Regina/Saskatoon Economic Growth Leaders
Recently released, the Spring 2011 edition of The Conference Board of Canada's Metropolitan Outlook states that four cities in Saskatchewan and Alberta will occupy the top four spots in the economic growth leaderboard. The report states that due to the resources and energy sectors, the economies of Saskatoon, Calgary, Regina and Edmonton will show noticeably stronger growth than the other cities covered in the report.
Saskatoon and Regina are benefiting from strong resource development in the province, while healthy population growth is strengthening the housing markets in both cities. The medium term outlook is also bright, with both economies expected to grow at an even faster pace. Saskatoon's economy will expand by 4.1 per cent this year, and is expected to remain among the CMA growth leaders through 2013. Regina's real gross domestic product (GDP) is slated to rise by 3.1 per cent this year.
Posted by Dwain Anderson
on May 12, 2011