The World This Hour - The World This Hour for 2025/09/17 at 05:00 EDT

Episode Date: September 17, 2025

The World This Hour for 2025/09/17 at 05:00 EDT

This message is from Wise, the app for international money. With Wise, you can send, spend, and receive in up to 40 currencies with a fair exchange rate and no hidden fees. Download the Wise app or visit wise.com. T's and C's Apply. From CBC News, the world this hour. I'm Neil Hurland. Canadians are hoping for some relief today from the Bank of Canada. The central bank is widely expected to cut its key interest rate this morning, which should make life easier for home buyers and existing owners with variable rate mortgages. The U.S. Federal Reserve will also announce its latest interest rate this afternoon.

Tim Waterer is chief market analyst with KCM Trade. He says a series of rate cuts are expected this fall from the American Central Bank. 25 basis points that is expected by markets. The real intrigue will be when it comes to the Fed's summary. of economic projections. In other words, what comes next after an expected cut? Now, the Fed meets two more times this year in October and December, and right now markets are anticipating or even hoping that we'll see a further two cuts after this meeting. U.S. President Donald Trump has been criticizing the U.S. Fed for not cutting interest rates fast enough. He even tried to fire a member

of the Fed board. And President Trump will meet King Charles this morning at Windsor Castle just outside London. Trump is getting the honor of a second state visit to the United Kingdom, a rare move by the British government, to try to impress Trump amid trade talks. Colleen Graffey is a former U.S. diplomat. Well, we have an unpredictable president who wields a lot of power, and the fact that Britain has offered this historic second state visit, which clearly has captured his imagination, bodes well for ties between our two countries. Trump will make. meet with British Prime Minister Kier Starmer tomorrow. Britain is trying to get Trump to lift his tariffs on steel. BC Premier David E.B. will meet with Prime Minister Mark Carney later today,

an attempt to promote BC resource projects that could use the federal government's backing. As Katie DeRosa reports, Eby wants Ottawa to focus on shovel-ready projects instead of another oil pipeline. BC Premier David Eby heads to Ottawa with one key request. So we get our fair share. will meet with Prime Minister Mark Carney one week after the PM announced that two of the five proposed nation building projects are in British Columbia, phase two of LNG Canada in Kittamat and the expansion of a gold and copper mine in northwestern BC. Eby will try and put other BC projects on Carney's radar, including an expansion at the port of Vancouver.

If you want to build an economy that is less dependent on the United States, you have to look west. An oil pipeline from Alberta to BC's North Coast was not on the initial list of nation-building projects. Carney has not ruled it out, however. Eby says there are no proponents for an oil pipeline, and like the Trans Mountain Pipeline, would require tens of billions in taxpayer dollars. Carney is expected to release the next tranche of major projects later this fall. Katie DeRosa, CBC News, Victoria. Well, as we approach the end of summer, a new climate report today says the heat felt here

was felt almost everywhere, and what Canada went through added up to dozens of days in risky temperatures on Androm reports. For more than a few days in Toronto this summer, umbrellas weren't being used for rain. From shopping bags to their own hands, people hid from the sun and the oppressive heat. It definitely feels like it's been getting hotter, so I guess it's a little bit worrisome in general. Now, a new analysis is quantifying just how much potentially dangerous heat the world went through. In the last three months, nearly a billion people went through 30 or more risky heat days. Christina Dahl is vice president of science at the U.S. non-profit climate central.

We defined risky heat as hotter than 90% of the temperatures you typically experience, and that's to a company. We actually adapt to some extent to the environment we live in. In other words, how people handle the heat in St. John's isn't the same in Sao Paulo. The report found Canadians went through 39 risky heat days on average, but you can blame climate change for adding two weeks to that total. On the ROM, CBC News, Toronto. And that is your world this hour. For CBC News, I'm Neil Hurlant.