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Richard Dion

Economic Analyst and Forecasting Advisor at Bennett Jones Ottawa

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

Michelle F. Yung

Real Estate Lawyer at Bennett Jones Vancouver

Partner

Andrew L. Jeanrie

Real Estate & Municipal Law Lawyer | Development & Approvals

Helen Cassie

Associate at Bennett Jones Vancouver

Associate

This first installment in a three-part series examines the federal government&rsquo;s creation of Build Canada Homes (BCH) and the policy shift toward a more delivery-oriented role in housing development. It situates BCH within current market conditions and outlines how the new Crown corporation is intended to accelerate affordable housing supply through partnerships with the private and non-profit sectors.

A Three Part Series on the New Federal Approach to Housing Build Canada Homes

A Three-Part Series on the New Federal Approach to Housing: Build Canada Homes

Quinn Rozwadowski

Articling Student at Bennett Jones in Toronto

Articling Student

Jane C. Helmstadter

Real Estate Lawyer at Bennett Jones Toronto

Even carefully drafted lease covenants requiring tenants to repair and restore premises may not be enforced literally under Canadian common law. Courts consider reasonableness, commercial context, and ordinary wear and tear when assessing tenant obligations. This blog explores how landlords and tenants can navigate these limits and manage end-of-lease expectations.

Not Quite Absolute Obligations Reasonable Limits on Lease Covenants to Repair Restore

Not-Quite-Absolute Obligations: Reasonable Limits on Lease Covenants to Repair & Restore

Natalia E. Iamundo

Commercial Real Estate Lawyer at Bennett Jones Toronto

Benjamin K. Reingold

Intellectual Property Litigation Lawyer at Bennett Jones Calgary

Ahmed Elmallah

Intellectual Property Lawyer at Bennett Jones Edmonton

Counsel, Patent Agent, Trademark Agent

Proptech is transforming the real estate sector through technologies such as AI, IoT and data-driven platforms. This blog examines recent Canadian patent filing trends, emerging litigation and key IP considerations for companies developing or adopting proptech solutions.

Prop Tech Patents And Patent Litigation

Proptech: Patents and Patent Litigation

Samuel Judson

Craig R. R. Garbe

Commercial Real Estate Lawyer | Funds, REITs & JV Deals

Rights of first refusal (ROFRs) can significantly affect Canadian commercial real estate transactions, particularly when properties are sold as part of a portfolio. This blog reviews limited Canadian case law addressing when ROFRs are triggered in portfolio sales and the challenges they create for vendors and purchasers. It also outlines practical structuring strategies to help navigate these complex transactions.

Rights of First Refusal in Canadian Commercial Real Estate

Rights of First Refusal in Canadian Commercial Real Estate: Navigating Portfolio ROFRs

Simon P. Crawford

Leading Commercial Real Estate Lawyer at Bennett Jones Toronto

Vanessa Kiraly

In Oliva v. Dickson (2025 ONSC 6666), the Ontario Superior Court confirmed that Building Code compliance can be an implied term of an Agreement of Purchase and Sale and a basis for vendor-builder liability in negligence. Even without structural failure or express contractual representations, failing to obtain required permits may breach both contractual and tort duties. The decision is a cautionary reminder that regulatory compliance defines both legal risk and commercial expectations in real estate transactions.

No Permit Big Problems

No Permit, Big Problems: Building Code Compliance,  Implied Terms and Vendor-Builder Liability in Ontario

Exports, Imports, and the Appreciation of the Canadian Dollar

From the Same Authors