The BMO Business Outlook provides insights on U.S. business and economic performance in the year ahead from our experts across BMO Commercial Bank and BMO Economics.

The latest report finds that U.S. businesses are approaching 2026 with a laser focus on fundamentals. Geopolitical and global trade tensions have ramped up, and while policy uncertainty remains, many companies are prioritizing productivity, capital efficiency, and disciplined growth. U.S. growth is expected to remain solid, supported by stimulative fiscal and monetary policies, strong wealth effects, and the Artificial Intelligence investment boom. In a complex environment, there will be plenty of opportunities for businesses committed to thoughtful investment and selective execution.

Download the report for the full national outlook as well as detailed analyses of business and economic activity in our state, regional, and metro areas of coverage.