Government’s economic update, U.A.E. leaving OPEC, the King’s speech, and more
4/28/202627 min
A drop in the expected deficit, and a boost in global oil prices have put Canada on a stronger fiscal footing than was projected in November’s budget. Ottawa is using that resilience to justify billions in new spending. We’ll have the details.
And: The United Arab Emirates is quitting the Organization of the Petroleum Exporting Countries. The U.A.E. has been a longtime member of the cartel that controls oil flow from about a dozen countries. But it now says the organization is limiting its ability to sell more oil.
Also: King Charles gives a 30-minute speech to the U.S. Congress, emphasizing the connections between the U.S. and the U.K. His remarks were met warmly, including several standing ovations.
Plus: Albertans on separatism, settler violence in the occupied West Bank, bail is getting harder to get in Ontario, and more.
Clips
Transcript preview
First 90 secondsSpeaker 00:00
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Pierre Poilievre· Soundbite0:29
[upbeat music] This is a CBC podcast.
François-Philippe Champagne· Soundbite0:34
[upbeat music] Let's lead with the strengths of our values and the value of our strengths. Canada is resilient. Canada is resourceful. Canadian are resourceful people.
Stephanie Skenderis· Host0:51
The government releases its spring economic update with a smaller deficit than forecast, partially thanks to a boost in oil revenue. But there's also billions in new spending, some going towards sports, as well as skilled workforce training, and that new sovereign wealth fund. There's also criticism, questions about how the government will pay for the spending and keep the deficits shrinking. This is Your World Tonight. I'm Stephanie Scanderos. It's Tuesday, April 28th. Coming up on 6:00 PM Eastern, also on the podcast...
Charles· Soundbite1:23
King George, as you know, never set foot in America, and, um, please