The World This Hour - The World This Hour for 2025/06/06 at 12:00 EDT

Episode Date: June 6, 2025

The World This Hour for 2025/06/06 at 12:00 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. Indian Prime Minister Narenda Modi has accepted an invitation from Prime Minister Mark Carney to attend this month's G7 summit in Alberta. The two leaders spoke on the telephone today with Modi saying he's committed to India and Canada working together with quote, renewed vigor. The two countries have been at odds over the past few years following former Prime Minister Justin Trudeau's allegation that Indian agents were involved in the murder of a Sikh activist on Canadian soil.

The two-day G7 summit opens June 15th. 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 Polly-Eve 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 favor 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 going to slide through quickly now is the part he doesn't control.

Janice McGregor, CBC News, Ottawa. 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 have 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 years, is the highest we've seen it in almost a decade. 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 Centre 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 U.S. does next.

Elizabeth Thompson, CBC News, Ottawa. Russia has launched a large-scale aerial attack on Ukraine, which is one of a number of explosions in Kiev overnight. The mayor is reporting at least four deaths. In total, Ukrainian President Vladimir Zelensky says Russia fired more than 400 drones and 40 missiles into the country. Russian President Vladimir Putin had been threatening a major response to a long-range Ukrainian attack earlier this week. If you drink Folger's coffee, take note.

Loblaws has announced it's pulling it from its store shelves right across the country. The grocery giant says Folger's has been proposing price increases that Loblaws considers unreasonable. The maker of Folger's insists their pricing reflects the rising cost of raw coffee beans. La Blas says its stores will probably run out of Folgers stock within a week or two. And that is The World This Hour. I'm Joe Cummings.