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Archive for the 'Economy' Category

Saskatchewan Lay Offs Mounting

( Economy andnews )

Mosaic announced that it is laying off 1,000 Saskatchewan workers. The lay offs are “indefinite” and affect workers at both Colonsay (by Saskatoon) and Esterhazy (middle of no where). Big deal, as these are some very high income earners – jobs we can’t duplicate by filling vacancies in the service industry. Time to circle the […]

Saskatoon job losses mounting

( Economy )

Another 89 layoffs, this time from Shore Gold, due to slowing economy. Another resource stock battered by commodity bust. http://www.thestarphoenix.com/Business/Shore+Gold+scales+back+budget+lays+employees/1153618/story.html

Renewable Energy Replacing Oil and Gas

( Economy andnews )

OPEC’s future blowin’ in the wind “At 2.1 per cent per year, the increase in renewable usage will far outstrip the 1.2 per cent annual growth in energy liquids — essentially crude oil and natural gas — as a source of the world’s power.” http://www.cbc.ca/money/story/2008/12/31/f-opec-future.html

Star Phoenix Admits Saskatoon House Prices ‘Tumble’

( Economy andhousing andnews )

The January 6th Star Phoenix title on the cover states “house prices tumble” and the story touches on the December average price down $44,000 from June high. A refreshing change from other media outlets, CTV, which are stil pointing out “year over year” price gains, completely ignoring that the peak was half a year ago, […]

Hyundai USA “Lose Job, Return your Car’

( Economy )

http://blogs.carpoint.ca/2009/01/hyundai-assuran.html

Alberta’s growth = Saskatchewan total population

( Economy andhousing )

So, all this hype about Saska”boom”, with the most recent booster news releases pointing out that at 1,020,000 Saskatchewan has equalled its 1989 population!  Not sure how a net gain of Zero necessitates house prices doubling in 2 years in Saskatoon, or how construction can’t keep up – with the population staying the same.  Or […]

The Bench Scoupes Leader Post, Again

( Economy andhousing andnews )

So it seems the Leader Post is spinning consistent Stats Can data similar to that from last month. “Wages and job numbers in Saskatchewan continue to climb” Dec 22, 2008 based on the same Statistics Canada data The Bench (http://www.thebench.ca/?p=237) covered all the way back on Dec 1, 2008  http://www.leaderpost.com/business/Wages+numbers+Saskatchewan+continue+climb/1105902/story.html which itself was based on a […]

Massive Potash Corp Layoffs

( Economy andnews )

So, Potash Corp of Saskatoon has just announced 940 layoffs for its 3 largest mines to decrease supply in light of increasing inventory and decreasing demand. Seems like a loss of a lot of high paying Saskatchewan jobs. http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=f606673f-bf3b-49bd-b772-b1a7ad71afd6

News Talk Radio Censors Cautious Advice

( Economy andhousing andnews )

News Talk Radio has recently become a glorified ad agency for Remax and Saskatoon housing, giving big press to Remax’s “Housing Outlook” for 2009, a document far more optimistic than any objective forecast. News Talk coverage plays like a virtual commercial.  One sided view points to the point of potentially misleading the public.  News Talk […]

Saskatchewan Provincial Deficit Possibility

( Economy andhousing )

A story on the CBC states that a 2009 provincial deficit is a real possibility with falling resource prices, lead by a plummetting oil price.  Maybe Saskatchewan isn’t so set to weather the economic down turn in Canada…  Makes it pretty tough to justify Saskatoon’s sky high housing prices. http://www.cbc.ca/canada/saskatchewan/story/2008/12/05/deficit.html