The World This Hour - The World This Hour for 2025/11/05 at 02:00 EST
Episode Date: November 5, 2025The World This Hour for 2025/11/05 at 02:00 EST...
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From CBC News, the world this hour.
I'm Neil Hurland.
Prime Minister Mark Carney's liberal government is looking for votes to pass its new budget.
Carney has a minority of seats in the House of Commons.
The budget lays out billions of dollars in spending and tax breaks,
plus incentives to help Canadian companies survive the trade war.
Peter Armstrong has more.
Mr. Speaker,
the budget I present today comes at the time of profound change.
In the House of Commons, Finance Minister Francois Philippe Champagne lays out the plan his government
is crafted to help the economy not just survive the tariff crisis, but to thrive in spite of it.
Businesses are being asked to bet big on the liberal promise to get Canadian products to market.
The budget is meant to buy time, time for these measures to be implemented and take shape,
but the damage being done to the economy is happening in real time.
Sawhir Khan, Vice President of the Institute of Fiscal Studies in Democracy at the University of Ottawa, says the clock is ticking.
And I don't think these measures are really going to kick in in the short term.
It's about confidence in the short term, but the results of a major capital strategy and defense strategy are going to be felt over decades.
And therein lies the hard part.
Can the economy keep its head above water long enough for the budget and its changes to start playing out?
Peter Armstrong, CBC News, Toronto.
U.S. President Donald Trump's tariffs face a crucial test Tuesday.
The U.S. Supreme Court will hear arguments in a case that will decide whether Trump has the legal authority to impose tariffs in response to what he calls emergencies.
Mike Crawley has more from Washington.
It's in one of the most important decisions in the history of our country.
U.S. President Donald Trump showing just how badly he wants to win this case.
At stake, billions of dollars' worth of tariffs he's imposed on.
on imports from dozens of countries, including Canada.
Without tariffs, our country would be in great jeopardy.
The case before the Supreme Court does not address the tariffs
Trump has levied on specific sectors.
Instead, it's focused on Trump's use of an economic emergency law
to hit countries with broad-based tariffs
over cross-border fentanyl trafficking and long-running trade deficits.
He's saying that this is an emergency.
Harold Hongzhou Coe is a professor at Yale Law School.
It's a persistent problem, not an unusual, extraordinary threat that has suddenly arisen.
The case was brought by small businesses who say the president violated the Constitution with his tariff regime.
The lower court rulings all went against the administration.
Mike Crowley, CBC News, Washington.
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 by promising to make New York more affordable.
But he also 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 races for governor in New Jersey and Virginia.
The fish plant in the Newfoundland community of St. Mary's has burned to the ground.
St. Mary's mayor, Steve Ryan, says much of the building is lost.
Three fire crews were on site, facing hurricane force winds as the so-called weather bomb sweeps across the province.
Ryan says the structure was gone before crews could even get to the flames.
And that is your world this hour.
I'm Neil Hurlant.
