The World This Hour - The World This Hour for 2025/10/29 at 14:00 EDT

Episode Date: October 29, 2025

The World This Hour for 2025/10/29 at 14:00 EDT

This ascent isn't for everyone. You need grit to climb this high this often. You've got to be an underdog that always over-delivers. You've got to be 6,500 hospital staff, 1,000 doctors, all doing so much with so little. You've got to be Scarborough. Defined by our uphill battle and always striving towards new heights. And you can help us keep climbing.

Donate at lovescarbro.cairbo. borough.ca. From CBC News, the world this hour, I'm Angie Seth. The Bank of Canada lowered interest rates once again this morning. The central bank's key overnight lending rate now sits at 2.2.2 and a quarter percent, rather. Peter Armstrong reports. Good morning, everyone. I'm very pleased to be here.

Bank of Canada Governor Tiff Macklam knows the Canadian economy is suffering. The problem is he doesn't think the solution is necessarily lower interest rates. The weakness we're seeing in the Canadian economy is more than a cyclical downturn. It's also a structural adjustment. The U.S. trade conflict has diminished Canada's economic prospects. Macklems says changes in borrowing costs can only do so much. So he cut rates today, but he warns that may be it for now. That means all eyes now turn to next week's federal budget.

What can Ottawa do to address that structural transition? Can major projects like pipelines, mines, and better ports do a better job of juicing the economy than a cut to interest rates? The central bank will meet again in December by then. MacLam hopes he'll have more information about what's being spent, what is working, and where trade talks have landed. Peter Armstrong, CBC News, Toronto. The Ontario government has signed a deal with the Webiquet First Nation. The $40 million agreement will speed up the construction of a road to the ring of fire. The remote area in the province's north contains a bounty of natural resources, especially minerals.

Emergency crews in Jamaica are racing to rescue those stranded amid floodwaters and take stock of the damage. Hurricane Melissa carved a destructive path through the island nation yesterday, making landfall as a category 5 storm. Here's more from Katie Nicholson. Trees and debris cover the roads in Jamaica's Manchester Parish, where Dahlia Bailey is just starting to pears. pick up the pieces from Melissa. Well, I think it's going to be rough, but we still have to pick up the pieces and move on. The UN resident coordinator for Jamaica, Dennis Zulu, says teams are trying to assess the full extent of the damage and the need. We are obviously looking at a million affected.

Because of unprecedented damage to infrastructure, roads, the grid and communications, it's hard to nail down specifics. Some of the areas really remain unreachable in terms of getting resources. We have serious challenges in terms of connectivity. In Haiti, Melissa has been blamed for at least 25 deaths. In eastern Cuba, homes were crushed, and hundreds of thousands were forced into shelters. Katie Nicholson, CBC News, Toronto. Israel says a ceasefire has been restored in Gaza after it launched a series of strikes overnight.

The Israeli military says it struck dozens of targets related to Hamas and other militant groups in retaliation for the killing of an armed army. reservist. Officials in Gaza say more than 100 Palestinians were killed in those strikes, mostly women and children. Revena Shandh Dissani is a spokesperson for the UN High Commissioner of Human Rights. She calls the latest bout of fighting appalling. Israel must comply with its continuing obligations under international humanitarian law and is accountable for violations. It is distressing that these killings occurred just as the long-suffering population of Gaza started to feel that there was hope that the unrelenting barrage of violence may be at an end.

Hamas claims it has no connection to the attack and accuses Israel of undermining the ceasefire deal. The Paris prosecutor says two detained rather suspects have partially admitted their involvement in the Louvre jewel heist for thieves made away with a hall of royal jewels worth more than $150 million Canadian. Lord Bakuo says an Algerian man was arrested at the Paris airport as he was about to flee the country. The second suspect is a French citizen with a history of theft arrests. Both have been identified by DNA traces found at the scene of the heist. Two others are still at large.

So far, no jewels have been recovered. And that is your world this hour. For news any time, you can visit our website at cbcnews.ca.com. For CBC News, I'm Angie Seth.