The World This Hour - The World This Hour for 2025/09/17 at 04:00 EDT

Episode Date: September 17, 2025

The World This Hour for 2025/09/17 at 04:00 EDT

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Please play responsibly. Charitable gaming, community good. From CBC News, the world this hour, I'm Neil Hurland. The Bank of Canada is widely expected to cut its key interest rate this morning. The Canadian economy has shown signs of weakness since the trade war with the U.S. has dragged on, and as Peter Armstrong reports, the central bank may cut even more before the end of the year. There are two very different ways to think about the Canadian economy right now. now. On the one hand, the economy's weathered the U.S. trade war much better than many had

expected. The vast majority of Canadian exports remain tariff-free. On the other hand, the economy has clearly weakened. Jobs have been lost. GDP shrank in the second quarter of the year, so economists believe it needs some help. It's almost a done deal that they will cut interest rates by 25 basis points. That's Andrew Grantham, senior economist at CIBC. He says the question isn't whether the Bank of Canada will cut rates, but actually how many times it will cut before the end of the year. And I think we will see them leave the door open to further interest rate cuts because, you know, we do have an economy that needs stimulating.

Right now, both businesses and consumers are stretched. A rate cut from the Bank of Canada won't change that, but could help them weather the storm a bit longer. Peter Armstrong, CBC News, Toronto. U.S. President Donald Trump is in London for an unprecedented second state visit. Trump will be greeted by King Charles today for a day of pomp at Windsor Castle, calling Grafie as a former U.S. diplomat. So it's a terrific opportunity for Britain, and it seems like there's already some promising trade deals

with $22 billion from Microsoft creating some sort of AI hub with the United States is got to be a good thing. The British government is trying to build its trade relationship with, the U.S. and get Trump to remove tariffs on British steel. Last night, some protesters projected images of Trump and Jeffrey Epstein onto the walls of Windsor Castle. Four people were arrested. The Iranian government says it executed a man it accused of spying for Israel. Iran says Babak Shabazi gathered and sold sensitive information about Iranian data centers and security installations to Israeli handlers. The Canadian government issued a statement last night about the war in Gaza. It was posted on the Global Affairs X account. It says

Israel's new ground offensive in Gaza City is horrific. It worsens the humanitarian crisis and jeopardizes the release of the hostages. It goes on to say the government of Israel must adhere to international law. Canada stands with international partners in urging an immediate and permanent ceasefire, unrestricted humanitarian aid, and the release of all hostages. Ido Moed is the Israeli ambassador to Canada, he responded to the statement on X by saying, horrific is the consistent neglect of Canada's foreign policy to mention the fact that the Israeli hostages are held in the utmost inhumane conditions by Hamas in Gaza for well over 700 days.

The winner of the 20th edition of the Polaris album prize, He's Jarvis! Montreal bass musician Eve Jarvis won the Palis. Music Prize last night for his album All-Cilanders in a ceremony at Toronto's Massey Hall. An 11-member jury awarded the prize for the best Canadian album of the year based on artistic merit. Jarvis gets $30,000. I recorded most of it on like no budget. You know, I didn't intend to even move back to Montreal.

I was in L.A. I came back to Montreal. I stayed at my parents, recorded the whole skeleton there. And I feel really blessed to be recognized. Performs a mix of melodic soul and funk music, here's the title track from his Polaris-winning album, All Cylenders. I rush to reach you before it's too late, firing all cylinders of his V8. And that is your world this hour. For CBC News, I'm Neil Hurland.

Ready, good time.