Paul Martin's Business Update - May 22nd, 2014

Paul Martin's Business Update - May 22nd, 2014

The shift of economic influence in this country – from east to west – is one thing that is clearly evident in the latest forecast on the performance of provincial economies issued by BMO Bank of Montreal.

The regular update issued by the bank has Alberta and Saskatchewan in top spots on projected growth numbers for this year. Saskatchewan is expected to see the economy expand by 2.4 per cent this year and a further 2.7 per cent next year, building on growth of nearly 5 per cent last year.

Adding roughly 10 per cent in three years, after an impressive run for six years, underscores how this province has been transformed in the past decade. That change has led to Saskatchewan being ranked in the top two on employment indicators as well. These include job creation and unemployment rates.

According to the bank, Ontario is now beginning to break out of the doldrums with growth expected to hit 2.2 per cent this year. That’s third, tied with Manitoba and BC, after us and Alberta.

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