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Economic Benefits of the St. Lawrence Seaway

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Economic Benefits of the St. Lawrence Seaway

Question

Give three benefits of the St. Lawrence Seaway to the economy of Canada and the USA.

Answer

- Provide cheap means of transport for imports and exports / encourage internal international trade.
- Dams along the seaway attract tourists generating income.
- Source of revenue from tariffs collected from the seaway.
- Has boosted agricultural activities e.g., market gardening and horticulture.
- Promoted industrial development due to accessibility to raw materials and availability of HEP.
- The seaway has created employment opportunities for many people in various sectors like Transport and industrial sector.
- Increased transport activities along the route have led to the development of various lake Ports and towns.