The Honourable John Manley, P.C., O.C., is a distinguished figure in Canadian politics and beyond, known for his significant contributions both in government and the private sector. As the 8th Deputy Prime Minister of Canada, he has held several high-profile positions, including Minister of Finance, Minister of Foreign Affairs, and Minister of Industry. In the wake of the September 11, 2001 terrorist attacks, Hon. Manley was appointed Chair of the Cabinet Committee on Public Security and Anti-terrorism, earning the title of "2001 Newsmaker of the Year" by TIME Canada. His exemplary service has been recognized with his appointment as an Officer of the Order of Canada, and he has received numerous accolades, including honorary doctorates from six Canadian universities.

A respected leader among the Indigenous communities, Hon. Manley is an honorary chief of the Blood Nation of Alberta. After a distinguished parliamentary career representing Ottawa South from 1988 to 2004, he transitioned to the private sector. He currently serves as the Chairman of TELUS and has held influential roles as the former Chairman of CIBC and CAE. As the President and CEO of the Business Council of Canada, he has been a pivotal figure in shaping economic policies.

In the realm of nonprofit work, Hon. Manley has contributed as a director of CARE Canada and the Rideau Hall Foundation. His expertise in public policy has made him a sought-after media commentator, speaker, and advisor to governments of various political persuasions. He is a Fellow of the CD Howe Institute, the Royal Canadian Geographic Society, and the Institute of Corporate Directors. Moreover, as a founding member of the Wilson Center Global Advisory Council, a past member of the Brookings Institution International Advisory Council, and Chair of the Canadian Global Affairs Institute Advisory Council, Hon. Manley has influenced international discourse on key issues.

Hon. Manley's academic background is as impressive as his professional journey. He graduated from Carleton University with degrees in mathematics and political science and earned his law degree from the University of Ottawa, where he was the gold medalist. Furthering his legal acumen, he served as a law clerk to the Chief Justice of Canada, showcasing his deep commitment to the legal field and public service.

GCOCI:

Hon. Manley, given your vast experience in both politics and business, how do you perceive the current economic landscape in Canada?

John Manley:

Canada, like many nations, is navigating the complexities of a rapidly changing global economy. While we face challenges such as international trade tensions anaging population, rapid technological change and climate change we must strengthen our institutions and renew our commitment to innovation.

GCOCI:

As the Past-Chairman of CIBC, how do you view the role of banks in bolstering economic growth and resilience?

John Manley:

Banks play a pivotal role. They not only provide the financial support businesses and individuals need but also act as economic barometers, gauging and responding to market shifts. At CIBC, we were constantly adapting to serve our clients better and contribute to Canada's economic progress. A sound banking system is a necessary ingredient for a country’s economic success.

GCOCI:

You served as the president and CEO of the Business Council of Canada for almost a decade. What were the key economic challenges you focused on during your tenure?

John Manley:

During my time at the Business Council, we prioritized areas like improving Canada's competitiveness, addressing infrastructure needs, and fostering a regulatory environment conducive to business growth. Collaboration between the private sector and government was vital. We also launched the Business-Higher Education Roundtable (BHER) which brought senior business leaders together with heads of Canada’s colleges and universities with the objective of giving students access to work-integrated learning opportunities.

GCOCI:

With the global economic scenario undergoing rapid shifts, what advice would you give to upcoming entrepreneurs and businesses?

John Manley:

Stay informed, be adaptable, and prioritize innovation. It's equally essential to build strong relationships both locally and internationally. The world is interconnected, and those connections can provide stability in uncertain times. Every business leader needs to prepare for the unexpected, you can never be complacent.

GCOCI:

You've witnessed firsthand the intersection of politics and economics. How do you think governments can better support businesses and economic growth?

John Manley:

Governments can provide an environment that encourages investment and innovation. Clear, consistent policies, a fair tax regime, and a commitment to education and infrastructure are key. Collaborative dialogues with the business community can also lead to better outcomes for all. Government needs to see business as a partner in fostering economic growth. Too often, it seems to me, government is indifferent, even hostile to business. A country can only be prosperous when government and business work together to achieve success.

GCOCI:

As a member of the advisory board of the Leaders' Debates Commission, how important do you think open dialogue and debates are in shaping a nation's economic direction?

John Manley:

Open dialogue is paramount. Debates provide a platform for leaders to share their visions and be questioned on them. It offers the public a clearer understanding of economic policies, allowing them to make informed choices, which ultimately shape a nation's direction.

GCOCI:

Hon. Manley, you've been at the helm of both public and private sectors. How do you bridge the often-perceived gap between government regulations and business aspirations?

John Manley:

The key is communication and understanding. It's crucial for governments to understand the on-the-ground challenges businesses face, and conversely, businesses must appreciate the broader goals of public policy. Regular consultations, roundtables, and open forums can create a symbiotic relationship where both sectors can thrive. Regulation is essential of course. But it should be calibrated to achieve the desired outcome without undue complexity and delay.

GCOCI:

Given the increasing emphasis on digital transformation, how do you see traditional banking adapting to these changes, especially at an institution like CIBC?

John Manley:

Digital transformation isn't just a trend; it's the future. CIBC, like many financial institutions, is investing heavily in technology to enhance customer experience, streamline operations, and ensure security. Traditional banking needs to view digital not as a competitor but as an enabler. Today, a bank is more than a financial institution. Every bank is a technology company whose clients expect reliability 24/7/365.

GCOCI:

With Canada being a pivotal player in international trade, how do you view its role in the shifting dynamics, especially with emerging markets?

John Manley:

Canada has always been a trading nation. As dynamics shift, our role is to adapt and seize new opportunities, especially with emerging markets that are becoming economic powerhouses. It's about diversifying our partnerships while reinforcing existing ones, and ensuring our trade policies are flexible and forward-looking. We also need to be pragmatic in dealing with countries that may not share all of our values and attitudes. We cannot hope to remake the world in our image. But we must engage with it - something Canada has been able to do successfully in the past.

GCOCI:

You've had a front-row seat to economic policy-making. How do you believe economic policies should evolve to address growing concerns about climate change and sustainability?

John Manley:

Economic policies must integrate environmental considerations. It's not just about growth but sustainable growth. This means investing in green technologies, incentivising businesses to adopt sustainable practices, and ensuring that our economic aspirations align with our environmental commitments. It's a balance, but one that is crucial for our future.

GCOCI:

In your time with the Business Council of Canada, what initiatives were you most proud of that aimed to foster Canadian competitiveness on the global stage?

John Manley:

One of the initiatives I'm most proud of was our emphasis on talent. I mentioned BHER earlier, but we also advocated for education and skills training, recognising that our human capital is our greatest asset. We also pushed for regulatory reforms and infrastructure investments, ensuring Canada remains an attractive destination for global investors.

GCOCI:

Lastly, with so much global economic uncertainty, from geopolitical tensions to pandemics, how can businesses better prepare themselves for unforeseen challenges?

John Manley:

Resilience is built on adaptability and diversification. Businesses should not over-rely on a single market or supply chain. Investing in technology and innovation, fostering a culture of continuous learning, and having contingency plans in place are all vital. Challenges are inevitable, but with adequate foresight and preparation, they can be navigated effectively.