Paul Martin's Business Update - February 12th

Paul Martin's Business Update - February 12th

The primary driver of Saskatchewan’s economic growth has been investment. Billions in fresh capital – directed towards resource development, new technology, roads and so on – has been flowing into the province. And with it comes jobs that result in new residents moving to Saskatchewan.

For the past couple of years that we have data for, investment has exceeded the $20 billion mark. We won’t get the complete update on the 2013’s level for a couple weeks but one component – the construction segment – has been released. 2013 saw construction spending top the $3 billion mark.

That is up a little over one per cent from 2012 and stands up well against the national figures which actually went down. The big gains were in the industrial sector which rose by nearly 50 per cent.

The residential component still accounts for the lion’s share of the over-all construction total but there were increases across the board including commercial development. When broken down, Saskatoon continues to see the strongest expansion – up about 25 per cent over 2012 – while Regina came in roughly equal to the previous year.

#wetellyourstories #canada #businessnews #paulmartin #construction #growth #immigration www.martincharlton.ca