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Industrial building with a glass entrance and logos for OmniaBio and CCRM on the facade. Parking area in the foreground.
Investment

Feds and OmniaBio partner to expand Hamilton facility for revolutionary cell and gene therapies

The Government of Canada announced a collaboration with OmniaBio to expand its facility at McMaster Innovation Park. This expansion will focus on manufacturing cell and gene therapies, providing production services globally, and strengthening Canada's role in global value chains. The project aims to revolutionize treatments for chronic diseases such as cancer, autoimmune conditions, diabetes, cardiovascular, and neurological diseases.

People in hard hats participating in a groundbreaking ceremony with shovels, in front of excavators and an IKEA banner.
Newsletter

Invest in Hamilton March 2025 Newsletter

City skyline at night with light trails and a cloudy sky, creating a dynamic, illuminated effect over the urban landscape.
Trade and Tariffs

Hamilton trade and tariffs update (March 25, 2025)

This week, the White House announced a 25% tariff on auto imports, effective April 3, 2025, impacting North America's automotive sector. The U.S. also imposed tariffs on imports from countries buying oil from Venezuela. Canada, heavily reliant on U.S. trade, faces significant challenges. Prime Minister Carney is set to discuss these tariffs with the American president and provincial leaders.

Breaking ground at the future IKEA Hamilton CDC and Collection Point with representatives from IKEA Canada, local government, and chambers of commerce.
Investment

IKEA breaks ground on Hamilton Customer Distribution Centre

IKEA Canada breaks ground on a new 483,285-square-foot Customer Distribution Centre (CDC) and Collection point in Hamilton, part of a $400 million investment to enhance its omnichannel journey and retail experience. The facility aims to improve accessibility and convenience for Canadians while supporting sustainability goals.

City skyline with tall buildings under a blue sky, viewed from a hillside with a road in the foreground.
Trade and Tariffs

Hamilton trade and tariffs update (March 10, 2025)

The week of March 10, 2025, brought significant challenges for Hamiltonians and local businesses due to steel and aluminum tariffs. Ontario applied a 25% surcharge on electricity exports to the U.S., leading to a series of retaliatory measures and negotiations. The U.S. increased tariffs on steel and aluminum imports, prompting Canada to respond with counter-tariffs.

Aerial view of an industrial facility near a body of water, with several buildings, machinery, and smokestacks visible.
Trade and Tariffs

Hamilton trade and tariffs update (March 3, 2025)

The week of March 3, 2025, saw significant changes in trade policies as the United States applied tariffs on Canada, Mexico, and China under the International Emergency Economic Powers Act. The American administration issued a reprieve on automotive tariffs and revised North American trade policies. In response, Canada and Ontario implemented their own tariffs and measures.