A recent news release from the Saskatchewan Government makes mention of 3 recently released reports that reflect favourably on our great province. They show, once again, that Saskatchewan is weathering the current economic storm better than other provinces.
The Canadian Conference Board's metropolitan outlook report indicated that Saskatoon led the nation in GDP growth among Canadian cities with a 5.4% increase. GDP growth is defined as the increase from one year to another in the inflation-adjusted value of the goods and services produced by an economy.
The second report on international export sales shows Saskatchewan exports were up 63.8% in November 2008 over last year (seasonally unadjusted). The percentage increase was by far the highest in Canada, well above the national average of 3.3%.
Thirdly, Stats Canada released a report on manufacturing shipments for November 2008, again, seasonally unadjusted, showing an 8.6% increase over last November. This was the second highest percentage in Canada. Only Newfoundland was higher with a jump of 30.6% over the same period. Nationally, manufacturing shipments dropped by 7.7%!!!!
It's a great time to be living in Saskatchewan. Come on down!!