Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Our guidance includes the expected impact from all tariffs currently in effect.
The outlook continues to evolve, and we are operating in a unique environment...higher-performing loan provisions...driven by a deterioration in our forward-looking indicators and the use of expert credit judgment to reflect trade uncertainty.
We feel like we have our arms around it, even though it's changing every day. It's not nearly as impactful as it appeared it was going to be several months ago.
We expect to absorb a portion of the tariff impact as we do not anticipate that these actions will fully offset incremental costs in fiscal year twenty twenty six.
As tariffs remain at elevated levels, we will be working to find the right combination of pricing versus merchandise margin compression.
It has created meaningful uncertainty for our clients, the insurance industry, and otherwise.
trade policy uncertainty, all these things, these have material impacts on our customers. It increases the cost of goods that they secure, the supply chains, their material costs that create uncertainty in their bidding processes.
Tariff uncertainty weighed on the Canadian housing market, and we saw slower purchase activity.
While we believe the evolving tariff situation is impacting customers' decision-making...
We are reiterating our guidance even with absorbing incremental costs from the existing tariff environment.