The World This Hour - The World This Hour for 2025/11/04 at 22:00 EST

Episode Date: November 5, 2025

The World This Hour for 2025/11/04 at 22:00 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 Neil Hurland. The first federal budget under Prime Minister Mark Carney is projecting a $78 billion deficit. That's nearly double what the previous liberal government said it was. As Marina von Stackleberg reports, the finance minister says it's necessary spending.

The world is changing, but Canada is strong. Finance Minister Francoise Francoise. 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 in 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. The budget already has some political fallout. Conservative MP, Chris Dantrama,

has announced he's crossing the floor to join the Liberals. The Nova Scotia MP makes the math a bit easier for the Liberals to pass their budget through a minority parliament. Catherine Cullen reports. The Liberals need three votes or three abstentions to get this budget passed. It looks like now Dantramont is going to be one, So they're only looking for two votes. But the question is, the block.

They say they don't want to vote for this budget. They don't expect to. The conservatives say they won't support this budget. They are also irked, I think, by losing d'antramal to the liberals. The NDP, that's still an option, seven members there, but they have said they will take time. This is like something that we're likely to see play out over the course of the next couple weeks. There's a big shift to emphasis on industry, growing the economy. And there's a move away from the Trudeau era of new social programs and benefits.

At the same time, a lot of what's in this budget is not actually that new. Many of the biggest pieces, so money for housing, defense, that had been announced in the previous few months. And the deficit, yes, it is big at $78 billion. It's on the lower range, actually, of what some economists were projecting, the cuts to government, also less than some we're expecting. Catherine Cullen, CBC News, Ottawa. And we've got breaking political news from the U.S.

Zoran Mamdani will be the next mayor of New York City. The 34-year-old was born in Uganda. He's the first Muslim mayor of the Big Apple, and he beat former New York State Governor Andrew Cuomo tonight. In a vote that drew worldwide attention, Mamdani is a Democratic socialist who's promising to make New York more affordable. Former U.S. Vice President Dick Cheney has died of complications of pneumonia and cardiac arrest. He was 84 years old.

Paul Hunter has more. So help me God. Congratulations. By the time he was sworn in as U.S. Vice President to George W. Bush in 2001, Dick Cheney had already been a long-standing force in Washington. It was as vice president that Cheney became as divisive as he was consequential. After 9-11, Cheney cemented the widely held view it was his hand that guided the Bush presidency. George W. Bush, today called Cheney a decent, honorable man. His death, a loss to the nation. But the current president is a big-time Cheney critic.

As a Republican lawmaker, Cheney's daughter Liz, supported Donald Trump's impeachment. Cheney, a lifelong Republican, said he'd vote for Democrat Kamala Harris. Today, Trump's White House lowered the flag to have staff for Cheney. Underlining U.S. law requires it to do so. Paul Hunter, CBC News, Washington. And that is your world this hour. For CBC News, I'm Neil Hurland. Thank you.