The shared resources of the Great Lakes-St Lawrence region are set to boost the economies of Canada and the US even more than they currently do, according to a new study by BMO Capital Markets.
The shared resources of the Great Lakes-St Lawrence region are set to boost the economies of Canada and the US even more than they currently do, according to a new study by BMO Capital Markets. Senior economist Robert Kavcic wrote: “The region’s expansion is expected to accelerate in 2015 as manufacturing and exports in Ontario and Quebec get a boost from a weaker currency and firm U.S. demand, while U.S. states in the region see an ongoing housing recovery offset somewhat by the strong U.S. dollar.” The figures show that the region is now exceeding 2007 levels having been hit hard by the recession. If the region was a separate country it would be the fourth largest economy in the world.
