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Richard Dion

Economic Analyst and Forecasting Advisor

Senior Business Advisor

Serge Dupont

Senior Advisor at Bennett Jones Ottawa

Senior Advisor

The global and Canadian economies are still adjusting to the shocks of COVID and war. Inflation remains elevated, and monetary conditions are restrictive. There are legacies, in particular high public and private debt.
Concurrently, the forces of demographic ageing, climate change, and digitalization are intensifying in a new fragmented world, transforming our economies, and requiring more public and private investment. These two factors—short-term adjustment and structural change—set the background for our 2024 Economic Outlook.

2024 Economic Outlook The LongTerm Is Now

2024 Economic Outlook: The Long-Term Is Now

For the last three years, governments, businesses and workers have confronted a series of shocks and disruptions that have tested their agility and resilience. The pandemic, the war in Ukraine, supply chain constraints, swings in commodity prices, and higher inflation and interest rates, have demanded swift responses and adjustment. There are aftershocks, uncertainty and risk, and still a need to adapt. Navigating turbulent times remains a key function of policy and business planning. Yet, given forces shaping the world of tomorrow, it matters even more how governments and businesses plan to invest, innovate and create the conditions for sustainable growth over the longer term. This Economic Outlook entitled Playing the Long Game reviews recent developments and short-term prospects, sets out a baseline scenario and risks to assist business planning and describes some of the context for the longer term and key tasks ahead for Canadian governments and firms.

Economic Outlook Playing the Long Game

Economic Outlook: Playing the Long Game

The purpose of this paper is to explore the way two fiscal anchors, the debt/GDP ratio and the interest cost revenue ratio, are likely to evolve over the decade ahead (2032-33) under five plausible economic scenarios and thus to assess the implications of these two anchors as a guide to sustainable fiscal policy actions. Our conclusion is that the fiscal plan as laid out in Budget 22 and the fall FES is unlikely to be sustainable over the decade ahead.

Assessing the Potential Risks to the Sustainability of the Government of Canadas Current Fiscal Plan

The Government of Canada's current fiscal plan may not tell the full story of the country's financial path.

Assessing the Potential Risks to the Sustainability of the Government of Canada's Current Fiscal Plan

We present the Bennett Jones Fall 2022 Economic Outlook in a time of a slowing global economy, war and global trade tensions. Interest rates?—and prices in general?—have seen hikes and as the world attempts to navigate towards a post-COVID future, uncertainty remains a major theme in economic rhetoric. 
 
Our actions now will shape the decade ahead? and there is opportunity for businesses to make the most of the current global landscape?—investing, investing, investing. In making the most of our situation, from the downsides of external factors to our privilege in resource accessibility, Canada can begin to close the gap between our current state and our tremendous upside potential.

Bennett Jones Fall 2022 Economic Outlook Managing Risk and Taking Action

Bennett Jones Fall 2022 Economic Outlook: Managing Risks and Taking Action

Jessica Kennedy

Regulatory Lawyer at Bennett Jones Calgary

Partner

Martin Ignasiak KC

Energy & Industrial Projects Lawyer

Head of Energy Regulatory Services

Larissa D. Lees

Associate

On June 9, 2026, the Government of Alberta enacted the Data Centre Regulation, AR 117/2026 under the Electric Utilities Act, codifying the province&rsquo;s &ldquo;bring your own generation&rdquo; policy and providing the legal foundation for the Alberta Electric System Operator&rsquo;s grid connection process for large data centres.&nbsp;

Albertas BYOG Framework

Alberta's BYOG Framework: What Data Centre and Generation Proponents Need to Know

J. Sébastien A. Gittens

Technology Lawyer & Trademark Agent

Partner, Trademark Agent

Caroline Poirier

IT, Privacy & Data Protection Lawyer

Stephen D. Burns

Energy & Infrastructure Technology Lawyer | IT/OT & Markets

Earlier this month, the federal government introduced the proposed federal Protecting Privacy and Consumer Data Act (PPCDA) &ndash; a signal that Canada&rsquo;s private-sector privacy landscape may undergo significant transformation imminently. To assist organizations that conduct business in Canada with their potential compliance efforts with respect thereto, the following is intended to provide a non-exhaustive, high-level comparison between: (i) the PPCDA; (ii) Canada's Personal Information Protection and Electronic Documents Act (PIPEDA); (iii) Qu&eacute;bec&rsquo;s Act respecting the protection of personal information in the private sector (the Qu&eacute;bec Privacy Act, as amended by Law 25); and (iv) the Personal Information Protection Acts of Alberta and British Columbia (collectively, the PIPAs).

A Comparison of the PPCDA PIPEDA Quebecs Privacy Act and PIPA

A Comparison of the PPCDA, PIPEDA, Quebec's Privacy Act and PIPA

Adam W. Taylor

Corporate Commercial Lawyer at Bennett Jones Toronto

Matthew Flynn

Technology Transaction Lawyer at Bennett Jones Toronto

Simon Grant

Financial Services & Regulatory Lawyer

Partner 

Canada's proposed Consumer-Driven Banking Regulations provide the first detailed framework for implementing the country's open banking regime, setting out requirements for accreditation, security, consent, data sharing and ongoing compliance. The proposed regulations also highlight the growing connection between consumer-driven banking and privacy reform, particularly as Canada advances broader data mobility rights. Organizations should assess the potential impact of the framework and consider participating in the current consultation process. 
<div>&nbsp;</div>

Canada Advances Consumer Driven Banking Framework with Proposed Regulations

Canada Advances Consumer-Driven Banking Framework with Proposed Regulations

Ruth E. Promislow

Privacy, Cybersecurity & AI Lawyer

On June 4th, 2026, the federal government released Canada&rsquo;s National Artificial Intelligence Strategy: AI for All (the Strategy). The Strategy aims to ensure that artificial intelligence serves Canadians, strengthens businesses and communities and enhances Canada&rsquo;s control over its technological future through six key pillars.

Canadas AI for All Strategy Building Trust Innovation and Sovereignty in the Era of AI

Canada’s AI for All Strategy: Building Trust, Innovation and Sovereignty in the Era of AI

Robert W. Staley

Securities & Commercial Litigation Lawyer | Shareholder Disputes

Vice Chair and Partner

Doug Fenton

Litigation Lawyer at Bennett Jones Toronto

The Ontario Superior Court of Justice&rsquo;s decision in Nivora Group LLC v. Ping et al. clarifies the strict limits on Norwich orders in the context of crypto asset disputes. The Court dismissed a motion seeking third-party disclosure from cryptocurrency exchanges, reaffirming that Norwich relief is an extraordinary remedy available only where it is truly necessary and cannot be used to replace ordinary discovery. Even in cases involving alleged asset tracing, applicants must demonstrate that the third party is the only practicable source of the information and that the interests of justice favour disclosure.

Court Reaffirms Limits on Norwich Orders in Crypto Asset Disputes

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Bennett Jones Economic Outlook Noted in the Hill Times

From the Same Authors