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Tariff Costs Put New Pressure on U.S. Corporate Profits

Rising tariff expenses are beginning to weigh heavily on U.S. companies, prompting executives across multiple industries to warn that profit margins may tighten in the months ahead. Many firms had initially suggested they could manage the added costs through efficiency improvements or selective price increases, but that confidence is fading as import-related expenses continue to climb. Companies that rely on global supply chains are feeling the strain most acutely. Higher costs on imported materials and components are forcing difficult decisions: pass the increases on to consumers, risking weaker demand, or absorb the costs internally, which directly erodes profitability. For many businesses, neither option is attractive. Consumer-facing brands are finding it especially challenging to raise prices further, as shoppers show growing sensitivity to even modest increases. This resistance limits the ability of firms to offset tariff-driven expenses, creating a squeeze that is beginning t...
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Canada Reassesses F-35 Fighter Jet Deal Amid Geopolitical Tensions

Prime Minister Mark Carney has initiated a review of Canada's agreement to purchase 88 F-35 fighter jets from U.S.-based Lockheed Martin. The deal, valued at approximately $85 million per aircraft, aims to modernize the Royal Canadian Air Force. However, Carney has directed Defence Minister Bill Blair to evaluate whether the contract remains the best investment for Canada in light of evolving geopolitical circumstances.

The review comes amidst escalating trade tensions with the United States, including provocative rhetoric from U.S. President Donald Trump. While Canada is legally committed to acquiring the first 16 jets, the government is exploring whether alternative options might better serve the nation's defense needs. Blair has emphasized the importance of ensuring the deal aligns with Canada's strategic interests and has pledged to consult with military and international allies during the review process.

This reassessment underscores the complexities of balancing national defense priorities with shifting international dynamics. The outcome of the review could have significant implications for Canada's defense strategy and its relationship with the United States.

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