The World This Hour - The World This Hour for 2025/05/27 at 09:00 EDT

Episode Date: May 27, 2025

The World This Hour for 2025/05/27 at 09:00 EDT

Other People's Problems was the first podcast to take you inside real-life therapy sessions. I'm Dr. Hilary McBride, and again, we're doing something new. The ketamine really broke down a lot of my barriers. This work has this sort of immediate transformational effect. Therapy Using Psychedelics is the new frontier in mental health. Come along for the trip. Other People's Problems Season 5, available now. From CBC News, it's the world this hour. I'm Joe Cummings. We start in Ottawa, where amid great pomp and ceremony, including a horse-drawn carriage

ride to Parliament Hill, King Charles today is delivering the Liberal government's throne speech. David Thurton reports. King Charles greeting well-wishers after planting a tree at Rideau Hall. Prime Minister Mark Carney ahead of today's speech from the throne. A speech that will outline the government's goals for the new parliamentary session. It's written by the Prime Minister's office but usually the Governor General reads it. This time the King will do it in person.

I'm looking forward to having the King. Conservative Michael Barrett welcomes the royal visit at a time when Donald Trump wants Canada to become the 51st state. But the Democrat interim leader Don Davies is not as enthused. Inviting a hereditary monarch is not necessarily the best way for a modern democracy to express its independence and sovereignty. The Bloc Québécois also slammed what it calls a foreign king opening parliament. Its MPs will boycott the king's speech.

A sign this visit meant to bring the country together is also dividing some. David Thurton, CBC News, Ottawa. David Thurton, CBC News, Ottawa. David Thurton, CBC News, Ottawa. It's only the third time in our history that the reigning monarch has come to Ottawa to deliver the throne speech. Queen Elizabeth handled the responsibility the other two times, first in 1957 and then again 20 years later in 1977.

With an out of control wildfire rapidly approaching, an evacuation order has been issued for the residents of the northern Alberta community of Swan Hills. Swan Hills is about two hours north of Edmonton and is home to about 1,300 people. Emily Williams has the latest. I've lived here all my life. This will be my eighth time I've been evacuated. Little overwhelmed, to say the least. Swan Hills resident Beverly Arseneau, as she and her husband pack up their motor home,

hoping they still have a town to come back to. The fire that pushed nearly 1,400 residents to pack their bags is about 7 kilometers from the community, fueled by hot, dry and windy conditions. Residents are heading south to a reception centre in White Court, where Mayor Tom Pickard says they are ready to welcome Swan Hills residents. We're going to make it as enjoyable or pleasant as we can for Swan Hills. It's very traumatic for them. Alberta wildfire information officer Jose St. Onge says firefighters, air tankers and helicopters are working to contain the fire and crews will work overnight with night vision equipment. We're doing everything we can to contain this wildfire and make sure they can go home as soon as possible.

She forecasts busy days ahead as thunderstorms yesterday afternoon have sparked even more fires. Emily Williams, CBC News, Edmonton. The Business Development Bank of Canada is reporting that venture capital investment, particularly for early stage Canadian startups, is on the decline. And it says the problem is Canada's trade war with the United States and the economic uncertainty that comes with it. Philippe de Montigny has more. Venture capital is now harder to come by, especially for early-stage Canadian startups.

The investors don't like uncertainties. Geneviève Boutier leads the investment branch of the Business Development Bank of Canada. A new BDC report shows one-third of the country's venture capital comes from American investors, who might choose to move their dollars to the U.S. The biggest impact of the tariffs is the uncertainty. Kim Furlong is the CEO of the Canadian Venture Capital and Private Equity Association. What I would love is to see more, for example, of Canadian pension plans with the ability to write these larger checks come in in the later so that the value at the time of exit

goes back to Canadian pensioners. But successful exits have been down in the past few years with no Canadian companies going public in 2024 and only one the year before. Philippe de Montigny, CBC News, Toronto. Year-over-year Tesla sales across Europe are down by nearly 50 percent. 7200 Tesla vehicles were sold across the EU last month which is down by more than 14,000 sold in April of last year. It's the latest indication of how much the Tesla brand is suffering due to the backlash against billionaire CEO Elon Musk.

And that is a World This Hour.