The World This Hour - The World This Hour for 2025/10/29 at 04:00 EDT

Episode Date: October 29, 2025

The World This Hour for 2025/10/29 at 04:00 EDT

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I'm Neil Hurland. The Bank of Canada is widely expected to cut interest rates this morning. The cut could help boost growth in the Canadian economy, but the central bank is also waiting for next week's federal budget. Peter Armstrong reports. Bank of Canada, Governor Tiff Macklin, has made it clear. There's only so much the central bank. can do to help Canada get out of the current crisis? While monetary policy can't offset the negative

effects of tariffs, positive structural reform could. Interest rates may lessen the burden for households and businesses, but MacLam says what's needed now is fiscal policy, the building of major infrastructure projects to help diversify the Canadian economy. We could have done this without U.S. tariffs. But the loss of incomes and growth now makes this all the more imperative. all the more imperative because even if Canada has avoided an outright recession, Desjardins, Deputy Chief Economist Randall Bartlett, says the economy is only forecast to grow by a tiny amount. So the Canadian economy is quite weak. So he says the bank will likely cut rates this morning, but also make it clear it's waiting to see where and how aggressively the federal government spends in next week's budget. Peter Armstrong, CBC News, Toronto.

U.S. President Donald Trump delivered a keynote speech at the APEC summit in South. Korea today, and he suggested the U.S. is about to reach a new trade deal with China. President Chief China is coming tomorrow here, and we're going to be, I hope, making a deal. I think we're going to have a deal. I think it'll be a good deal for both. And that's really a great result, you know, and that's better than fighting and going through all sorts of problems. Prime Minister Mark Carney is also at that summit, but it doesn't seem like he'll get a one-on-one with Trump. In a post on his

truthful social site last night, Trump says, for those that are asking, we didn't come to South Korea to see Canada. Hurricane Melissa has just reached the coast of Cuba after it slammed across Jamaica Tuesday. Jamaican officials are still assessing

the damage. Katie Nicholson has more. Jamaica has felt the brunt of Melissa. Jamaica's Minister for Local Government, Desmond McKenzie detail the damage after Hurricane King Melissa slammed into the island. We have reports coming out of Black River.

Our number of families being trapped in their homes. The fate of those families, not immediately clear, but much of the damage was. Electric poles ripped from the ground. Landslides and floodwaters closed roads. Just a year ago, Hurricane Barrel badly hit the same area, and it was just recovering. Brian Bogart is with the World Food Program standing by to have. You can only imagine how difficult it will be for them. Melissa was a historic Category 5 storm for Jamaica.

It will likely be days before Jamaica fully knows the extent of Melissa's damage. The most powerful and violent storm in its history. Katie Nicholson, CBC News, Toronto. The Toronto Blue Jays beat the L.A. Dodgers last night in game four of the World Series. Final score, 6-2. The CBC's Thomas Dagler reports from Los Angeles. Well, what a difference 24 hours makes after that marathon, six and a half hour defeat to the L.A. Dodgers here at Dodgers Stadium in game three. The Jays bounced back in game four and made relatively quick work of their opponents. Shohay Otani on the mound, starting pitching for the Dodgers. But Shohei Otani, the batter was mostly neutralized by the Blue Jays going 0 for 3 at the plate. Then in the seventh inning, a flurry of offense from the Blue Jays. The Jays would never look back after that. A good pitching out. as well by starting pitcher Shane Bieber and the Jays have tied up the series at two games each,

which it guarantees a couple things. This series is guaranteed to return to Toronto on Friday, and if there is a game seven, it will be in Toronto on Saturday. This is now a best of three. Whichever team takes two games now will win the World Series. Thomas Dagg, CBC News, Los Angeles. And that is your world this hour. For CBC News, I'm Neil Hurland. Thank you.