spectrum, Canadian politicians are blaming the volatility on
Donald Trump. David Thurton reports.
What's going on is a direct consequence of President Trump's unjustified tariffs.
Liberal leader Mark Carney addressing the market turmoil. Liberals, he said, were reduced by
25 percent, the minimum that must be withdrawn
from registered retirement income funds.
Conservatives already announced something similar,
also allowing working seniors to earn up to $34,000 tax-free.
Pierre-Paul Lievre said retirees shouldn't pay
for Donald Trump's economic vandalism.
We have to acknowledge that this chaos is the direct result
of wrong-headed, unnecessary,
chaotic policies coming from President Trump.
NDP leader Jagmeet Singh spoke about his proposals.
Victory bonds are a way for Canadians to actually have stability.
The New Democrats promising to bring back government savings bonds with a guaranteed
return.
David Thurton, CBC News, Ottawa.
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.
Feelings over Western separatism continue to simmer 16 days into the election campaign.
A new poll shows a notable chunk of Albertans say they would vote to leave Canada if the
Liberals win another term.
Julia Wong has the latest.
There is a lot of frustration on the part of Albertans.
Alberta Premier Danielle Smith says feelings of being treated unfairly by Ottawa have persisted in the province the last 10 years, and she blames the Liberals.
A recent Angus Reid poll found 1 in 4 Albertans polled say they would vote to have their province
become its own independent country.
In Saskatchewan, 1 in 5 polled said the same.
Monday, Smith was asked whether she wants Alberta to leave Canada.
I want for us to be able to build economic corridors.
I want us to be able to develop all of our resources from oil and gas all the way through
to critical minerals and beyond.
I put forward a list of nine items that I think would allow for us to have a reset in
our relationship with the Federation, depending on who wins in three weeks' time.
Smith says she will assess where things are at six months after the election, saying she
judges people by their actions more than their words.
Julia Wong, CBC News, Ottawa.
The Israeli military has released initial results of its probe into the killing of 15
emergency workers in South Gaza.
The workers were shot dead on March 23rd 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. And that is your World This Hour. For CBC News, I'm
Gina Louise Phillips.