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Federal Government Is Underestimating Risks Of Recession And Higher Interest Rates – Government Contracts, Procurement & PPP

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David Dodge speaks with the Globe and Mail about how
the federal government is underestimating the risks of a possible
2023 recession and prolonged high interest rates. David warns the
government may have a hard time delivering on all their recent
political commitments.

The new Bennett Jones-Business Council of Canada paper, Assessing the Potential Risks to the
Sustainability of the Government of Canada’s Current Fiscal
Plan
, says the government’s most recent fiscal
forecast now appears to be based on a “plausible but
optimistic” set of assumptions about the economy and future
interest rates.

“You’ve got to align what you’re promising with
what you’re actually putting real resources behind,” David
says.

David and Richard Dion collaborated on the paper with Robert
Asselin, senior vice president, policy, of the Business Council of
Canada.

Globe and Mail subscribers can read the full article here.

The content of this article is intended to provide a general
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about your specific circumstances.

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