Bloomberg News reports on Bennett Jones’ 2025 Economic Outlook and why Canada needs to safeguard its relationship with the United States—but will have to retaliate in a “smart, targeted manner” if the Trump administration puts broad 25 per cent tariffs on imports. “Retaliatory tariffs or other measures should be targeted strategically to inflict maximum political pain in the United States (in some cases localized) with the least collateral damage to Canada,” the Outlook says.

David Dodge told viewers during the Outlook’s webinar presentation, “We emphasize it’s essential that businesses and governments focus on the opportunities for generating growth and not succumb to inaction due to uncertainty.”