Research & White Papers
Great Lakes Region: North America's Economic Engine
PUBLISHED: June 5, 2013
The Great Lakes region is a vital driver of North American economic output, employment and trade, accounting for nearly a third of combined Canadian and U.S. output, jobs and exports. While the region was hit hard during the Great Recession, economic activity has since turned around and is now shifting into a higher gear. Still, some very longer-term issues remain for the region’s economy. In this BMO special report BMO Senior Economist Robert Kavcic discusses how labor costs are in focus as the factory sector seeks to remain competitive on the global stage and how policymakers are encouragingly working to facilitate cross-border trade flows in this all-important region.