The World This Hour - The World This Hour for 2025/06/04 at 05:00 EDT

Episode Date: June 4, 2025

The World This Hour for 2025/06/04 at 05:00 EDT

At Desjardins Insurance, we know that when you're a building contractor, your company's foundation needs to be strong. That's why our agents go the extra mile to understand your business and provide tailored solutions for all its unique needs. You put your heart into your company, so we put our heart into making sure it's protected. Get insurance that's really big on care. Find an agent today at Desjardins.com slash business coverage. From CBC News, the world this hour. I'm Neil Herland. Prime Minister Mark Carney is denouncing the latest American tariffs on steel and aluminum. Starting today, the U.S. is slapping 50% tariffs on the two metals. That's up from 25%. Carney calls the higher

tariffs unlawful and unjustified. We're keeping a close eye on the Bank of Canada today. The central bank will announce its latest interest rate policy this morning. The Canadian economy is slowing, the trade war is deepening, and economists are split on whether the bank will cut rates today or hold off until that stimulus is needed even more. Peter Armstrong has a preview. It's never easy to predict what's coming out of the White House.

Even when it comes to sweeping large-scale tariffs that will impact vast swaths of American industry, it's anyone's guess whether President Donald Trump will make good on the threats. It's all but impossible for businesses, consumers, and yes, central bankers to plan how to respond. We still do not know what tariffs will be imposed. That was Bank of Canada Governor Tiff Macklem in mid-April. Back then, he was hoping he'd have a bit more clarity by now.

We decided to hold our policy interest rate unchanged as we gain more information about both the path forward for U.S. tariffs and their impacts. Here we are seven weeks later and that path forward remains at best just as cloudy as it was in April. Peter Armstrong, CBC News, Toronto. Six people were shot in Toronto last night. One of them is dead. The latest gun violence to hit Canada's largest city. The CBC's Dale Menuckduk reports. Multiple gunshots rang out around 8.30 p.m. in Toronto's Lawrence Heights neighborhood.

Police and paramedics responding to scenes spanning multiple city blocks. Officials later reporting six people had been shot, one of them fatally. Duty senior officer, Baheer Sarandhan. Tragically, a man in his 40s pronounced deceased and four other men and one woman, all adults, transported to hospital with non-life threatening injuries.

Police say the victims range in age from 18 to 40. One man who lives nearby declined to give his name but said he heard what sounded like 10 to 20 gunshots before seeing a bunch of vehicles speeding away. I saw commotion in the alleyway and there was a lot of blood and a lot of people yelling and screaming. Police have since set up a command post in the area. They say multiple people were involved but there's still no word yet on suspects or what led to the shooting.

Dale Menuckduck, CBC News, Toronto. Wildfires are causing more damage to communities in northern Saskatchewan. Hundreds of structures have burned and thousands have been forced to evacuate their homes. Alexander Silberman reports. Wildfire tore into La Ronge, Saskatchewan mere hours after evacuees got out. Crews still battling to protect the remaining homes and businesses against unrelenting wind gusts of up to 90 kilometres per hour. They just can't battle the flames with those kinds of winds. Mayor Joe Hordusky says firefighters from eight

communities are continuing to fight to save buildings. I don't blame people for panicking. It's become a very, very dangerous situation. Hundreds of kilometers to the northeast in Dener beach near the Manitoba border, fire tore into town. fire tore into town. The last firefighters on the ground airlifted out with conditions too dangerous to keep up the fight. The Saskatchewan government says more than 400 homes and buildings have been destroyed so far. Alexander Silberman, CBC News, Prince Albert Saskatchewan. The new US-backed Gaza Humanitarian Foundation says its aid distribution centers in Gaza will be CBC News, Prince Albert, Saskatchewan. And that is Your World This Hour.

For news anytime, you can visit our website or at cbcnews.ca. I'm Neal Herland.