John Manley appeared on BNN Bloomberg to talk about the tough choices Canada's federal government faces as it crafts a 2023 budget in a high-interest rate, high-inflation environment.
He says the finance minister has "some tough decisions to make" in a budget that makes good on spending commitments and applies fiscal restraint needed to bring down high inflation.
The spending needed to keep up with the United States in the transition to a carbon-neutral economy is a big concern, as the Bank of Canada continues its fight to bring inflation down to its target two percent.
John says, “There are some big spending requirements, all in the context of … the Bank of Canada trying to put a foot on the brakes, while the fiscal positioning is kind of like putting the foot on the gas pedal."
In The News
John Manley on Tough Choices in Canada's 2023 Budget
March 9, 2023
Republication Requests
To obtain permission to republish this publication or any other publication, contact Erica Wirthlin at wirthline@bennettjones.com.
For Informational Purposes Only
This publication provides an overview of trends and legal updates for informational purposes only. For personalized legal advice, please contact the authors.
From the Same Authors
See AllUpdate
Bennett Jones Spring 2022 Economic Outlook: Planning in an Uncertain, Supply-Constrained World
June 16, 2022Serge Dupont, Richard Dion & Hon. John P. Manley P.C., O.C.
Latest Insights
See All Insights See AllBlog
First Global Regulatory Framework For Autonomous Vehicles: Key Takeaways For Canada And The Auto Industry
August 7, 2026Akhila Sandhu, Morgan Sutherland & Michael C. Smith
Blog
The Supreme Court of Canada Affirms Mandatory Adverse Inference for Spoliation
August 5, 2026Ethan Z. Schiff
Blog
Ontario Court Reinforces Finality of Class Proceedings in Rejecting Late Opt-Out Request
July 17, 2026Ethan Z. Schiff & Evana Yukanna


















