News Release - February 22, 2011
REGINA AND SASKATOON POISED FOR ECONOMIC GROWTH
A new report released by the Conference Board of Canada today forecasts some very positive news for Regina and Saskatoon.
The Conference Board predicts that economic growth in Regina will increase by 3.5 per cent in 2011, tied with Oshawa for the third-highest percentage increase among major Canadian cities. Saskatoon is expected to have a GDP increase of 3.4 per cent, and rank fifth in the nation. Only nine of 27 cities included in the report are forecast to have positive economic growth in 2011.
"With a strong resource economy, a growing population and a demand for new housing, Regina and Saskatoon are included in a handful of Canadian cities that will prosper this year," Enterprise Minister Jeremy Harrison said. "We have many economic and social advantages that set us apart from other Canadian cities, and attracting new people and investment to Saskatchewan."
In the next four years, the Conference Board predicts that Saskatoon's economy will pick up by 3.8 per cent and Regina by 3.6 per cent, the second and third-highest increase among the 27 cities included in the report.
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