- Joined
- Sep 25, 2007
- Messages
- 201
Hi all,
An article from the Economist. Excerpts:
THINK of Saskatchewan, and if you can place the western Canadian province on a map you might conjure up a vision of an endless prairie of wheat, so flat that the locals joke that "you can watch your dog running away from you for hours". Now think again: Saskatchewan boasts the fastest economic growth rate of any Canadian province not just because of wheat but a rich mix of other farm crops as well as potash, uranium, oil and natural gas, all of which are enjoying record prices. PotashCorp, a fertiliser company based in Saskatoon, has become one of the biggest companies on the Toronto Stock Exchange by market capitalisation.
More recently, Saskatchewan has been overshadowed by neighbouring Alberta, where oil and gas have created Canada`s richest province. Now, thanks to its export boom, Saskatchewan too has become a "have" province, which in Canadian parlance means that it no longer qualifies for federal handouts for certain social services.
Prosperity is not without its problems. The price of an average two-storey house in Saskatoon jumped 57% last year, while wage demands are astronomical too.
http://www.economist.com/displayStory.cfm?story_id=11497012http://http://www.economist.com/displayStory.cfm?story_id=11497012
Keith
An article from the Economist. Excerpts:
THINK of Saskatchewan, and if you can place the western Canadian province on a map you might conjure up a vision of an endless prairie of wheat, so flat that the locals joke that "you can watch your dog running away from you for hours". Now think again: Saskatchewan boasts the fastest economic growth rate of any Canadian province not just because of wheat but a rich mix of other farm crops as well as potash, uranium, oil and natural gas, all of which are enjoying record prices. PotashCorp, a fertiliser company based in Saskatoon, has become one of the biggest companies on the Toronto Stock Exchange by market capitalisation.
More recently, Saskatchewan has been overshadowed by neighbouring Alberta, where oil and gas have created Canada`s richest province. Now, thanks to its export boom, Saskatchewan too has become a "have" province, which in Canadian parlance means that it no longer qualifies for federal handouts for certain social services.
Prosperity is not without its problems. The price of an average two-storey house in Saskatoon jumped 57% last year, while wage demands are astronomical too.
http://www.economist.com/displayStory.cfm?story_id=11497012http://http://www.economist.com/displayStory.cfm?story_id=11497012
Keith