Last Updated on January 24, 2019
The province of Saskatchewan continues to post impressive economic figures despite the challenges of dealing with a global recession.
Two new reports released this month suggest that the prairie province could soon emerge as Canada’s strongest economic player. Though Alberta still leads the country in most statistical figures, Saskatchewan is among the top in terms of salary and projected growth.
Since August of 2011, Saskatchewan has been above the national average in terms of wages. Last November the province reported the second-highest average, at $904.42 per week.
Furthermore, the latest figures from the Conference Board of Canada show that the city of Regina experienced five percent economic growth in 2011 and is predicted to continue growing into 2012.
“Surging employment is attracting newcomers to the area, fuelling strong population increases. The medium term looks good too, with GDP forecast to rise at least three per cent per year between 2013 and 2015,” said the report.
Officials in Saskatchewan are not surprised at the good news, but admit that the biggest challenge facing the province in the years ahead will be to attract and retain the skilled labour necessary in order to maintain these strong economic performances.
Sources: Regina Leader-Post