The World This Hour - The World This Hour for 2025/05/21 at 08:00 EDT

Episode Date: May 21, 2025

The World This Hour for 2025/05/21 at 08:00 EDT

So our podcast House Party was supposed to end right after the election, but we're really not done with the party yet. Yeah, there's way too much to talk about still with the new government and everything. That's right. House Party is now going until the end of June and I am excited to keep nerding out about politics with you guys. I'm Catherine Cullen. I'm Daniel Thibault. And I'm Jason Markossoff. And you can find House Party in the feed for the house wherever you get your podcasts.

From CBC News, it's the world this hour. I'm Joe Cummings. With Francois-Philippe Champagne serving as host, the G7 finance ministers are meeting today in Banff, Alberta. The Global Finance Summit is being held in advance of next month's G7 Leaders Summit, and while a range of issues are on the agenda, it's worth noting that the Trump tariffs are not.

Anissa Lari has more. Summer in Canada, you know, it's great to have you everyone. Unpredictable weather, as it often is in Alberta, means it's snowing in the Rocky Mountains, as Federal Finance Minister Francois-Philippe Champagne speaks to reporters as the G7 finance minister meetings get underway. Our mission is really about restoring stability and growth. We're going to be talking about a number of things.

That number of things, notably, does not include tariffs, at least not officially. What is on the agenda? Economic resilience, growth policies, and some discussion of a well-functioning global trade system. Peter Beame was a senior Canadian adviser at six previous G7 summits. He says tariffs have definitely influenced the topics at this gathering. So the global economy will be addressed. Downside risks.

I would say tariffs fall into that downside risks category in terms of their impact. Canada's finance minister is also expected to meet with his counterparts from other nations one-on-one through the coming days. Anis Hadari, CBC News, Banff. Iran is saying it is ready to talk about renewing diplomatic relations with Canada. But with a number of factors to consider, including Iran wanting Ottawa to make the first move, there's no guarantee anything will develop in the immediate future. Margaret Evans reports.

Diplomatic relations between Iran and Canada were severed in 2012. The government of then Prime Minister Stephen Harper citing Iran's perceived nuclear ambition and declaring it a threat to international peace and security. The needle on that position has barely moved in 13 years. But at a recent Foreign Ministry briefing, spokesman Ismail Bakhaye said Iran is ready for talks with Canada. The relation was frozen unilaterally by Canada, not by Iran. But he also said it's up to Canada to take the lead. Experts say that's unlikely. There are too many unresolved issues. Not least accountability for the 2020 downing of a passenger plane by Iranian missiles.

Killing all 176 people on board, including dozens of Canadian citizens and permanent residents. Margaret Evans, CBC News, Tehran. Heavy rains have triggered flash flooding across most of southeastern Australia. We have got a situation here where the rain really has been falling quite heavily and quite hard, and it hasn't been moving away. Part of that is because the ground is so saturated. Another part is also because the rivers are swollen.

That is New South Wales Emergency Services Minister, Jahed Dibb. The state is being swamped by record rainfall that is cutting off roads and forcing multiple evacuation orders. Emergency personnel are using boats to rescue stranded residents, and the worst, possibly, is yet to come. Australia's Weather Bureau is saying more than 300mm of rain could fall in some parts of New South Wales over the next 24 hours. The PWHL final is underway, with the Ottawa frost off to a good start.

It's Emily Clark with the overtime winner as Ottawa beat Minnesota last night in game one of the Walter Cup final to won the final score. Game two in this best of five series goes to more night again in Ottawa in the Stanley Cup playoffs. The Edmonton Oilers are in Dallas tonight for game one of the Western Final against the Stars. Dallas advanced by beating Winnipeg in six games while the Oilers eliminated Las Vegas in five. The winner of this series will move on to play for the Stanley Cup against either Florida or Carolina. The Panthers opened that best of seven Eastern Final last night with a 5-2 victory.

And that is The World This Hour. For CBC News, I'm Joe Cummings.