The World This Hour - The World This Hour for 2025/09/17 at 06:00 EDT

Episode Date: September 17, 2025

The World This Hour for 2025/09/17 at 06:00 EDT...

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Starting point is 00:00:17 So come and enjoy a wide variety of games. And remember, when you play, local charities win. See how we play. Visit charitablegaming.ca. Please play responsibly. Charitable gaming, community good. from cbc news it's the world this hour i'm joe cummings the bank of canada makes its september interest rate setting this morning after holding steady
Starting point is 00:00:47 at 2.75 percent through the spring and summer most analysts are agreeing that there is a change afoot peter armstrong has more there are two very different ways to think about the Canadian economy right now. On the one hand, the economy is 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.
Starting point is 00:01:21 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 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,
Starting point is 00:01:51 but could help them weather the storm a bit longer. Peter Armstrong, CBC News, Toronto. Looking to promote a number of so-called shovel-ready resource projects, BC Premier David Eby is in Ottawa today for talks with Prime Minister Mark Carney. Kitty DeRosa has more. BC Premier David Eby heads to Ottawa with one key request. So we get our fair share. Eby will meet with Prime Minister Mark Carney one week after the PM announced
Starting point is 00:02:18 that two of the five proposed nation building projects are in British Columbia. Phase 2 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.
Starting point is 00:02:57 Carney is expected to release the next tranche of major projects later this fall. Katie DeRosa, CBC News, Victoria. Now to London. Mr. President, it's going to be an historic nation. That would be great. Thank you all very much. On a state visit to Britain, that is U.S. President Donald Trump arriving last night at Winfield House. This morning, he's on his way to Windsor Castle, where he'll be welcomed by Prince William and Princess Catherine.
Starting point is 00:03:24 Then it's an audience with King Charles and a series of events. Tomorrow, Trump goes to Checkers for a meeting with Prime Minister Kier-Starmer. A new climate report is showing that the periods of intense heat most of Canada baked through this summer was something that was felt almost everywhere else around the world. And what Canada went through added up to dozens of days of what's considered to be risky temperatures. Onan Ram has the details. 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.
Starting point is 00:04:00 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
Starting point is 00:04:43 two weeks to that total. On the ROM, CBC News, Toronto. And that is the world this hour. For news anytime, go to our website, cBCnews.ca. For CBC News, I'm Joe Cummings.

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