The World This Hour - The World This Hour for 2025/08/03 at 02:00 EDT
Episode Date: August 3, 2025The World This Hour for 2025/08/03 at 02:00 EDT...
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From CBC News, the world is sour. I'm Neil Kumar.
The dispute between Canada Post and its unionized workers has hit another impasse.
After a year and a half of talks, workers have voted against the Crown Corporation's final offer.
Philip Lee Shanock has the latest.
Entrepreneurs would like some stability, which this latest vote by 55,000 unionized Canada
Post workers doesn't deliver. Almost 70 percent voted against the corporations
last and final offer. In a statement Canada Post says this result does not
lessen the urgent need to modernize and protect this vital national service.
However, does mean the uncertainty that has been significantly impacting our
business and many Canadians and Canadian businesses who depend on Canada Post will continue.
The Canadian Union of Postal Workers says the overwhelming vote to reject the latest
offer sends a clear message.
This was a vote of non-confidence of the Executive Board of Canada Post.
They're not in touch with the workers. The union says the best way to ensure labour peace and stability for customers
is a negotiated contract ratified by its members.
Canada Post says business as usual is not sustainable
and it's evaluating its next steps.
Philip LeChanock, CBC News, Toronto.
Ottawa says that Canada will keep negotiating
after not reaching a trade
deal with the U.S. at the August 1st deadline. That's the message from the Carney government
as Washington has now hiked the tariffs for some Canadian goods to 35%. Peter Armstrong
has more on the impact in the U.S. This past week, corporate earnings showed just how hard
tariffs are hitting U.S. companies. Ford, GM, Apple,
they all lost hundreds of millions of dollars to tariff related costs. And then on Friday,
we got a very troubling jobs report here in the US. Job growth in July came in well below
expectations. But the real concern came because the Bureau of Labor Statistics had more data and found
that it had dramatically overestimated job growth in May and June.
So it revised those numbers down by a staggering 258,000 jobs.
Combined the lousy earnings reports and worse than expected economic data, and no surprise,
stock markets sold off.
The U.S. markets posted their worst week in months, and economists say this may well continue to deteriorate.
And see how the White House reacts to that.
Peter Armstrong, CBC News, Washington.
A man is under arrest after a vehicle went through the front door of the RCMP headquarters in the Montreal area.
Police say the 44-year-old suspect has mental health issues and was possibly in crisis.
No one was injured inside the building, but the suspect suffered minor injuries.
The number of active wildfires in B.C. has surpassed 140 after more than 35,000 lightning
strikes across the province in recent days.
Also, thunderstorm activity is expected to continue across the eastern half of the province.
Another man has pleaded guilty to charges stemming from an arson and extortion scheme,
and Edmonton homebuilders are their targets.
Madeleine Smith was in the courtroom.
Twenty-year-old Manav here admitted he was part of the criminal conspiracy targeting
successful South Asian developers.
Starting in 2023, homebuilders started getting violent threats and demands for money.
When they didn't pay, their properties were torched.
Heer admitted to setting some of the fires, as well as participating in an attack on a
private security guard watching over the homes, shooting out the rear window of the guard's
car with an airsoft gun.
According to an agreed statement of facts read in court, police found extensive evidence of Heer's involvement
on his cell phone after he was arrested, including group chats discussing arson
plans and lists of addresses owned by developers targeted in the extortion
scheme. Heer is the second person to plead guilty in the case after several
people were arrested last summer. A sentencing
date for his case will be set later. Madeline Smith, CBC News, Edmonton.
And that is your World is Sour. For CBC News, I'm Neal Kumar. Thanks for watching.