Released on November 25, 2011
The Conference Board of Canada released its Autumn 2011 Provincial Outlook Executive Summary today and is forecasting Saskatchewan will have the best GDP growth in Canada this year with real GDP expected to rise by 5.1 per cent.
"Saskatchewan is experiencing its strongest growth, both economically and population-wise, in history," Enterprise Minister Jeremy Harrison said. "Much of the growth is due to our resource sector, which is investing in Saskatchewan for the long-term."
The report cites strength in oil and potash prices and excellent summer weather for agriculture as key factors in setting the forecast. It also predicts growth will be impressive between 2011 and 2013 due to wholesale and retail trade, transportation and increased investment from the private sector.
"Saskatchewan is building a brand that is being recognized across the globe," Harrison said. "Our government will continue to work to ensure that our province is the best place in the world to live, work and do business."
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-798-0503
Email: deb.young@enterprisesask.ca