The World This Hour - The World This Hour for 2025/06/06 at 10:00 EDT
Episode Date: June 6, 2025The World This Hour for 2025/06/06 at 10:00 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.
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
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,
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.
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
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.
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.
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.
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
into the country.
And that is The World This Hour.
For CBC News, I'm Joe Cummings.