The World This Hour - The World This Hour for 2025/05/09 at 10:00 EDT
Episode Date: May 9, 2025The World This Hour for 2025/05/09 at 10:00 EDT...
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How did the internet go from this?
You could actually find what you were looking for right away,
bound to this.
I feel like I'm in hell.
Spoiler alert, it was not an accident.
I'm Cory Doctorow, host of Who Broke the Internet
from CBC's Understood.
In this four-part series, I'm going to tell you
why the internet sucks now, whose fault it is,
and my plan to fix it. Find Who Broke
the Internet on whatever terrible app you get your podcasts.
From CBC News, it's the World This Hour. I'm Joe Cummings. In the midst of the Trump administration's
tariff campaign, Canada's unemployment rate is on the rise. It moved up to 6.9 percent last month from
6.7 in March. But Statistics Canada says it could actually have been worse. Big
job losses in manufacturing were offset by more than 37 job hires related to the
election. So most analysts agree that next month's report will offer a clear
picture of how the job market is being affected by the Trump White House.
Still with the Trump tariffs, they have, of course, led to economic
instability right around the world, and that is driving down the price
of oil, which is bad news for the American oil sector, but not so much
for the Canadian oil patch.
Paula Duhatschek explains. You know, it's a 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.
With the global community watching on with concern, again today the Indian and Pakistani
militaries are exchanging fire across the Kashmir region.
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 morning.
And fears of the tensions escalating further into an all-out war are deepening.
We can't control these countries though.
These comments from US 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 new Pope has held his first mass.
As we celebrate this morning, I invite you to recognize the
marvels that the Lord has done, the blessings that the Lord continues to
pour out upon all of us.
Stephen Chappell At the Sistine Chapel, that is Leo XIV,
just one day after taking over from the late Pope Francis. And as we heard there, part of his
homily was in English. That's after he spoke in Italian and Spanish last night when making his
first comments to the world from St. Peter's Basilica. The Edmonton Oilers have taken a
2-0 lead in their second round playoff series with
Las Vegas.
Game 2 to Edmonton.
Final 5-4 in overtime.
Oilers forward Leon Drysidle scored the game winner.
He's the hero and that series now moves to Edmonton for games 3 and 4.
Tonight the Toronto Maple Leafs are in Florida looking to go up three-nothing in their series
with the Panthers.
And the Winnipeg Jets, who are down one-nothing in their best of seven with Dallas, play host
tonight to the Stars.
And that is The World This Hour.
Remember, you can listen to us wherever you get your podcasts.
The World This Hour is updated every hour, seven days a week.
For CBC News, I'm Joe Cummings.