The Peak Daily

Canadians who swore off U.S. travel in response to tariffs are evidently quite serious about their pledge, and airlines are starting to feel the impact.Drug makers like Aspen Pharmacare, Sandoz Group, and Hikma Pharmaceuticals are racing to put out cheaper, generic versions of popular drugs used for weight loss.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

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.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The NHL's 4 Nations Face-Off hockey tournament begins tonight, with Canada taking on Sweden at Montréal’s Bell Centre. Canadian airlines are probably hoping that the “Buy Canadian” movement includes travel. 

Just when we thought we were safe, a fresh round of U.S. tariffs is on the way. The third annual AI Action Summit wraps up today in Paris as global leaders and AI industry big-wigs chat about innovation over croissants and cafe au laits.  

From switching up groceries to relocating weddings, Canadians are looking to spend their cash outside of the U.S. Like John Hughes in the ’80s, Canada’s tech industry is writing its own coming-of-age story. 

We have good news, and good-ish news: full-bodied California reds are back on LCBO shelves, and President Donald Trump will delay slapping tariffs on Canadian goods until at least March 1. Later this month, Tim Hortons will bring back its iconic Roll up to Win cups after a years-long hiatus. 

A possible breakthrough in China could put an end to the AI stock rally that one U.S. analyst called “one of the greatest spending binges in human history.” Vail Resorts, the owner of ski resorts including Whistler Blackcomb, is veering off-piste. Plus an interview with Cisco and the Wiikwemkoong Unceded Territory.

Entrepreneurship in Canada is on the rise if you only look at organized crime. Canada Post projects it will lose $900 million this year, with losses expected to balloon to $1.7 billion by 2029. What’s a national postal service to do?

Federal layoffs are looming, with a staggering 43% increase in government workers since 2015. Ontario's new initiative to sell naming rights for transit stations adds a humorous twist to a serious topic. Meanwhile, retailers, particularly in the outdoor sector, grapple with an excess of inventory. Mountain Equipment Co-op faces the challenge of maintaining its core values while navigating difficult market conditions and potential budget cuts.

On his first day in office as U.S. president, Donald Trump signed ~200 actions, memos, and proclamations. The good news is a directive to ignite a trade war with Canada wasn’t one of them. The bad news is he says tariffs are coming, and soon.For a brief period after Confederation, cricket was Canada’s national sport. It likely won’t ever regain that status, but it is still on the come-up.