On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the separatist-occupied territories, and the...more
On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the separatist-occupied territories, and the...more
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...more
Following two weeks of negotiations between delegates from 197 countries, on Friday, November 13, 2021, COP26 concluded in Glasgow, Scotland, culminating in the release of the final COP26 decision, now known as the Glasgow...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
On March 5, 2021, the federal government released draft Greenhouse Gas Offset Credit System Regulations (Draft Regulations), providing some clarity as to how federal offsets will be created, tracked and ultimately used to...more
3/17/2021
/ Air Pollution ,
Canada ,
Carbon Emissions ,
Climate Change ,
Coal Industry ,
Energy Policy ,
Energy Sector ,
Environmental Policies ,
Greenhouse Gas Emissions ,
Health and Safety ,
Renewable Energy
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
New infrastructure projects will be an important part of Canada's recovery from the COVID-19 crisis, and many will be situated on the path of reconciliation with Indigenous peoples. Listen to what the evolving legal, policy...more
Canada must make the energy sector a driving force of our economic recovery from the COVID-19 pandemic. Hear how we can do this while pursuing climate change goals, through transformative innovation and partnership between...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
Overall federal government strategy -
Individuals: Wage replacement for those laid off, wage supplement for those working in health care and other essential service workers, individual loans, tax deferral, work-sharing...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
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
Balanced Messaging with the Introduction of New Legislation -
With the recent tabling of proposed legislation to reform the environmental and regulatory system for major projects, the federal government stated the...more