The Canadian economy grew at an annual rate of 3.3 per cent in the second quarter, with growth largely driven by increased business investment in inventories and household spending. Statistics Canada released its latest reports on monthly and quarterly real gross domestic product on Wednesday morning, which showed the economy grew for a fourth consecutive […]
The Conference Board of Canada says the Prairie provinces will likely be the top economic performers this year, even as the Bank of Canada’s inflation-fighting measures quell the country’s overall economic output. In a new report looking at factors that will drive Canada’s provincial economies between 2022 and 2024, the not-for-profit think tank says Saskatchewan will lead […]
Canada’s year-over-year inflation rate slowed to 7.6 per cent in July, with the deceleration largely driven by a decline in gas prices. The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but economists were widely expecting inflation to have since slowed. In its latest consumer price index report, Statistics Canada said […]
With the price of gas being one of the major influences on inflation, this may be hard for you to swallow. Oil Companies have been announcing their second quarter earnings, and most are reporting record profit. In the U-S, Exxon Mobil earned a record 17.85-billion-dollars profit in just three months. In case you are wondering, […]
Saskatchewan’s AA1 credit rating has been affirmed by Moody’s Investors. Saskatchewan finance minister Donna Harpauer said in a media release that the province’s financial outlook has improved. significantly, as was highlighted in their year-end financials for the 2021-22 year. The province has the second highest credit rating among Canadian provinces when all three major ratings […]
The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. The central bank’s decision signals a more aggressive approach to bringing skyrocketing inflation back down to its target of two per cent. Inflation reached a 39-year-high of 7.7 per cent […]
Rising gas prices and inflation are forming a tag team that is beating up on Saskatchewan residents’ wallets. The average gas price in Regina is $1.73, with inflation hitting over five per cent in January. Dr. Jason Childs, an associate professor with the Department of Economics at the University of Regina, said that it’s important […]
The Saskatchewan government says the provincial economic recovery continues with strong growth in the manufacturing sector over the past year. Manufacturing sales increased 53 percent between October 2020 and October 2021, the highest among all the provinces. Trade minister Jeremy Harrison says the province continues to be a leader in key sectors including energy, mining, […]
A letter addressed to Health Minister Paul Merriman has been sent by 21 medical health officers across the province. The letter, sent to Merriman last week, asks for the government to adopt stricter measures to control the fourth wave of COVID-19 that has hit the province hard. Recommendations in the letter include expanding the amount […]
Premier Scott Moe told those at his State of the Province Address that we’re currently living through history with the COVID-19 pandemic. Moe touched on how his government is opposed to implementing further public health measure. Moe says since the majority of the provincial population is vaccinated, he doesn’t want to see their freedoms taken […]
