Lululemon joins a wide range of companies, from retailers to airlines, that have warned investors about the potential hit to their revenue and profits because of tariffs raising costs and consumers potentially tightening their spending.
Carney said Canada will achieve NATO’s spending target of 2% of gross domestic product five years earlier than it had previously planned.“Our military infrastructure and equipment have aged, hindering our military preparedness,” Carney said. “Only one of our four submarines is seaworthy. Less than half of our maritime fleet and land vehicles are operational. More broadly we are too reliant on the United States.”
According to NATO figures, Canada was estimated to be spending 1.33% of GDP on its military budget in 2023, below the 2% target that NATO countries have set for themselves. Canada previously said it was on track to meet NATO’s spending target by the end of the decade.“Our goal is to protect Canadians, not to satisfy NATO accountants,” Carney said.The announcement of increased spending came as Canada is about to host U.S. President Donald Trump and other leaders at a summit of the Group of Seven leading industrialized nations in Alberta on June 15-17, and before the NATO summit in Europe. It also comes as NATO allies are poised to increase the commitment well beyond the 2% target.
NATO Secretary-Generalthat most U.S. allies at NATO endorse
that they invest 5% of gross domestic product on their defense needs and are ready to ramp up security spending even more.
Carney has said that he intends to diversify Canada’s procurement and enhance the country’s relationship with the EU.ATMORE, Ala. (AP) — A man convicted of beating a woman to death nearly 37 years ago is scheduled to be executed Tuesday in Alabama in what will be the nation’s sixth execution with nitrogen gas.
Gregory Hunt is scheduled to be put to death Tuesday night at a south Alabama prison. Hunt was convicted of killing Karen Lane, a woman he had been dating for about a month, according to court records.The Alabama execution is one of
in the United States. Executions are also scheduled in Florida and South Carolina. A judge in Oklahoma on Mondayfor an execution in that state, but the state attorney general is seeking to get it lifted.