The World This Hour - The World This Hour for 2025/11/05 at 00:00 EST

Episode Date: November 5, 2025

The World This Hour for 2025/11/05 at 00:00 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 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. And the budget already has some political fallout. Conservative MP Chris Dantramal has announced he's crossing the floor to join the Liberals.

The Nova Scotia MP makes the math easier for the Liberals to pass their budget through a minority parliament. Catherine Cullen explains. The Liberals need three votes or three abstentions to get this budget passed. It looks like now Dantramal 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. There is 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. Zoran Mamdani will be the next mayor of New York City. The 34-year-old was born in Uganda and moved to the Big Apple as a child. I am young, despite my best efforts to grow older. I am Muslim.

I am a democratic socialist. And most damning of all, I refuse to apologize for any of this. Mamdani beat former New York State Governor Andrew Cuomo tonight in a vote that drew worldwide attention. Mamdani is promising to make New York more affordable. But he also has to make. has a history of anti-Israel activism, a history that sparked fear among some Jewish voters in New York. In his concession speech tonight, Cuomo had a warning for the next mayor. We cherish our diversity, and we have no tolerance for discrimination of any kind by race, religion,

sexual orientation, or creed, and we will not tolerate any behavior that fans the flames of anti-Semitism or diverse attacks. And tonight, Democrats also won the race for governor in New Jersey and Virginia. In California, voters approved a ballot measure to change congressional district boundaries in a way that would benefit the Democratic Party, a move designed to blunt efforts by Texas Republicans to redraw their own maps in a favorable manner. And that is your world this hour.

For CBC News, I'm Neil Hurland. Thank you.