The World This Hour - The World This Hour for 2025/09/05 at 12:00 EDT

Episode Date: September 5, 2025

The World This Hour for 2025/09/05 at 12:00 EDT

It's finally summertime. I'm Nala Ayyed, host of ideas. These last several months, maybe longer, have tested our Canadian pride. So that's why this summer, we have some special programming lined up for you. We're revisiting conversations with Canadian artists and thought leaders who are moving this country forward. You'll also hear a special series I did where we traveled across the country asking people how to make Canada better. So join me for a special Canadian society. summer on ideas.

From CBC News, it's the world this hour. I'm Joe Cummings. We go first to Prime Minister Mark Carney and his government's plan to come to the rescue of the Canadian economy. Today, to fortify our economic strength, my colleagues and I are announcing a series of ambitious new measures to protect, build, and transform our strategic industries.

These are the sectors where workers and businesses have been impacted by those tariffs and trade disruptions. The measures being rolled out include, among others, a $5 billion strategic fund to help companies and sectors hit hardest by U.S. tariffs, a retraining and employment program to help up to 50,000 at-risk workers, a $370 million production incentive for Canada's canola producers impacted by Chinese tariffs. And there's a bi-Canadian initiative aimed at helping multiple sectors. To support Canadian industries, the government's introducing a new comprehensive buy-canadian

policy that will move from best efforts to buy Canadian to a clear obligation to do so. Another move will see the federal government wave its 2026 electric vehicle sales target. The EV mandate, as it's known, introduced by the Trudeau government, would have required that 20% of all new vehicles sold in Canada next year be electric. But Carney is delaying that for one year and is launching a review of the program to make it more cost-efficient. In other economic news, the latest jobs report is out today, and it's showing that Canada's unemployment rate is on the rise. Statistics Canada says it jumped to 7.1% last month up from 6.9 in July. That's the highest we've seen it outside the pandemic in almost a decade. In total, 66,000 jobs who were lost in August, with the majority being part-time positions.

Russian President Vladimir Putin insists he is willing to talk to his U.S. counterpart about ending the hostilities in Ukraine. President Trump and I have an open dialogue. There is an arrangement in place that if needed, we can get in touch, talk to one another. President Trump knows that I'm open to those dialogues. I know that here is also open. That's Putin speaking today at an economic forum where he was also asked about this week's meeting of the Coalition of the Willing and the possible deployment of troops to Ukraine once the fighting is over.

Should any troops be placed in Ukraine, especially now in the course of the military action, we would treat those as righteous goals for an attack, a righteous target that we will aim for. Putin adds that he is fine with Ukraine, ultimately joining the European Union, but not NATO. The United States has issued a warning to Venezuela. It comes after two Venezuelan warplanes flew over an American Navy vessel in the Caribbean Sea. The U.S. is calling it provocative, even as it steps up its presence in the region. Willie Lowry has more.

This is all an extension of President Donald Trump's long-held desire to, to curb the flow of illegal drugs into the U.S. Now, the administration has been pretty clear in recent days that it's willing to go on the offensive. Earlier this week, Trump released footage that he said showed a strike on a boat allegedly full of drugs. Now, that strike raises serious legal questions, and it's unclear what authority the U.S. has

to take actions like that in international waters. Here's Secretary of Defense Pete Higgseth defending the strike. If you're trafficking drugs and you're a known, cartel entity, a designated terror organization, and they're headed for the United States or part of a process that would head to the United States, that will have lethal consequences. The poisoning of the American people is over. There's been a bit of a war of words between Washington and Caracas, and this incident where two jets flew near U.S. ships appears to be the latest escalation. Willie Lowry, CBC News, Washington.

And that is the world this hour. For news, anytime. go to our website, cBCNews.ca. For CBC News, I'm Joe Cummings.