The World This Hour - The World This Hour for 2025/05/09 at 12:00 EDT

Episode Date: May 9, 2025

The World This Hour for 2025/05/09 at 12:00 EDT

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% last month from 6.7 in March. But Statistics Canada is saying it actually could have been worse.

Major job losses in manufacturing were offset by more than 37,000 job hires related to the election. So most analysts agree that next month's report will offer a clearer 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 Duhatchuk 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. The owner of WestJet is selling 25 percent of the Calgary-based airline. Onyx is reporting that a 15 percent stake will go to Delta Airlines, with the other 10 percent going to Korean Air. Both those airlines have been WestJet partners now for more than a decade. Combined, the deal is worth more than $750 million. With the global community watching on with growing concern, the Indian and Pakistani militaries continue to exchange fire across the Kashmir region. Salima Shivji has the latest.

Salima Shivji 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 JD 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. Russia is marking the 80th anniversary of the defeat of Nazi Germany. That's the military parade today in Moscow's Red Square. Russian President Vladimir Putin was center stage along with more than 20 foreign leaders, including Chinese President Xi Jinping.

Putin delivered an address and compared the war against Germany to Russia's current war with Ukraine. 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. This is Dean Chapel. That is Leo XIV, just one day after taking over from the late Pope Francis. 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. And that is The World This Hour. For CBC News, I'm Joe Cummings.