The World This Hour - The World This Hour for 2025/06/06 at 08:00 EDT
Episode Date: June 6, 2025The World This Hour for 2025/06/06 at 08:00 EDT...
Transcript
Discussion (0)
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.
We're expecting the Liberal government to table a bill today on inter-provincial trade
and labour mobility.
This would be landmark legislation that drops most of the barriers currently preventing
the free flow of goods and workers across the country.
Here's Janice McGregor.
I don't think it's an exaggeration to suggest that this might be Mark Carney's most significant
legislation so far. This bill is intended to be a centerpiece of Canada's response to Donald
Trump's trade threats. Industry Minister Melanee Jolie is under pressure from Canada's steel
industry and she's pitching this bill as a way to boost demand for Canadian building materials.
It's important that Canadians support our major project bill that is
coming up which is ultimately to create major infrastructure across the country that will help
the steel aluminum sector. But First Nations leaders are already sounding the alarm that they
weren't given enough time to study these proposed changes warning that if the government does not
take its duty to consult
with Indigenous people seriously, this bill is going to spark conflict.
Janice McGregor, CBC News, Ottawa.
The latest employment report comes out today from Statistics Canada. It's for the month
of May and most analysts are expecting to see anywhere from 10 to 15,000 job losses.
This follows the April report that saw the unemployment rate move up to 6.9%.
Now to Washington, and as the Trump administration's controversial budget bill is being considered
by the Senate, it turns out it includes a clause that Canadian economists are calling
alarming.
Elizabeth Thompson explains.
Billions, absolutely billions for sure would be the impact.
It's a small, obscure clause in a very big bill.
But if the US Congress adopts it, experts like Kim Moody say it could cost Canadians
and Canadian companies a lot.
If Canada and the United States allows this to take hold, the result will be chaos, absolute chaos.
The concern centers on section 899 of US President Donald Trump's One Big Beautiful Bill.
If adopted, it would create a new withholding tax on things like dividends from US stocks.
It would apply to anyone who lives in a country the US designates as having unfair taxes.
Experts say Canada is likely to be on the list.
David MacDonald is a senior economist with the Canadian Center for Policy Alternatives.
He calls Trump's proposal a nuclear option.
Just like the US is totally willing to blow up the international trade order, they're
totally willing to blow up international tax rules.
As for finance minister Francois-Philippe Champagne, he's studying Trump's proposal
and waiting to see what the US does next.
Elizabeth Thompson, CBC News, Ottawa.
Russia carried out another major aerial assault on Ukraine overnight. The widespread drone
and missile strikes come after Russian President Vladimir Putin vowed
revenge following a Ukrainian assault earlier this week.
Anna Cunningham has the details.
President Vladimir Zelensky says almost all of Ukraine was hit with 400 Russian drones
and 40 missiles.
In Ternopil in the northwest, people are being told to stay indoors
as a large fire is dealt with.
Ukraine also carried out strikes on Russia overnight
targeting fuel reservoirs.
President Vladimir Putin had warned Russia would retaliate
for Ukraine's major drone attack
on Russian air bases earlier this week.
Sometimes you're better off letting them fight for a while
and then pulling them apart.
Says US President Donald Trump.
Referring to an analogy about children,
he says he shared with Putin in a phone call.
That view is unlikely to be shared by Ukraine's allies,
including Canada, who are pushing to support Kiev
whilst urging Moscow to agree to peace.
But after failed peace talks this week,
nothing more is scheduled.
Anna Cunningham, CBC News, London.
Security officials for this week's G7 Leaders Summit
in Gannanaskis say the country's wildfire crisis
is being closely monitored.
The RCMP says plans are being incorporated
to include the possibility of an emergency evacuation. and localized weather forecasts and wildfire behavior reports are being sent
directly to the summit leaders.
And that is the World This Hour.
For CBC News, I'm Joe Cummings.