Business leaders know that economic conditions are changing. They’ve read about it, but more importantly, they may already be starting to see it in their own operations. The key questions to ask right now are:

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  What is the macroeconomic forecast for 2023 and beyond?

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  What are the key drivers to look for that will affect any economic shifts?

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  How can I grow my business despite these shifts, or even capitalize on changes in the economy to make my business even stronger?

Businesses on both sides of the U.S.-Canada border face a trifecta of interlinked macroeconomic events: high inflation, rising interest rates and a pending economic slowdown. In addition, talent and supply chain woes are still impacting many businesses.Read our economists’ analysis on how they think these factors will impact the economy in 2023.

While 2022 has been “a year we’d like to forget,” 2023 will be the start of the multiyear trend toward normalization. In his 2023 market outlook, BMO Capital Markets’ Chief Investment Strategist Brian Belski outlines why he expects positive equity market returns next year.Watch the video to see why, despite this year’s performance, Brian still believes we’re in a 20- to 25-year secular bull market.

Acquiring and retaining talent continues to be a challenge for many business owners. Even as the unemployment rate increases and access to talent improves, it will be as important as ever for businesses to find the right talent for the road ahead. So what’s the best way to capitalize on the opportunities that are unique to a challenging economic environment?Read what our experts suggest could be an unexpected approach to hiring at this point in the economic cycle.