The World This Hour - The World This Hour for 2025/08/26 at 11:00 EDT

Episode Date: August 26, 2025

The World This Hour for 2025/08/26 at 11:00 EDT

Art has power to inspire us, to unite us, to give us solace and courage when we need it most, to create important stories, lasting memories, a sense of belonging. Your National Art Center serves as a catalyst and communities across Canada, empowering artists, inspiring audiences, and bringing us closer together. Learn more at nac.c.c.c.a slash create in Canada. from cbc news it's the world this hour i'm joe cummings the parliamentary budget office says canada is not on track to meet its long-term housing needs the pbos latest report says two and a half million new homes are scheduled to be built over the next

decade but that's at least 700 thousand short of what will be needed the office says new home builds will increase significantly over the next three years, but from there, its expected construction levels were returned to currently leveled marks. On his visit today to Germany, Prime Minister Mark Carney has signed a Canadian-German Critical Minerals Partnership. Carney says Canada has underdeveloped its deposits of nickel and coal bolt, among other minerals, and this has allowed other countries to dominate the global market. He says the new partnership comes as Germany is in the process of moving away.

from its reliance on China and Russia. The Prime Minister is also discussing submarines today, specifically a bid by a German-Norwegian company, TKMS, to rebuild the Canadian fleet. Murray Brewster has the details. It has been announced that Canada has narrowed the list of contenders to build the Navy's new submarines to two bidders, TKMS and South Korea's Hanwa Ocean.

The Prime Minister met with German Chancellor Friedrich Murs and is slated to participate in a business roundtable, with the goal of diversifying Canada's trade and coming up with a critical minerals partnership. However, as with many elements of its European trip this week, defense and security issues are near the top of Carney's agenda. Federal officials speaking on background said the debate within government now is whether to go the route of requesting proposals or straight into contract negotiations with the preferred bidder.

In the high-stakes multi-billion dollar gambit to replace Canada's aging and largely inoperable Victoria-class submarines, the German-designed Norwegian-partnered type 212 CD is perhaps the most well-known and heavily marketed of the contenders. Cabinet is not expected to decide until next year the earliest which way to proceed. Marie Brewster, CBC News, Berlin. Demonstrations are being held across Israel

as part of what's being called a day of struggle. It's one of many demonstrations that are blocking roads and highways in and out of Israeli cities. It's an effort to pressure Prime Minister Benjamin Netanyahu to sign off on a ceasefire agreement that Hamas has already agreed to. It involves a release of half of the remaining hostages being held in Gaza. Netanyahu is insisting all hostages be released at once. U.S. President Donald Trump says he's firing one of the governors of the Federal Reserve. The dismissal of Lisa Cook came in a social media post. but Cook is saying she has no intention of leaving her job.

Lisa Sching has more. This all has to do with Trump demanding the Federal Reserve lower interest rates. And for months, blaming it, its chair, Jerome Powell, for taking too long to do that and threatening to fire him. And to fire Lisa Cook, who's the first black woman to serve on the Fed's board. Trump posted a letter addressed to Cook on social media, alleging she may have falsified records to get favor. terms on a mortgage, saying it's deceitful and potentially criminal.

This is Trump in Washington last week. What she did was a bet, so I'll fire her if she doesn't resign. So technically the central bank's founding statute allows him to fire governors for cause, typically for misconduct or wrongdoing. So Cook and her lawyer are fighting the dismissal, saying Trump has no grounds to do this. She hasn't been charged with anything or convicted. Lisa Sheng, CBC News, Washington. Statistics Canada says the number of people working from home continues to gradually decline.

17% of the workforce was working primarily from home in May. That's down from 18% year over year. It's a small drop, but it's the fourth year in a row. The numbers show workers continue to make their way back to the office. And that is the world this hour. For CBC News, I'm Joe Cummings. Thank you.