The World This Hour - The World This Hour for 2025/06/04 at 10:00 EDT

Episode Date: June 4, 2025

The World This Hour for 2025/06/04 at 10:00 EDT

The ocean is vast, beautiful, and lawless. I'm Ian Urbina back with an all new season of The Outlaw Ocean. The stories we bring you this season are literally life or death. We look into the shocking prevalence of forced labor, mine boggling overfishing, migrants hunted and captured. The Outlaw Ocean takes you where others won't. Available on CBC Listen or wherever you get your podcasts. From CBC News, it's the World This Hour.

I'm Joe Cummings. As many had predicted, the Bank of Canada has decided to hold the line on interest rates. Central Bank is out this morning with its June setting and it's keeping its influential rate where it is at 2.75%. Peter Armstrong has more. In a lot of ways, this release from the Bank of Canada feels like it could be a reprint of its last decision from April. Just listen to some of the greatest hits in the lines from the actual bank itself. It

says the US administration has continued to increase and decrease various tariffs, that uncertainty remains high. And this is the key line, I think, explaining where the bank sort of sees the landscape. It says, quote, with uncertainty about US tariffs still high, the Canadian economy softer, but not sharply weaker. And some unexpected firmness in recent inflation data, governing council decided to hold the policy rate as we gain more information on US trade policy and its impact.

The problem is we waited the last time to gain more information about US trade policy and frankly didn't get it. So all eyes now turn to the next bank's decision on July 30th, where now we expect to see whether the bank will have enough information to act. Peter Armstrong, CBC News, Toronto. Meanwhile, under an order signed by US President Donald Trump, American tariffs on Canadian steel and aluminum have now gone from 25 to 50 percent. The increase went into effect at midnight with Prime Minister Mark Carney insisting

a statement in a statement that his government is actively working to get these and other tariffs dropped. Janice McGregor has more now from Ottawa. Janice McGregor, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New

York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, The New York Times, from Prime Minister Mark Carney's office repeated now well-familiar lines about this tariff escalation being unlawful and unjustified, about using every dollar collected from Canadians as they pay Canada's retaliatory tariffs to help Canadian workers and businesses. Stats last week suggested an extra $600 million in tariff revenue came in just in the month of March alone. And what Carney called intensive and live negotiations to have these tariffs removed are underway. So we watch now for signals as to where those talks go and for any new measures to help affected industries beyond the help that's already in place.

But there's another tough decision to make. Should Canada match this escalation with more retaliation of its own? Ontario Premier Doug Ford thinks so. Because we can't be kicked around any longer. Janice McGregor, CBC News, Ottawa. Emergency officials in Manitoba and Saskatchewan both say the immediate weather forecast isn't expected to bring any significant relief to the areas being hit hardest by wildfires.

More than 30,000 people in those two provinces have been forced to flee their homes, with thousands more being told to be ready to flee at a moment's notice. Here is Saskatchewan Premier Scott Moll. Many families are leaving their home and they don't know if they're going to see it. They don't know if they're going to have the opportunity to go back there. They aren't just buildings. These are places where they have raised their family. The Saskatchewan government is saying as of today, more than 400 homes or buildings have

been destroyed. There is no emergency food aid being distributed today in Gaza. People are walking 15, 20 kilometers, 10, 15 miles. Every person hand to mouth showing you that hunger. Now, teenage boys in tears at the car window showing me their ribs. That is James Elder, a spokesperson with UNICEF in Gaza. His comments come as the US and Israeli-backed Gaza Humanitarian Foundation or GHF has announced a 24-hour pause in its operations. It says it needs to increase security around its distribution sites, where dozens of people have been killed in recent days. Elder calls the GHS nothing more than a pretense of aid.

And that is The World This Hour. For news anytime, go to our website cbcnews.ca. For CBC News, I'm Joe Cummings.