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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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.