The World This Hour - The World This Hour for 2025/11/04 at 20:00 EST

Episode Date: November 5, 2025

The World This Hour for 2025/11/04 at 20:00 EST

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. From CBC News, the world this hour, I'm Stephanie Scandaris. The first federal budget under Prime Minister Mark Carney is projecting a $78 billion deficit. It's nearly double what the previous liberal government pegged it at less than a year ago. But finance minister Francois Philippe Champagne says it's necessary spending. Marina von Stackleberg reports. The world is changing, but Canada is strong. Finance Minister Francois-Philippe Champagne.

unveiling a federal budget that fundamentally shifts new government spending from programs to projects. Within five years, Ottawa has earmarked $280 billion in capital spending. Money for infrastructure, housing, defense, and tax credits, including for companies to write off new factories and technology. It's an aggressive industrial policy to push back against the U.S. and try to spur private investment in Canada. To help pay for it, the Liberals will rein in day-to-day government operations by $60 billion. That includes cutting 40,000 jobs in the public service.

And what you see in this budget and this Prime Minister is that we have a roadmap, Mr. Speaker, to build Canada strong. But the budget also shows Canada's economic picture remains rocky. One sign of that, the federal government expects a big spending uptick for employment insurance. Marina von Stackleberg, CBC News, Ottawa. In the budget aftermath, a Nova Scotia MP is resigning from the Conservative Caucus and joining the Liberals. Chris Dantremont represents the riding of Acadia Annapolis. He released a statement in the last hour. In it, he says he's joining the Liberal Caucus to support the path promised in the new budget.

As the climate crisis grows increasingly dire, global efforts to curb emissions are slowing down. That's according to the annual UN emissions report released ahead of COP 30. The climate change conference will be held this month in Brazil. And Ayat Singh has more. We need unprecedented cuts to greenhouse gas emissions in an ever-compressing time frame. Inga Anderson is the head of the UN Environment Program. Their annual emissions gap report says that current climate plans would lead to global warming of 2.3 to 2.5 degrees over the course of this century. That's only a slight improvement from last year when we were headed to 2.6 to 2.8 degrees and far from the 1.5 degrees, scientists say is a relatively safe limit.

Antonio Guterres, the UN Secretary General. But this is no reason to surrender. It is a reason to step up and speed up. The UN hopes the message spurs action at the upcoming climate change summit this month in Brazil's Amazon rainforest, where leaders will face the daunting task of carving out space for climate. action in a sea of conflicting economic and geopolitical priorities. In Ayat Singh, CBC News, Toronto. New York City picks a new mayor tonight. The election comes after months of contentious campaigning that has ignited a national debate.

On the list of voter issues, cost of living, security, and immigration. Chris Reyes has more. Zoran Mamdani is the surprise frontrunner in the race to lead the largest city in the U.S. His matchup against the former governor of New York, Andrew Cuomo, has revved up voters. Hundreds of thousands of New Yorkers showed up early to cast their ballot. We're all for Mandami, all ages. Tell us why you're voting for Cuomo. I think he's confident. Cuomo has been pitching his experience to take on President Donald Trump and run a city that's riddled with problems, from cost of living to safety in the streets.

This is going to determine the future of the city of New York. Mamdani, a self-declared democratic socialist, is promising to lower the cost of living with free bus No-cost child care and government-run grocery stores. We are on the brink of making history in our city. On the brink of saying goodbye to a politics of the past. Polls close at 9 p.m. Eastern. Chris Reyes, CBC News, New York. And that is The World This Hour.

Remember, you can listen to our podcast anytime. We update every hour, seven days a week. For CBC News, I'm Stephanie Scandaris. Thank you.