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Serge Dupont

Senior Advisor at Bennett Jones Ottawa

Senior Advisor

Policy and business leaders in 2026 are confronting disruptive global forces that pose daunting economic and financial risks while also transforming markets and creating avenues for growth over the next years.

Economic Outlook Mid Year 2026

A Changing World: New Risks, New Opportunities

2026 Mid-Year Economic Outlook

<p>The U.S. and global economies proved resilient in 2025. There were reasons, particularly around U.S. President Donald Trump&rsquo;s April 1 &ldquo;Liberation Day,&rdquo; to fear a global trade war or corrections in financial markets that would cause a recession in the United States and a sharp slowing of the global economy. In fact, while growth in the United States and most major economies slowed in 2025, other policy and market factors offset at least in part the early effect of disruptive policies by the U.S. administration. The United States&rsquo;s trading partners chose to avoid an all-out trade war, and most negotiated some form of accommodation with President Trump.</p>

Economic Outlook 2026

Adapting to a New World: From Ambition to Investment

<p style="margin-bottom: 12pt;">In a period of only months, actions by the U.S. administration of President Donald Trump have disrupted U.S. trade, foreign and economic policies, and created exceptional uncertainty for the U.S. and global economies and financial markets. Questions about the strategy and end game of the President for the rules that govern international trade and investment are forcing governments, businesses and investors worldwide to reassess their own strategies and relationships.</p>

Economic Outlook Building Resilience and Capacity in a Disrupted World

Economic Outlook: Building Resilience and Capacity in a Disrupted World

Simon Grant

Financial Services & Regulatory Lawyer

Partner 

Karen J. Dawson

Domestic and International Finance Transaction Lawyer at Bennett Jones Calgary

Partner

Adam W. Taylor

Corporate Commercial Lawyer at Bennett Jones Toronto

LETL Facility Announced.  Canada Development Investment Corp. ("CDEV") has announced the launch of the Large Enterprise Tariff Loan ("LETL") facility, a new government-backed loan facility to support large Canadian enterprises affected by actual and potential new US tariffs and associated Canadian import countermeasures and which face challenges accessing traditional sources of market financing.

Canadian Government Financing for Large Enterprises

Canadian Government Financing for Large Enterprises Impacted by US Tariffs and Canadian Countermeasures

Vasilis F. L. Pappas, FCIArb

International Arbitration Lawyer

Melanie Teetaert

Commercial Litigation Lawyer at Bennett Jones Vancouver

Geoffrey P. Stenger

Energy, Infrastructure & Construction Lawyer | Bennett Jones Calgary

The Province of British Columbia has launched a six-week consultation on the implementation of the new Construction Prompt Payment Act. Industry stakeholders are invited to provide feedback on the Act's scope, potential exemptions and timing of implementation before the consultation closes on July 7, 2026. This update outlines the government's proposed approach and key issues under consideration.

BC Government Announces it is Soliciting Feedback on Prompt Payment Legislation

Andrew N. Disipio

Mining & Corporate Finance Lawyer | M&A, Equity & Debt Deals

Doug Fenton

Litigation Lawyer at Bennett Jones Toronto

The Supreme Court of Canada has granted leave to appeal a significant British Columbia case concerning mineral rights, Indigenous consultation and the application of UNDRIP in Canadian law. The decision will address whether courts can determine if provincial and federal legislation is consistent with UNDRIP and could have far-reaching implications for mineral claim acquisition, title certainty and natural resource project development across Canada. The ruling is expected to provide important guidance for mining companies, resource developers and Indigenous communities.

Supreme Court to Hear Landmark Case Involving Mineral Rights and Licensing Regimes

Kristopher R. Hanc

M&A and Capital Markets Lawyer at Bennett Jones Toronto

Brent W. Kraus

Corporate Governance Lawyer | Securities & Capital Markets

Co-Head of Mergers & Acquisitions Services

Christopher J. Doucet

Corporate & Mining Lawyer | M&A & Corporate Finance

On May 14, 2026, the Canadian Securities Administrators proposed wide-ranging amendments to Canada&rsquo;s issuer bid, take-over bid and early warning reporting regimes aimed at increasing flexibility, improving transparency around derivatives and reducing regulatory burden. Key changes include a potential selective repurchase exemption, enhanced disclosure for equity equivalent derivatives, and updated guidance on early warning reporting triggers and intentions. The proposals also codify certain exemptions and modernize bid mechanics in light of recent market practice and T+1 settlement.

CSA Proposes Amendments to the Issuer Bid Take Over Bid and Early Warning Regimes

CSA Proposes Amendments to the Issuer Bid, Take-Over Bid and Early Warning Regimes

Alison G. FitzGerald

International Arbitration Lawyer at Bennett Jones Ottawa

Nasra Moumin

Commercial Litigation Lawyer at Bennett Jones Toronto

Associate

Global trade policy is rapidly reshaping the regulatory and commercial landscape for life sciences companies. This update explores how evolving US tariff measures, national security reviews, CUSMA renewal uncertainty and expanding export controls are affecting pharmaceutical and medical device manufacturers operating across borders. The authors also examine Canada&rsquo;s response and the growing compliance, supply chain and market access challenges facing the sector in 2026 and beyond.

The Impact of Global Trade on the Life Sciences Sector

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David Dodge and Serge Dupont on Canada's Economic Outlook in Canadian Lawyer

From the Same Authors

2026 Mid-Year Economic Outlook

Economic Outlook 2026

Economic Outlook: Building Resilience and Capacity in a Disrupted World

Latest Insights

BC Government Announces it is Soliciting Feedback on Prompt Payment Legislation

Supreme Court to Hear Landmark Case Involving Mineral Rights and Licensing Regimes

CSA Proposes Amendments to the Issuer Bid, Take-Over Bid and Early Warning Regimes

2026 Mid-Year Economic Outlook

Stay Informed. Stay Ahead.