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The Peak Daily

Retaliation 🥊  â€”  Canada responds to U.S. tariffs, MontrĂ©al looks to boost biotech biz.

Mar 5, 2025
07:43

The federal government took the phrase “an eye for an eye” to heart, wasting no time responding to the U.S.’s 25% tariffs on Canadian goods and 10% on Canadian energy.

One of Canada’s biotech hot spots is hoping a shiny new research hub will help bring more of the [US$2.8 trillion](https://thoughtleadership.rbc.com/canadas-biotech-reboot-how-to-keep-the-vital-life-sciences-sector-strong/#:~:text=Supported by a world-class,growing%2C high-value field.) global life science business to the city.

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