Government of Saskatchewan ministries, Crown corporations and organizations are working to minimize the impacts of the postal service disruption.
Les ministères, les sociétés d’État et les organismes du gouvernement de la Saskatchewan travaillent à réduire au minimum les répercussions de l’interruption des services postaux.
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Released on March 3, 2009
According to a new report from the Conference Board of Canada, Saskatchewan will continue to lead the nation in economic growth in 2009, thanks in part to tax reductions and infrastructure investment by the provincial government.
In its Winter 2009 Outlook, the Conference Board estimates the Saskatchewan economy will grow by 1.6 per cent in 2009, the highest percentage growth rate among the provinces and well ahead of the 0.5 per cent decrease in GDP estimated for Canada.
"This report confirms our decision to invest in the Saskatchewan economy through our personal income tax cuts, and the booster shot for infrastructure projects was the right one," Enterprise and Innovation Minister Lyle Stewart said.
In the report, the Conference Board said, "massive income tax cuts, combined with a swift increase in infrastructure spending, will boost Saskatchewan's economy by 1.6 per cent in 2009." It goes on to say that "the province will benefit from an enhanced infrastructure investment program" and that "incomes will get a further boost from the province's $300 million personal income tax cut, which will keep retail sales growing at a healthy pace."
Saskatchewan's expanding labour market and wage growth will also exceed national averages according to the report today. In 2009, employment is forecast to grow by 8,000 (1.6 per cent) - the largest increase in the country. Every other province except Manitoba is forecast to lose jobs in 2009.
"The strong economic outlook will continue to attract national and international migration, further stimulating the domestic economy," according to the Conference Board forecast.
Today's forecast reports real GDP growth in 2008 was 5.4 per cent (the highest in the nation), up from 5.2 per cent forecast in the Fall 2008 Outlook.
"Although we tend to focus on many of the challenges facing the global markets, we really have to remember the Saskatchewan economy is an anomaly," Stewart said. "We need to maintain a positive attitude and recognize there is a great deal of optimism that will provide opportunities, jobs and investment for Saskatchewan businesses and families."
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-798-0503
Email: Deb.Young@gov.sk.ca
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