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Rogers navigating federal immigration policies, tariff threat as profits rise

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The chief executive of Rogers Communications Inc. says the company plans to "remain disciplined" this year amid a competitive telecom market, but could face challenges from Canada's reduced immigration targets and the tariff threat from the U.
The article from MSN discusses Rogers Communications Inc.'s recent financial performance and the challenges it faces amidst rising profits. Rogers reported a significant increase in profit, with a 19% rise in net income to $508 million in the first quarter, driven by strong wireless subscriber growth and higher roaming revenue. However, the company is grappling with several external pressures. One major issue is the potential impact of federal immigration policies, which could affect the labor market and, consequently, consumer spending power. Additionally, Rogers is dealing with the threat of tariffs, particularly in light of ongoing trade disputes that could increase costs for imported technology and equipment. The company is also navigating through regulatory scrutiny and competition in the telecommunications sector, which could influence its strategic decisions and market positioning. Despite these challenges, Rogers remains focused on expanding its 5G network and enhancing customer experience to maintain its competitive edge.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/economy/rogers-navigating-federal-immigration-policies-tariff-threat-as-profits-rise/ar-AA1y7fYi ]