• Bennett Jones Fall 2021 Economic Outlook
    December 08, 2021
    The Canadian economy is entering 2022 with solid progress in recovering from the pandemic. In September, employment returned to its pre-COVID level. GDP should recover its losses before the end of 2021. In the Bennett Jones Fall 2021 Economic Outlook, we look at how growing our economy sustainably over the long term will require exceptional collaboration between the public and private sectors, within the frame of a growth strategy. Growth will also require an accelerated response to the structural challenges of population ageing, the digitalization of the economy and climate change.
  • Bennett Jones Fall 2021 Economic Outlook: Closing the Investment Gap
    December 08, 2021
    Economic activity and employment in Canada and in advanced economies continue to show a rapid, vigorous recovery. In a normal business cycle, businesses would now be stepping up plans to hire, to invest and to take advantage of the rebound of demand globally and domestically. To some extent, this is happening. In fact, employment in Canada has already regained its-pre-pandemic level. However, there are near-term uncertainties and pressures. The greatest uncertainty is the future evolution of the pandemic and its potential impact on the economy. There is public fatigue in continually adapting public health measures, the activity of daily life and the workplace to counter COVID and its variants. Yet, businesses have no choice but to be prepared for different scenarios in conducting and planning their activities.
  • The Labour Market: Recovery, Gaps and Strategies
    December 08, 2021
    This companion paper to the Fall 2021 Economic Outlook focuses on the Canadian labour market. Specifically, the key attributes of the current labour market; the main gaps in the labour market and their root causes; and strategies that could be adopted by both business and governments to address these gaps. There is an opportunity for Canada, after a strong recovery, to redress longstanding labour market fault lines and to take steps toward delivering good jobs, good wages and economic prosperity.
  • Climate and Energy: Accelerating a Necessary Transformation
    December 08, 2021
    This companion paper to the Fall 2021 Economic Outlook focuses on Canadian and global climate targets and policies, commitments to emissions reduction and ambitions to transform energy systems. 
  • The Trade Environment: Evolving Context and Canadian Priorities
    December 08, 2021
    This companion paper to the Fall 2021 Economic Outlook focuses on major trade challenges that Canada faces. Many of these challenges pose specific threats or opportunities that could seriously impact Canadian trade and prosperity. These challenges are important enough that in our view, the Government should immediately engage in senior-level dialogue with public and private sector partners to assess the situation and determine how to proceed.
  • Bennett Jones Spring 2021 Economic Outlook: Beyond COVID
    June 22, 2021
    While economic recovery from the pandemic to date, internationally and in Canada, has been uneven and bumpy, a large share of output and jobs have been regained, and the prospects for advanced economies are strong. If immediate attention must still be focused on overcoming the pandemic durably, the time is right for Canada to look beyond COVID, and to articulate and execute a strategy for investment and long-term improvement in our competitiveness, productivity, and standard of living.
  • Supplement to the Spring 2021 Economic Outlook: Beyond COVID
    June 10, 2021
    The planned levels of deficits and debt in the latest budgets of the federal and four provincial governments are reasonable projections for the years to FY 2023-24, if governments actually adhere to the spending and revenue plans laid out in those budgets.
  • Crisis and Risk Management Survey 2020
    April 29, 2021
    To learn more about the current state of crisis and risk management, Bennett Jones commissioned an independent survey by Environics to understand what corporate concerns are most pressing for Canadian general counsel and senior executives at a wide range of organizations. Ironically, the survey was interrupted by the biggest crisis of our lifetime―COVID-19. 
  • Defining and Driving ESG Within Your Organization
    March 17, 2021
    In January and February 2021, Bennett Jones hosted a three-part webinar series focusing on why ESG matters and how business leaders can drive ESG within their organization. This paper takes those conversations one-step further by providing a practical and high-level overview of the legal, operational and reputational tenants of an effective ESG strategy.
  • Looking Forward: Class Actions in 2021
    January 25, 2021
    The Class Action Practice Group at Bennett Jones continued its tradition of involvement in the year's most significant cases, focusing on practical solutions where they are possible and seeking clarity from the courts where it is needed. In the latest edition of our Looking Forward report, we review some notable recent developments and comment on some critical areas of importance we expect to see evolve in the year ahead. 
  • Updates to Canada’s Top 10 Sources of Emergency Capital for Businesses
    January 13, 2021
    The Canadian government continues to launch new measures to provide access to capital to businesses and industry sectors during the COVID-19 pandemic. Members of Bennett Jones Public Policy group provide an update on the programs and their details, as well as strategic considerations to keep in mind when accessing emergency funding.
  • Bennett Jones Fall 2020 Economic Outlook
    December 08, 2020
    Nine months into the pandemic, the short-term economic outlook for Canada entering 2021 is strikingly different than one year ago. Yet structural trends—such as the digital transformation of the economy—remain and in some cases have been accelerated. Canada, its governments and its businesses, have to address the impacts of the COVID-19 crisis while developing strategies and building momentum for longer-term prosperity, all against the backdrop of a challenging global geo-political environment. The Outlook sets a context for businesses to plan by reviewing economic scenarios for the next two years and analyzing global and domestic policy factors that could shape the business environment in the years ahead.
  • Alberta Introduces APIP in a Bid to Become a World-Class Leader on Petrochemical Facility Development
    November 04, 2020
    On October 30, 2020, the Alberta government unveiled the Alberta Petrochemicals Incentive Program (APIP), an initiative intended to attract $30 billion in new investments by 2030 in Alberta's natural gas-based petrochemical sector.
  • B.C. Introduces Land Owner Transparency Registry to Record Indirect Ownership of Land
    November 03, 2020
    On November 30, 2020, Bill 23 (2019), the Land Owner Transparency Act (LOTA) will come into force together with the Land Owner Transparency Regulation (LOTR) to create the Land Owner Transparency Registry, a first-of-its-kind registry in Canada intended to record the indirect ownership of land by certain individuals.
  • Bennett Jones Spring 2020 Economic Outlook
    June 08, 2020
    The COVID-19 pandemic has triggered the most severe economic shock since the Great Depression. Despite massive intervention by central banks and governments, real output in the advanced economies likely fell in mere weeks by more than 10% from its level at the end of 2019. A number of factors complicate a recovery from this unprecedented crisis: unknowns about the evolution of the pandemic; lack of global policy coordination; the uncertain behaviour of consumers as lockdowns are eased; the high debt levels of households, businesses and governments going into the crisis; the risk of permanent loss of capacity as the crisis endures; and the impact on investor confidence of uncertainty about the post-COVID-19 world.
  • Bennett Jones Fall 2019 Economic Outlook
    November 12, 2019
    This is a special edition of the twice-yearly Bennett Jones Economic Outlook. In it, as always, we review the global economic and trade context and the short-term outlook for global and Canadian growth. In addition, we examine five key policy challenges that the Government of Canada and the minister of finance will confront and deal with in a new mandate.
  • Update - New Register Requirements of "Individuals with Significant Control"
    June 05, 2019
    Effective June 13, 2019, each private corporation incorporated under the Canada Business Corporations Act (CBCA) will be required to prepare a register of "individuals with significant control" (ISC) over such corporation.
  • Bennett Jones Spring 2019 Economic Outlook
    June 04, 2019
    After a strong performance in 2017 and the first half of 2018, the global economy slowed markedly and is projected to grow at a more moderate but also more sustainable annual rate of 3.3% from 2019 to 2021. In Section I, we discuss our projections and the risks that need to be considered. We turn to a discussion of international trade developments and prospects in Section II, including the issues facing the World Trade Organization (WTO) and Canada. Building on the global economic and trade outlook, we set out the outlook for Canada over the next three years in Section III. In Section IV, we return to the analysis of the fiscal position of Canada and the four largest provinces, taking into account the evolving economic outlook and policies announced in 2019 budgets. As usual, we conclude with a summary of planning parameters for Canadian business over the 2019 to 2021 horizon.
  • CSA Proposes a Modernized National Filing System for Reporting Issuers
    May 24, 2019
    On May 2, 2019, the Canadian Securities Administrators (CSA) announced that it is seeking comments in respect of a proposed streamlined and integrated national information and filing system for capital market participants (the "Renewed System") along with the adoption of a simplified fee system.
  • Canada Digital Charter Announced
    May 23, 2019
    The federal government has launched Canada’s new Digital Charter that comprises 10 broad principles to govern the use of data in the digital world. The stated purpose of the Digital Charter is to guide dialogue around changes in the laws governing Canadians' internet and digital use, and rebuild Canadians’ trust that their privacy is being protected.
  • A New Government in Alberta: What it means for businesses and investors
    May 06, 2019
    A new provincial government was elected in Alberta on April 16, 2019. The United Conservative Party (UCP) won a strong majority led by Jason Kenney, Alberta’s new Premier. The UCP has declared Alberta as open for business. Members of Bennett Jones Energy and Finance industry practice groups have prepared the following summary of what this new government’s most important policy initiatives mean for your business or investments in Canada.
  • Canada Ends Surtax on Certain Steel Imports but Launches Consultations on Other Protection
    April 29, 2019
    Effective Monday, April 29, 2019, the Government of Canada discontinued its 25% provisional safeguard surtax imposed since October 25, 2018, on imports of concrete reinforcing bar, energy tubular products, hot-rolled sheet, pre-painted steel and wire. The Government also confirmed in a news release on April 26, 2019, that it will implement definitive safeguard measures on imports of heavy plate and stainless steel wire that the Canadian International Trade Tribunal found on April 3, 2019, to have caused or threaten injury to domestic steel producers.
  • Court of Appeal Decision Welcome News for Victims of Fraud
    April 10, 2019
    The Ontario Court of Appeal’s decision in Wescom Solutions Inc v Minet, 2019 ONCA 251 released on April 1, 2019, provides helpful guidance for victims of fraud seeking to pursue civil recovery against third parties.
  • New Ratifications of the OECD's Multilateral Instrument Put Canadian Resource Holding Structures at Risk
    April 03, 2019
    Tax-efficient holding structures commonly used by multinational enterprises and private equity firms investing in the Canadian resource sector could soon become subject to anti-treaty shopping measures contained in the "Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting".
  • Business Measures in 2019 Federal Budget
    March 22, 2019
    The 2019 Canadian federal budget was released on March 19, 2019 (Budget Day). As many of the proposals are aimed at investing in Canada’s middle class, the Budget was relatively light on proposals affecting businesses. Nevertheless, there are a number of measures of relevance to the business community...

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