The World This Hour - The World This Hour for 2025/05/27 at 11:00 EDT

Episode Date: May 27, 2025

The World This Hour for 2025/05/27 at 11:00 EDT

Are Swifties the best music fans? Should kids be on social media? Is the customer really always right? You know there are two sides to every debatable question and we're here to make you laugh while you listen to Canada's top comedians taking on these topics and many more. I'm Steve Patterson, host of The Debaters, and I'm here to make sure our debates don't end in tears or bloodshed or hockey type fights with sweaters over each other's heads. No guarantees though. Find and follow the debaters podcast and never miss an episode. From CBC News, it's the world is our. I'm Joe Cummings. First to Parliament Hill.

A message from His Majesty the King of Canada. That is the usher of the black rod informing the House of Commons of King Charles' arrival at the Senate. Charles is in the Senate. Charles is in the Senate chamber this hour delivering the government's throne speech. The King and Queen Camilla arrived in a horse-drawn carriage escorted by the RCMP. They were greeted last hour with a 21-gun salute and versions of both O Canada and God Save the King. Once Charles delivers the address, he'll lay a memorial wreath at the tomb of the unknown

soldier before flying back to London. With an out-of-control wildfire rapidly approaching, an evacuation order has been issued for the residence of the northern Alberta community of Swan Hills. Swan Hills is about two and a half hours northwest of Edmonton and is home to about 1300 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. Swann 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 1400 residents to pack their bags is about seven kilometers from the community fueled by hot, dry and windy conditions. Residents are heading south to a reception center in White Court where Mayor Tom Pickard says they are ready to welcome Swan Hills residents. We're gonna make it as enjoyable or pleasant as we can for Swan Hills. It's very traumatic for them. Alberta wildfire information officer Jose St. Ange 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 across the country 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. Philip DeMuntany reports. Venture capital is now harder to come by, especially for early-stage Canadian start-ups.

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. Moscow is reporting that Russian troops have taken control now of more territory in eastern Ukraine. But at the same time it's accusing Ukraine of trying to derail peace talks. That's a Kremlin spokesperson saying Ukrainian President Vladimir Zelensky is issuing destructive statements that blame Russia for prolonging the war. Kremlin officials

claim they are actually working on draft terms of a peace accord between the two countries. This says security officials in Kyiv say Russia launched 60 drones into Ukraine overnight. Year-over-year Tesla sales across Europe are down by nearly 50%. 7,200 Tesla vehicles were sold across the EU last month. That's down for more than 14,000 sold in April of last year. It's a late indication of how much the Tesla brand is suffering due to the backlash against billionaire CEO Elon Musk. And that is The World This Hour.

I'm Joe Cummings.