The World This Hour - The World This Hour for 2025/05/09 at 08:00 EDT

Episode Date: May 9, 2025

The World This Hour for 2025/05/09 at 08:00 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, it's the world this hour. I'm Joe Cummings. First to Vatican City and the new pope has held his first mass. As we celebrate this morning, I invite you to recognize the marbles that the Lord has done, the blessings that the Lord continues to pour out upon all of us. The Sistine Chapel, that is Leo XIV, just one day after taking over from the late Pope Francis. It was the first time Leo has made remarks in English. Last night he spoke in Italian and Spanish when making his first comments

to the world from St. Peter's Basilica. And there's more to come. The Vatican is saying that Leo will deliver his first noon blessing from the central balcony above St. Peter's Square on Sunday. Again today, the Indian and Pakistani militaries are exchanging fire across the Kashmir region. And while the global community watches on with concern, the United States is saying it has no plans to mediate an end to the hostilities.

Salima Shivji has the latest. There's been an exodus along the contested border as the conflict has rapidly spiraled. India and Pakistan are each blaming the other for ramping up attacks. New Delhi says Pakistani armed forces launched widespread drone attacks along the entire Western border but that the strikes were repelled. Islamabad denies the claims. Pakistani police say at least five people were killed in heavy shelling that continued into mourning and fears of the tensions escalating further into an all-out war are deepening.

We can't control these countries, though. These comments from U.S. Vice President J.D. Vance aren't helping. What we can do is try to encourage these folks to de-escalate a little bit, but we're not going to get involved in the middle of a war that's fundamentally none of our business. It's a shift away from the role of mediator the US has played in the past to dial down tensions, a role that's sorely empty now with the two nuclear powers locked in a military conflict that's already their most serious in decades. Salima Shivji, CBC News, Mumbai.

The Trump administration's tariff campaign has led to economic instability right around the world. That's driving down the price of oil, which of course is bad news for the American oil sector, but not so much for the Canadian oil patch. Paula Duhatschuk explains. You know, it's a bit of a wait and see. Brian Schmidt, CEO of Calgary's Tamarack Valley Energy, staying calm as oil prices plunge. There's no use putting adding production when prices are this low.

The benchmark price of a barrel of oil has fallen about $20 US since January. South of the border, companies aren't just holding oil production steady. Some are actually starting to scale back. But American companies tend to need a higher price for oil just to break even, unlike in Canada where it's a different story. Randy Ollenberger is an analyst with BMO Capital Markets. He says Canadian companies are still profitable now and he expects production to remain the same even if prices keep falling. So the position of the Canadian companies here is actually on a comparative basis much better.

Analysts say Canada can also benefit from the weaker dollar to send more product into the U.S. market, even with a trade war. Paula Duhaczek, CBC News, Calgary. Statistics Canada's latest look at the country's job market is due out this morning. The last report in March saw the market shave off some 30,000 jobs, the biggest job loss in one month in three years. That pullback was triggered by uncertainty caused by the US tariffs, but today many economists are expecting a bit

of a better showing with the forecast by some calling for a gain of more than 2,500 jobs. The Edmonton Oilers have taken a 2-0 lead in their second round playoff series with Las Vegas. Game two to Edmonton, Final 5-4 in overtime! That 5-4 victory came in overtime as mentioned with Leon Drysidle scoring the game winner. The series now moves to Edmonton for games 3 and 4. Tonight the Toronto Maple Leafs from Florida looking to go up 3-0 in their series with the Panthers.

And the Winnipeg Jets down 1-0 in their best of 7 with Dallas play host tonight to the Stars. And that is The World This Hour. For CBC News, I'm Joe Cummings.