economy

Sask Municipal Awards announced for this past year

Mar 16, 2023 | 10:24am

The 15th annual Municipal Awards have been announced to highlight the transformation in Municipalities in Saskatchewan. First place goes to the village of Riverhurst, for restoring a local wetland to provide environmental and economic benefits to the community. Second Place goes to the town of Churchbridge for developing a community campground. Another second place award […]

Bank of Canada Holds Interest Rates

Mar 8, 2023 | 10:31am

The Bank of Canada is holding interest rates steady for the first time in a year. The central bank says based on the assessment of recent economic data, the key rate will remain at 4.5 per cent. However, it is keeping the door open to further rate hikes if the economy or inflation run hotter than expected. Recent data shows inflation slowed […]

City Votes For Tax Exemption for Regina International Airport

Feb 23, 2023 | 10:06am

Its been a tough few years for the Regina Airport. The pandemic brought air travel to a crawl, and Regina has lost some direct access routes to the United States as well as other Canadian destinations. City Council has decided to help, by approving a five year tax exemption for the airport.  It works out […]

Canada’s annual inflation rate slowed in January but grocery prices remain high

Feb 21, 2023 | 8:42am

Canada’s annual inflation rate slowed to 5.9 per cent in January, despite grocery prices rising at an even faster pace last month. In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 per cent in December reflects a base-year effect. A base-year effect refers to the impact of price movements from […]

Brandt Buys Dealerships in New Zealand

Jan 30, 2023 | 8:20am

The Brandt Group of Companies is growing. The Regina based tractor and heavy equipment company is buying New Zealand’s AGROW Quip. “Going forward, our customers can look forward to service enhancements via investment in a best-in-class field service truck fleet and upgrades to existing facilities,” says Brandt CEO, Shaun Semple. “Brandt is fully committed to building a comprehensive […]

Bank of Canada hikes key interest rate by quarter point, says it plans to hold

Jan 25, 2023 | 9:18am

The Bank of Canada is raising its key interest rate by a quarter of a percentage point and says it expects this to be the last rate hike of the cycle. Today’s interest rate increase marks the eighth consecutive rate hike since March as the central bank fights off decades-high inflation. Its key interest rate […]

Canada’s annual inflation rate slowed in December but grocery prices stayed high

Jan 17, 2023 | 8:35am

Canada’s annual inflation rate slowed to 6.3 per cent in December as the cost of groceries remained high and gas prices cooled. In its latest consumer price index released Tuesday, Statistics Canada said Canadians continued to see prices soar at grocery stores last month compared with a year ago. Grocery prices were up 11 per cent on […]

U.S. President Joe Biden to visit Canada in March, White House says

Jan 10, 2023 | 12:29pm

U.S. President Joe Biden will make his first official visit to Canada in March, the White House has confirmed. The announcement comes after Biden and Prime Minister Justin Trudeau sat down this morning for a bilateral meeting on the sidelines of the “Three Amigos” summit in Mexico City. Canada is normally one of the first […]

As ‘Three Amigos’ meet in Mexico, experts call on leaders for North American vision

Jan 9, 2023 | 8:56am

From the frosty throes of a Canadian winter, the land of conquistadors and Frida Kahlo can seem a million miles away. But that’s not the way North American diplomats, trade experts and business leaders see it — and they hope the continent’s leaders have a similar vision as the so-called “Three Amigos” gather this week […]

Canadian economy added 104,000 jobs in December: Statistics Canada

Jan 6, 2023 | 8:50am

The Canadian economy added 104,000 jobs in December as the unemployment rate fell slightly to 5.0 per cent, Statistics Canada said Friday. This marks the third decline in the unemployment rate in fourth months, edging it closer to the record-low of 4.9 per cent reached in June and July. In its latest labour force survey, the federal agency said […]

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