The World This Hour - The World This Hour for 2025/04/08 at 02:00 EDT

Episode Date: April 8, 2025

The World This Hour for 2025/04/08 at 02:00 EDT

Scott Payne spent nearly two decades working undercover as a biker, a neo-Nazi, a drug dealer, and a killer. But his last big mission at the FBI was the wildest of all. I have never had to burn baubles. I have never had to burn an American flag. And I damn sure was never with a group of people that stole a goat, sacrificed it in a pagan ritual, and drank its blood. And I did all that in about three days with these guys. Listen to Agent Palehorse, the second season of White Hot Hate, available now. From CBC News, the world is sour. I'm Neil Kumar.

Ex-Prime Minister Stephen Harper endorsed conservative leader, Pierre Poliev, at a packed rally in Alberta tonight. Marina von Stalkeberg has more on Harper's rare political appearance. We are just south of Edmonton at Pierre Poliev's rally. His organizers say this is the biggest one yet, more than 12,000 people, and an important one for Poliev because tonight he got the endorsement of former Prime Minister Stephen Harper. Have a listen. From a person who has been right on all the big issues for a decade and a person who has the energy and yes the youth to take us forward into a better stronger and more united future. But Harper did have a few key things to say. He said that he was in a unique position to talk about the leader

because he is the only person where both the people running worked for him. Of course, referencing Mark Carney as the former Bank of Canada governor while Stephen Harper was the Prime Minister. He said that his choice for Prime Minister, in his words, without a shadow of a doubt, is Pierre Pauliev. He says he has known him for over a quarter of a century, that he worked hard, he fought and he learned, and that he has the political experience and that that is the most important characteristic. Marina von Stackelberg just south of Edmonton

here. 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's threatening China with additional 50% tariffs if Beijing does not withdraw its 34% 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, with London closing at its lowest level in more than a year. Liberal leader Mark Carney says the probability of a recession in the US has gone up significantly because of the terror 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%, 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 Liev 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 tear faction 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. With international markets plummeting and threats of a global recession, the price of oil is dropping too, and Alberta has been hit the hardest. Madeline Cummings reports. I think right now we have to take some deep breaths. It's still early days. The price of U.S. crude oil plunged below $60 a barrel. Oil and gas were exempted from Donald Trump's latest tariffs, but ATB Financial's chief economist Mark Parsons says investors are increasingly concerned about the global demand for oil decreasing.

The biggest fears? The US recession, a global slowdown and higher inflation. That could mean job losses. If oil prices stay low and persistently low, and that's the key, the duration is key here, then you start to see oil and gas companies looking at cutting back on capital investment and that's where it hits employment.

But Parsons says the industry is more resilient than it used to be. Canadian oil prices are relatively strong and the Trans Mountain expansion has increased pipeline capacity. Madeline Cummings, CBC News, Edmonton. And that is Your World This Hour. For CBC News, I'm Neil Kumar.