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

Episode Date: April 8, 2025

The World This Hour for 2025/04/08 at 04:00 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. Former Prime Minister Stephen Harper made an appearance at a rally

for Conservative leader Pierre Poliev in Alberta on Monday night to endorse him and boost his campaign. Olivia Stavanovic has more. Canada right now needs change more desperately than it perhaps ever has. Former Prime Minister Stephen Harper taking the stage in a large warehouse outside of Edmonton to give party leader Pierre Poliev's campaign a boost. Harper endorsed Poliev in front of a crowd of thousands who lined up for hours to get into the rally. They cheered as Harper took a few swipes at Liberal leader Mark Carney who was governor of the Bank of Canada when he was in power. I say that as the guy who actually did lead Canada through the global financial crisis.

Harper also tried to blunt criticism about Poliev being a career politician by describing his political experience as the single most important skill set for a prime minister. Olivia Stvanovich, CBC News, Nisku, Alberta. 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 percent 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 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 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 you have to take some deep breaths. It's still early days. The price of US 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? 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 when 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 Neel Kumar.