Canada is acquiring a new fleet of 88, state-of-the-art 5th Generation F-35 Lightning II fighter jets to enhance its capability to meet the national and international security threats.
Announcing this, Canadian Defense Minister Anita Anand said, "As our world grows darker, with Russia's illegal and unjustifiable attack on Ukraine, and China's increasingly assertive behavior in the Indo-Pacific, this project has taken on heightened significance - especially given the importance of interoperability with our allies."
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Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.