Released on May 5, 2011
The Conference Board of Canada released a report today that indicates Saskatoon and Regina will have the first and third highest economic growth rates in the country in 2011.
Saskatoon is forecast to have a 4.1 per cent increase in economic growth, the highest among major Canadian cities. Regina is expected to have a 3.1 per cent growth rate, ranking third in the study.
"Increased economic activity in mining and energy will benefit the Saskatoon and Regina economies," Enterprise Minister Jeremy Harrison said. "Saskatchewan has the edge over other regions of Canada, and our resources are creating not only advantages for business, but making us an attractive place for investors."
According to the report, Saskatoon, Edmonton and Regina are predicted to average the highest economic growth rates from 2012 to 2015.
"With potash sales rising and a strong oil and gas industry, Saskatoon and Regina are major service locations that supply goods and expertise," Harrison said. "We are encouraged that this positive trend will continue over the next three years, creating jobs, increasing investment and providing opportunities for local businesses."
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: (306) 798-0503
Email: Deb.Young@enterprisesask.ca