Discussions with investors in Asia, Europe and the United States provide valuable insight into the state of Canada’s economy. Views reflect reality and perception. Both matter. Investors universally envy our potential, our...more
Renowned U.S. economist Larry Summers said last October that “we’ve got the most complex, disparate, and cross-cutting set of challenges that I think I can remember in the 40 years I’ve been following this stuff.” This...more
12/15/2022
/ Canada ,
Economic Development ,
Economic Downturn ,
Economic Growth ,
Global Economy ,
Global Marketplace ,
Global Workforce ,
Inflation Adjustments ,
Trade Policy ,
Trade Relations ,
United States
Key Takeaways from a Second Virtual Workshop with Canadian and International Experts on the Digitalization of Money -
On April 26, 2022, the Centre for International Governance Innovation and Bennett Jones hosted a virtual...more
Key Takeaways from a Virtual Workshop of International and Canadian Experts -
Canada and the Digitalization of Money is a report of a virtual conference of international and Canadian experts, organized by Bennett Jones and...more
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....more
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...more
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
6/9/2020
/ Canada ,
Capital Investments ,
Coronavirus/COVID-19 ,
Economic Development ,
Federal Budget ,
GDP ,
Global Economy ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
WTO
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
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...more
11/15/2019
/ Canada ,
Capital Investments ,
Economic Development ,
Federal Budget ,
GDP ,
Global Economy ,
Trade Policy ,
Trade Relations ,
Trans-Pacific Partnership ,
US Trade Policies ,
WTO
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...more
6/6/2019
/ Canada ,
Capital Investments ,
China ,
E-Commerce ,
Economic Development ,
Federal Budget ,
GDP ,
Global Economy ,
Popular ,
Trade Policy ,
Trade Relations ,
Trans-Pacific Partnership ,
Trump Administration ,
UK Brexit ,
US Trade Policies ,
WTO
Governments are currently busy, or will be soon, preparing annual budgets that will be tabled in the months to come. The fiscal health and prospects of the provinces and federal government vary significantly. Whatever...more
Section I: Global Growth to 2021 -
Recent Developments -
The world economy has expanded at a solid rate in the first three quarters of 2018, although growth has been somewhat slower and less synchronized than during...more
11/28/2018
/ Canada ,
China ,
Commodities ,
CPTPP ,
Economic Development ,
EU ,
Global Economy ,
International Trade ,
Mexico ,
OECD ,
Oil Prices ,
Price Inflation ,
Risk Assessment ,
Tariffs ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
WTO
Section I: Global Growth to 2020 -
The outlook for global growth in 2018 and 2019 is now considerably stronger than forecasters anticipated it would be a year ago. Advanced economies are now expected to grow at rates well...more
6/6/2018
/ Canada ,
China ,
Commodities ,
Economic Development ,
EU ,
GDP ,
Global Economy ,
Interest Rates ,
NAFTA ,
Oil Prices ,
OPEC ,
Tax Cuts and Jobs Act ,
Trade Policy ,
Trans-Pacific Partnership ,
Trump Administration ,
US Trade Policies ,
WTO
After a marked slowdown in 2016, the global economy is experiencing robust, synchronized growth in 2017, which exceeds earlier expectations and should continue in the short term. Notwithstanding this improved outlook,...more
11/23/2017
/ Canada ,
China ,
Contract Negotiations ,
Free Trade Agreements ,
GDP ,
Global Economy ,
Mexico ,
NAFTA ,
Trade Policy ,
Trade Relations ,
US Trade Policies
In our Fall 2016 Economic Outlook, we set out at some length our analysis of the main factors which have contributed to the low “new normal” growth rates the world has experienced since 2011. We argued that trend annual...more
6/2/2017
/ Border Adjustment Taxes ,
Canada ,
Capital Markets ,
Economic Development ,
Federal Budget ,
GDP ,
Global Economy ,
International Monetary Fund ,
Mexico ,
NAFTA ,
Oil & Gas ,
One Belt One Road (OBOR) ,
Trade Policy ,
Trans-Pacific Partnership ,
Trump Administration
In his fall economic statement on November 1, Mr. Morneau, the federal Minister of Finance, committed the federal government to deliver an additional $81 billion between 2017 and 2027 to fund public infrastructure with an...more
This Spring Outlook has three sections. The first section sets out our view of the economic outlook commencing with a very short summary of recent world economy dynamics, followed by a review of the outlook for global growth...more
6/8/2016
/ Canada ,
China ,
Economic Development ,
EU ,
Exchange Rates ,
Global Market ,
Japan ,
NAFTA ,
Oil Prices ,
Presidential Elections ,
Trade Policy ,
Trans-Pacific Partnership ,
US Trade Policies
This fall Outlook has three sections. The first section sets out our view of the economic outlook commencing with a very short summary of recent world economy dynamics, followed by a review of the outlook for global growth...more
Canadians have just entered a decade during which their real disposable income will tend to grow at a much slower pace than in the past. Since 2007, Canadian households have pretty well maintained the same average pace of...more
This spring Outlook is structured in three sections. The first section sets out our view of the economic outlook commencing with a very short summary of recent world economy dynamics, followed by a review of the outlook for...more
6/4/2015
/ Canada ,
Dairy Farmers ,
Economic Development ,
Emerging Markets ,
Energy Sector ,
Farms ,
GDP ,
Global Economy ,
Oil & Gas ,
Trade Policy ,
Trans-Pacific Partnership
Oil prices have fallen sharply since the release of our Fall 2014 Economic Outlook. While this shock should have relatively little effect on our outlook for global growth, in part because of other offsetting developments in...more
We expect a modest strengthening of global growth over the next two years relative to 2013 and 2014, largely originating from the advanced economies, and the U.S. in particular. Growth in the emerging economies as a whole...more
11/28/2014
/ Brazil ,
Canada ,
China ,
Commodities ,
Economic Development ,
EU ,
France ,
Germany ,
Global Economy ,
India ,
Interest Rates ,
Italy ,
Japan ,
Latin America ,
Middle East ,
Oil & Gas ,
Russia ,
UK ,
Ukraine
In this issue:
- Executive Summary
- Introduction
- Saving for our Collective Old Age
- Macroeconomics of Savings and Investments
- Individual Households’ Incentives to Save
- Overall...more
This Economic Outlook has three sections. The first covers recent dynamics and short-term outlook for the world economy. The second presents a discussion of the context and conduct of US monetary policy in recent years and in...more
This Economic Outlook has a somewhat different structure from previous issues. The first section covers recent dynamics and short-term outlook for the world economy; the second section reviews recent international trade...more