Canada budget projects fiscal 2026-27 deficit of C$62.3 billion and fiscal 2027-28 deficit of C$62.5 billion.

Turkish parliament approved the Mecca joint defense pact signed by Turkey, Pakistan and Saudi Arabia.

Lingyun Optics said reports that Google placed a large OCS order with Polatis that Lingyun would manufacture are false. The company is Polatis’ agent in China and Southeast Asia, responsible for market development, sales and after-sales service and does not undertake production or contract manufacturing. Lingyun said it is discussing an ‘‘embodied-intelligence data capture + robotic platform’’ solution with a leading contract manufacturer; related revenue is currently small, not material to near‑term results, and timelines are uncertain. OCS has won small-volume orders in domestic optical module and device makers’ automated testing; datacenter-scale OCS deployment depends on network architecture upgrades and broad domestic adoption will take time.