CBCN - Saturday, May 25, 2024 - 12:00 a.m. (ET) - Segment #23

Like Ram Classic.As versatile as it is capable. Ram 1500, voted bestlarge pickup in Canada. Or Ram Heavy Dutywith a no-charge Cummins. And you don't pay for 90 days. The power is yours.The time is now. Get 20% off msrp on Ram Classic for up to $14,200 in discounts. Plus get 4.99% financing. Do you remember when I gave you that? 50 years ago, and I'm still trying to figure it out. Well, one thing we did figure out was a better way to waterproof decks and balconies. Certainly did. It takes no time at all to solve your decking needs at duradek.com Andrew Chang: It makes sense that they get a larger share, or does it? -Welcome to the Greenbelt. Andrew: All of this, just single detached homes? -Yes. Andrew: What do we know? I think we can explain. Announcer: About That with Andrew Chang. Watch free onCBC Gem. >> Marianne: one of the biggest names in soccer was expected to hit the field in vancouver this weekend. But lionel messi won't be joining his inter miami teammates when they play the whitecaps tonight. And that has fans kicking up a fuss. Michelle morton has the details. >> Now it's rojas creating a chaos. Played ahead. Fires. Goal! Lionel messi. >> Reporter: this is the star player tens of thousands of soccer fans have been waiting to see at B.C. place. >> It's a thrilling finish for messi. >> Reporter: that dream has been benched. Lionel messi is one of a handful of key players that will be a no-show in saturday's match. The whitecaps first announced the news thursday in a statement saying unfortunately we have no control over who plays for our opponent and it was important for us to communicate to our fans as soon as possible. The next day the head coach for inter miami offered this explanation. >> You look at the upcoming matching around the corner. In this location, obviously we have two home games. And we thought that it was the most prudent for them not to play this match. >> Reporter: major league soccer says the league will continue to review how clubs report player availability. Tickets had been starting at around $300. Now prices have plummeted. >> Two flights from edmonton and then you've got two days hotel and then you've got two tickets at regular price. So $330 a ticket. So it adds up. >> Personally I'm a pretty big fan. It would have been exciting to see him. I was disappointed but still happy to come and excited to go to the game. >> It's like only messi was there that we wanted to see. I'm a liverpool fan, too. It would have been good to see suarez. >> Like regular games usually $30 to $60, you know. But after messi not showing up, you know, they should refund people money. >> I understand their frustration. And I can tell them we share their frustration. As I said before, I think there's no one more disappointed and frustrated than our players. Because the one thing is to come to this event. The other thing is to be understated at this event. >> Reporter: the whitecaps say they'll still make the game a special one for fans, by hosting a large street party and offering in-stadium food and drinks at half price. A record 55,000 people are expected at saturday's match. Michelle morton, cbc news, vancouver. >> Marianne: the nhl stanley cup playoffs continue tonight in texas. Edmonton was able to steal a game in the western final opener on thursday night. >> Scores. It's over. 32 seconds in and redirected from the slot. >> Marianne: oilers' captain connor McDAVID'S O.T. winner overshadowed the double minor penalty that he took when overtime started. The penalty killers are crucial in the playoffs, successfully shutting down 19 consecutive power plays. Edmonton goaltender stuart skinner has three-straight wins since returning to the crease in game six of the second round. Game two happens tonight in dallas. >> He's hit bilaler. To centre. Knocks it down. [Cheers and Applause] [Buzzer] >> Marianne: and in the eastern final last night, goodrose scored in overtime to give the new york rangers a 2-1 win over the florida panthers. That levels the best-of-seven eastern finals 1-1. The teams move south to florida for game three tomorrow afternoon.

>>> The euclid space telescope is part of a mission to investigate theories of dark matter and also what's known as dark energy. Thousands of images like these will be captured for the next six years. Detailing a third of the entire night sky. More than a billion galaxies will be captured. Euclid was launched on july 1st last year. It's designed to compile wide-lens images to help scientists solve ongoing cosmic mysteries. Stay with us. Cbc news network continues with your top stories next. >> Andrew Chang: May is Asian Heritage Month. Join us in celebrating the many contributions that Asian Canadians make to Canada. The future is not just going to happen. You have to make it. And if you want a successful business, all it takes is an idea, and Now becomes the Future. A Future where you grew a dream into a reality. It's waiting for you. Mere minutes away. ( ) The Future is nothing but power and it's all yours. The all new godaddy airo. Get your business online in minutes with the power of ai. Happy birthday, big guy. Your old minivan? Your old minivan. It still runs? Like new! And thanks to Fountain Tire's trusted, reliable service, you'll be driving this for a loooong time. Never getting rid of this baby. Great. And of course! Quality tires. Why's that guy there? Because honey. Wherever you go, Fountain Tire's right there with you. Right there in that radical sidecar! What do you got under the hood? Just my legs. ( ) Sometimes the difference between a summer road trip and the road trip of the summer is an ice cold drink from McDonald's. Like a Small McCafe Iced Coffee or a refreshing Coca Cola for $1 plus tax. Step up your summer today. They'd help you too (Applause, cheers) See you through Whatever life looks like to you, we're here for it. For life as you know it. Insurance, investments, advice. Canada Life. It's not always easy to eat enough of what I should. Ensure has 25 vitamins and minerals and is high in protein to help build muscles. So, I get nutrients to help me keep doing the things I love, with the people I love. Ensure. The #1doctor-recommended brand. (Keys jingling, click of light switch) Your boss' name is Heather And she made you have an awful day Let me sing all your problems away Get started for free on eharmony. Must be 18 or older to join. Get who gets you. eharmony. >> Marianne: hello. I'm marianne dimain. This is cbc news network. The remains of an unknown soldier, who served in the royal newfoundland regiment during the first world war, are now returning home.

>>> These are some of the scenes from a ceremony this morning in beaumont-hamel, france. Members of the canadian armed forces personally accepted the casket. Premier andrew furey was also in attendance. The cbc's heather gillis has more on the ceremony and the journey ahead. >> Reporter: the unknown soldier from newfoundland is back in the hands of fellow members of the royal newfoundland regimen and the canadian military. He was transferred at a ceremony here at beaumont-hamel in france. An important sight for the regiment, because this is where they suffered catastrophic losses during the battle of the som july 1st, 1916. M.R.I. today this area is a park honouring those lives lost and no better place than to hold that transfer ceremony. The unknown soldier is going to the airport under a police escort, where there will be a ceremony again loading him into an airplane. Once he's back on newfoundland soil, there will be another ceremony where he'll be back on newfoundland ground for the first time in over a hundred years. Then he'll be taken past places he once visited. Pleasantville where the regiment trained and that is where fellow members of the regiment will stand guard and pay respects to the soldier as he drives by. Then later next month, the unknown soldier will lie in state at the province's legislature before his full military funeral on memorial day, that's july 1st. Then he'll be put in a tomb with labradorite remembered permanently. Heather gillis, cbc news, beaumont-hamel, france. >> Marianne: the university of toronto has issued a trespass notice to a pro-palestinian encampment on its grounds. Students have been ordered to leave by monday 8:00 A.M. eastern time. But protesters say they plan to stick around. >> We do not plan to leave any time soon. They put out their first offer to us yesterday. More of an ultimatum that they are framing as the final offer. U. Of t. Knows how to bargain. They bargain with unions on campus all the time. The first written offer cannot be the final offer. And so we are currently preparing our counteroffer and hopefully we're able to discuss that at the 5:00 P.M. meeting on sunday. >> Marianne: protesters had 24 hours to respond to the university's latest offer, but once the deadline passed at 4:00 P.M. yesterday, the university issued a notice. The university says further consequences will come if protesters don't leave on monday. Those could include a five-year suspension or expulsion. The encampment started more than three weeks ago. Students have been asking for the university to cut ties with israeli institutions operating in the west bank, among other demands.

>>> And now for a look at the latest on the fighting in gaza. Israel is once again launching airstrikes on rafah, despite an order from the world court to stop its military offensive in the city. Reports say israel carried out strikes in rafah, including on a refugee camp and a nearby hospital. In northern gaza, the israeli army says the forces in jabalia killed dozens of fighters in close crashes and in air attacks. All this on the heels of the world court ruling. Journalist irris makler tells us what role's next steps may be. >> Reporter: well, we can see over the past 24 hours, since we've heard from the i.c.j., the international criminal court, that there has been no let up. We've steen airstrikes. We've seen reports of hand-to-hand fighting actually on the ground in rafah. And both sides -- israel says it's finding tunnels that are bringing -- smuggling tunnels from egypt. And the civilians report casualtieses. That continues. It's interesting with this international court of justice judgment or recommendation. It doesn't have a police force. It's not enforceable. So what would happen possibly if israel continues not to obey an order of that court is a central motion in the united nations security council. Then it would be depending once again on america, you know. America has always opposed the large military operation in gaza. So we see that, but there may be another step, you know, within the last hour we have heard that there could now be a resumption of talks, talks on cease-fire deal. Talks on hostage return. And that could be another way to solve this. We have heard that because there was a meeting between the head of the cia, the head of israel's group and the emiratey prime minister. They met in paris yesterday and meeting with egyptian leaders. It's been two weeks with no hostage talks. I think that might be a positive sign. And that could be a solution from another vantage point all together. >> Marianne: let's talk more about humanitarian aid. Because the I.C.J. called to allow the aid into gaza. What's the latest on that front? >> Reporter: that's right. There's been a big problem with aid over the last 19 days, since israel entered rafah on may the 6th. Then egypt said -- that was the egypt-palestinian border crossing. A lot of aid through there. Egypt said it was not going to continue to allow aid to come in while israel was there. Both israel and egypt blaming each other. What the reality of all of this is means hundreds of trucks backed up there. What we have is an intervention from the U.S. to the egyptian president, an agreement to move aid in from an israeli -- nearby israeli border crossing in the south. The problem, as always, will be distribution. But, nevertheless, that is a breakthrough. Because, you know, that aid in those trucks is starting to rot. People inside the south of the gaza strip and the 900,000 people, who have moved to a tiny area of land, they need some support and perhaps this would be the way to do it, if the aid once it gets in can be delivered to them. >> Marianne: that's journalist irris makler in jerusalem. Voters in northern india are casting ballots in the second to last phase in the general election. But a heat wave is raising concerns with temperatures in some areas rising well into the 40s. At least nine people are believed to have died from that heat. India's summer temperatures usually peak at about this time, but scientists say the country may sea more heat waves more days than usual this year.

>>> U.S. regulators have filed an antitrust lawsuit against livenation, the parent company of ticketmaster. They allege the company's practises resulted in poor service for customers looking for concert tickets, as well as less competition and fewer opportunities for artists. More on that with our weekend business panel. We'll have that discussion as they're standing by this saturday morning. That's here on cbc news network. Announcer:Closed captioning forthis program is brought to youin part byTour Watch all three episodesofCome and Say G'Day, a paid content series byTourism Australia,onCBC gem. Wall paper or paint.We make thousands of financialdecisions every day. Stay on top of it all withalerts and insights from the cibc Smart Account. (Opening Mnemonic) (music throughout) ( ) ( ) Nutty...and sweet. Latte macchiato. ( ) This one is for the prize? Intenso. No, cool. Definitely iced. ( ) Sweet. Bye. Nespresso, what else? ( ) Interrupted by dry eyes? Get fast-acting relief with hydraSense eye drops. ( ) Made with a naturallysourced lubricant. hydraSense eye drops. Kevin and Sarah have one of the world's largest collections of souvenir plates. [crash] They also have a teenager, so they got their plates insured. But they don't have life insurance. Kevin's worried his diabetes will make it hard to qualify, and Sarah does not like medical exams. So we got them some new plates to tell them about Canada Protection Plan. Canada Protection Plan hassolutions for both the healthy and hard to insure. With no needles or medicalexams required on most plans. You'll get great coverageat a price you'll love and there are no paymentsin your first month. Anybody between18 and 80 can apply and there are greatmember benefits including rewards for activeliving and giving back. As part of the Foresters family,your coverage is backed by our excellentfinancial strength. Contact your advisor or call now to get a no-obligation quote in minutes. Canada Protection Plan. Protecting what matters most... you. [crash] >> What assurances can you give to Canadians watching this at home? Is that everything you needed to do, or everything you wereableto do? >> We're not going to make a decision on a budget we haven't seen yet. >> Let Canadians decide. >> Announcer: David Cochrane forPower & Politics, weekdays at 5:00 p.m. Eastern onCBC News Network. >> Marianne: time now for your weekend business panel. Here's a look at some of the stories we're tracking for you. U.S. regulators filed a lawsuit to break up live nation. They claim the company's practises made it tough for competitors and led to higher concert ticket prices for customers. Also ahead, westjet has plans to start a new fare category. It's cheaper and it's for travellers who are ready to fly without a carry-on bag. Plus, canada's annual inflation rate cooled to 2.7% in april, according to stats canada. So is this inflation here to stay? Here to talk about all of that and so much more, jeanhy shim is president of housing lab toronto, a housing development advisory firm. And christian bravo is a canadian research chair in banking and insurance analytics at western university. Good morning to both of you. Happy saturday. Nice to see you this morning. All right. Let's start with U.S. regulators trying to break up live nation. That is the parent company of ticketmaster. The U.S. department of justice says the company's practises have hurt the entertainment industry. Live nation has characterized claims against its practises as baseless. And in a statement, they addressed that. So, jeanhy, let's start with what you think about this. What's behind the dispute with live nation? >> This has been brewing for some time. It started with -- let's remember back taylor swift, pressing outrage atle ticketmaster when announcing the tour last year. The difficulty fans had to get tickets. This led to some committee hearings and now they've been building their case and finally announced it. There does seem to be some evidence, but certainly it will go through the court process now. I think net-net consumers at the end of the day will benefit. Perhaps we'll see more transparency. Maybe ticket prices will go down, maybe junk fees will be eliminated. Who knows. This has been brewing for some time and coming to culmination. >> Marianne: yeah, we know customers have been frustrated by this.

to your point, they're hoping the price goes down. We'll get to that in just a moment. Let's talk about the executive at live nation. Dan wall suggests a lawsuit will not resolve the issue of ticket prices. The post goes on to suggest, it is also absurd to claim that live nation and ticketmaster wield monopoly power. Christian, let's talk about this more. Is it fair to blame higher prices on company when other factors are involved? >> In this case, the case of monopoly power through integration. It means you own everything here. Ticketmaster and live nation control 80% of the venues and also for complete packages to the artists. So they have to do everything through themselves. So these are both monopolies in the sense that they control most of the venues. Also they're the only customers that you have when you want to enter the market. In that sense, there is, indeed, a case to be made that these mergers should never have been allowed, right. And what that means is that, indeed, from the point of view from the competition, they're not facing that much. So I think there is merit in saying that they do hold some monopoly power here. >> Marianne: people want to know will it cost me less to get a ticket for a concert, cristian could the tickets drop after all of this? >> I think in the times that they have tried to break up the specific merger, it has to do with the fact that they're now now attacking artists and venues. I do not see this is going to make a huge drop in prices. This will bring more competition, because the artists and the venues are going to split. This is not tackling the biggest point in what we see as consumers, scouting and the bots. They're the ones contling and and buying the tickets at the step. This is not tackled in the lawsuit, because the way the antitrust works in the U.S. >> Marianne: I think a lot of concert-goers will store the money away in piggy banks. Let's talk about westjet. You may not have to break the bank. A new fare category for travellers willing to fly without a carry-on-sized bag. That could mean again lower fares, save you some money. Jeanhy, do you think this will appeal to canadian travellers? >> Certainly an eye-catcher in the headlines, see you can pay less if you don't have any carry-on baggage, except for something quite small. You know, it's good P.R. move. It's a nice change from the nickel and diming when you fly, you buy a ticket. If you want to choose your seat in advance, you have to pay. And who knows. Good thing they're not charging us to use the washroom or have water. [Laughter] so it's a nice, you know, kind of a shift from that. And, you know, I think it reflects the society we're moving more towards that can pay for what you use. We know the airline certainly has jumped on that bandwagon for quite some time now with the extra charges. I think psychologically it's a nice relief. How many canadians will be able to do that and resist the urge to bring everything on the flight with them or maybe they're suddenly trying to push people towards checking a bag, which you have to pay for that. Overall, though, I think the other airlines may follow suit. It's a good P.R. move. And it will benefit some people. >> Marianne: yeah. Especially so many people seem to be only bringing on a carry-on instead of checking their bags. So will this make a difference or people willing to part with their bags. We'll see. This has been done in other places like europe. What do you think? >> With this sunwin is moving towards the ultra-low cost carrier. You pay for what you use. Less bags means less fuel and less taxes to pay, because they're tied to the base ticket price, right. So now they can bring that down. This also leads to people selecting what they need to bring, right. So you can say a better customer experience. There's nowhere to put your carry-on. So with this you get to choose, are you going to bring a carry-on, just bringing a bag. So the consequence for that price was, though, it's a bit more unclear in which we see

that decrease in ticket prices, in places with excess, like in europe, for instance. >> Marianne: you know, it will be interesting to see who jumps on that. Any savings at this point, you know, so many canadians just want to save any way that they can. Let's talk about the final topic. Canada's annual inflation rate cooled to 2.7% in april. That's according to statistics canada data released this week. What is your takeaway here. Cristiane, is this here to stay? >> Well, in a vacuum this is great. It means what the bank of canada is doing is working. So higher rates are not on the horizon. And the bank of canada now can start looking at decreasing that. So this inflation or I believe more stable inflation does seem to be in our near future, unless we start diverting too much from the U.S. rate. And that's the game that they're playing. They're not in the same situation as us. And we do need them to be relatively close to us or need to be relatively close to them, otherwise that can actually push prices higher here, because of the difference in the canadian dollar and the american dollar. So good news. We've got to be careful that we're in a very integrated economy, especially with our neighbours down south. >> Marianne: okay. We've got to be cautiously optimistic. Jeanhy, canadians looking ahead to the bank of canada's next interest rate decision. What is the impact of all of this waiting been like for the housing industry? >> Well, the immediate impact we saw starting last year was a lot of developers who wanted to bring on new projects, put stuff on hold. So the risk here with what's happening, the pipeline that we call in terms of having new housing, the planning stages or, you know, launched and potentially starting construction. That's empty right now. The longer these rates stay higher, developers will continue to wait. So I think rate cuts are really important for the industry to start building again. Ironically the lack of supply is actually exacerbating, for example, rents that are continuing to go up. And so the inflation numbers are overall good. There are certain components, shelter in particular, which tends to -- are still higher than the average. And again this is a visual circle of the higher rates means we don't have new housing starts. It means consumers renew their mortgages next year and the following year. They're not renewing at the 2% that they perhaps were at a few year ago. That puts pressure on inflation. Tiff macklem wants to see sustained lower inflation rates. I'm telling consumers last year, hold on, this is medicine. It feels bad. It's good in the long run. I think a lot of pressure in the june rate cut. I think the bank is independent. A lot of pressure brewing that we've been waiting. We've been waiting. And this is really important for the housing industry in particular. >> Marianne: and we'll continue to wait and watch. In the meantime, appreciate both of your insights. Thanks for joining us on the weekend business panel. Jeanhy shim is president of housing lab toronto, a housing development advisory firm. And cristiane bravo is an associate professor and canada research chair in baying and insurance analytics at western university. Thanks so much to you both. Remember you can watch the weekend business panel every saturday after 10:00 A.M. eastern right here on cbc news network. [rock] go hard go wild Woman: And the crowd goes wild! you fear the blood the sweat the tears We fight the best we can. Man: We build our own legacy. Arena announcer: She scores! ( ) ( ) (i am by your side) (i am by your side) ( ) At Pet Valu, we treat your pet like our pet. Well, Georgie, it's time for adult food. And there's a lot of great options to choo... too choose from. They grow up so fast. I know... I do this like ten times a day. When you back hurts, life hurts. Robax dual action formula relieves pain and relaxes tight muscles. Take back your back with Robax. (sigh) Italy... KFC's $5 Sandwich of the Day is back. Only in Canada. Have a great trip... What? Sit down. Not everyone's happy. But you will be. ( ) Let's go for a skate, and a little chat. Because retirement today is not what it used to be. The good news is we're living longer and more active lives, but planning for that longevitycan come with some challenges. Thankfully as a Canadian homeowner aged 55 and better, you have options.

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