The World This Hour - The World This Hour for 2025/04/09 at 17:00 EDT

Episode Date: April 9, 2025

The World This Hour for 2025/04/09 at 17:00 EDT

When a body is discovered 10 miles out to sea, it sparks a mind-blowing police investigation. There's a man living in this address in the name of a deceased. He's one of the most wanted men in the world. This isn't really happening. Officers are finding large sums of money. It's a tale of murder, skullduggery and international intrigue. So who really is he? I'm Sam Mullins and this is Sea of Lies from CBC's Uncovered, available now.

From CBC News, the world this hour, I'm Gina Louise Phillips. Donald Trump is backing down from his global tariffs plan for now. The US president says he is implementing a 90-day pause on new tariffs while trade negotiations continue. China is exempt from that change and its imports will now be taxed a whopping 125%. Following Trump's announcement, US stocks skyrocketed to historic gains. But as Peter Armstrong reports, the financial turmoil is far from over. This was as sharp a rally as we've seen in some time. Major markets were trying to find their way into positive territory and snap this four-day

losing streak. Then came along this news of a pause and stocks just absolutely soared. 10% on the S&P 500. The Dow went up nearly 3,000 points, the NASDAQ up 12%. But all that enthusiasm doesn't factor in the very real tariff threats that remain. The Chinese tariffs significantly escalate the trade war between the two biggest economies in the world. And even a 10% baseline will slow growth in global economy and drive up prices in the United States. So the volatility we've seen on markets is far from

finished. Peter Armstrong, CBC News, Toronto. Pete Hoekstra has been confirmed as the new US Ambassador to Canada. The Trump nominee received bipartisan support from the US Senate this afternoon. The Republican politician represented Michigan in Congress for nine terms and is a former ambassador to the Netherlands. He assumes the role amid strained relations between the two neighbors. Now to the federal election campaign, conservative leader Pierre Polyev was in Sault Ste. Marie, Ontario, rolling out a tough-on-crime promise. Three strikes, you're out means that anyone convicted of three serious offenses will be

ineligible thereafter for bail, probation, parole or house arrest. And they will serve a minimum of 10 years behind bars. Polyev also says those with three convictions will be designated as dangerous offenders. It means they won't be released until they can prove they are no longer a danger to society. Liberal leader Mark Carney says he has a plan to make Canada an energy superpower and create thousands of good-paying jobs. He says the country needs to invest in both conventional energy, oil and gas, and in clean energy. Our system of investment tax credits are promoting a generational investment in clean energy. Our system of investment tax credits are promoting a

generational investment in clean energy, in making oil and gas the lowest emission and therefore the most competitive in the world. They will unlock more solar, more wind, more nuclear, more geothermal, more hydrogen, more biofuels. Carney also announced plans to get Canada's oil and gas and critical minerals to market and pledge to diversify the country's trading partners. New Democrats are promising to get pharmacare done.

Jagmeet Singh says it was the NDP who forced the Liberals to implement the first phase of drug coverage. And if enough New Democrat MPs are elected, they'll get the next phase done before the end of the decade. David Thurton has more. These are the medications that are most often prescribed. This is going to give a lot of relief to people that are worried about being able to afford their medication.

Jagmeet Singh says he will fight like hell to expand pharmacare. At the moment, a handful of provinces have signed agreements to implement free public coverage for contraceptives and diabetes medications and devices. New Democrats would expand that to about 100 of the most prescribed medications. So if you want pharmacare to happen, if you want us to move forward with pharmacare and you want essential medications to be covered, vote for a New Democrat. Re-elect your New Democrat incumbents, those that have fought for you.

David Thurton, CBC News, Ottawa. And that is The World This Hour. For news anytime, visit our website, cbcnews.ca. For news anytime, visit our website cbcnews.ca. For CBC News, I'm Gina Louise Phillips. Thanks for listening.