The BMO Blue Book, published by BMO Economics and BMO Business Banking, combines the expertise of BMO's economists with information on current national and provincial business conditions provided to BMO's business bankers by local businesspeople. This edition also features an outlook for five key sectors of the Canadian economy: technology, agriculture, energy, manufacturing, and construction.
"The most critical element of the outlook for manufacturing is simply how the global economy recovers from the deep virus-driven recession in the year ahead," said
The report notes that potential positives in the post-pandemic era include shortened supply chains, and keeping production closer to the end user (i.e. reshoring). "As well, the freshly signed USMCA deal contains North American production requirements which are expected to slightly benefit
"For smaller operators in the manufacturing space, we are starting to see some positive momentum," said
The BMO Blue Book can be downloaded at: https://bmoficc.bluematrix.com/sellside/EmailDocViewer?encrypt=97c0d8cd-f2d4-430e-82d2-b73dce5354f9&mime=pdf.
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Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $987 billion as of April 30, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking,
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