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

Episode Date: June 6, 2025

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

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Starting point is 00:00:00 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.
Starting point is 00:00:40 I'm Joe Cummings. Statistics Canada is out today with a better than expected jobs report. It shows close to 9,000 jobs were added to the economy last month, at a time when most analysts had been predicting big losses due to the US tariff campaign. However, the unemployment rate did go up in May. It's now at 7%, which, other than the COVID years, is the highest we've seen it now in almost a decade. As part of its response to the Trump tariffs, the Liberal government is tabling a bill today
Starting point is 00:01:12 on interprovincial trade. This would be landmark legislation aimed at cutting most of the barriers that currently prevent goods and workers from seamlessly moving across the country. Here's Janice McGregor. Janice McGregor This bill is intended to be a centerpiece of Canada's response to Donald Trump's trade threats. Industry Minister Melanesia Lee's under pressure from Canada's steel industry,
Starting point is 00:01:34 and she's pitching this bill as a way to boost demand for Canadian building materials. During the election, there was a real consensus across parties about the need to drop internal trade barriers, build more infrastructure. There's always the how that's harder to agree on. Pierre Pollyet last month said that conservatives are going to vote for legislation based on whether they believe it's an improvement on the status quo, which is what led to the extraordinary scene in the Commons yesterday when all parties voted in favour of liberal tax cuts.
Starting point is 00:02:04 That may be unlikely to repeat itself, but Mark Carney set a Canada Day deadline for at least introducing this. Whether it's gonna slide through quickly now is the part he doesn't control. Janice McGregor, CBC News, Ottawa. On another front, Prime Minister Carney is looking for China to drop its tariffs on Canadian agriculture
Starting point is 00:02:22 and seafood products. That effort appears to have started yesterday with Carney speaking to Chinese Premier Li Qingyang. Among other things, they agreed that the two countries will continue with regular diplomatic discussions. Beijing imposed tariffs on Canadian canola and seafood in retaliation to Canadian levies on Chinese-made electric vehicles, steel, and aluminum. 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.
Starting point is 00:03:03 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 U.S. stocks. It would apply to anyone who lives in a country the U.S. designates as having unfair taxes. Experts say Canada is likely to be on the list. David MacDonald is a senior economist with the Canadian Centre for Policy Alternatives.
Starting point is 00:03:41 He calls Trump's proposal a nuclear option. Just like the U.S. 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 U.S. does next. Elizabeth Thompson, CBC News, Ottawa. The Gaza Humanitarian Foundation says it is closing all its food distribution sites in the territory. It says it's become too dangerous to continue operating following a number of fatal shootings near some of its venues in recent days.
Starting point is 00:04:11 The GHF was formed in the United States earlier this year with the support of the Israeli government. It came together after the UN agency that had been distributing food and medical aid across Gaza was banned by Israel. Russia has launched another large-scale aerial attack on Ukraine. This is one of a number of explosions in Kiev overnight. The mayor is reporting at least four deaths. In total, Ukrainian President Vladimir Zelensky is saying Russia fired more than 400 drones and 40 missiles
Starting point is 00:04:45 into the country. And that is The World This Hour. For CBC News, I'm Joe Cummings.

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