Saskatchewan economy below average

Posted on Friday 5 November 2010

Saskatchewan’s economy shrunk 3.9% in 2009 – substantially worse than a 2.5% contraction nationally. Manitoba on the other hand broke even.  In fact, Alberta and Newfoundland were the only 2 provinces to perform worse than Saskatchewan.

Not that bad… but weren’t all the local media types, and politicians, claiming Saskatchewan would continue to “lead” Canada in growth?  Looks like below average 2009, to follow up a worst in west 2007 when it was also predicted to lead Canada in GDP growth, and worst in all of Canada 2006… in fact, the only recent year Saskatchewan’s economy grew and exceeded the national average was 2008 – the one year Saskatchewan actually “led Canada” in economic growth.  Some boom.  Some leading economy.  It lasted one year.  Then back to below average in 2009.  Not to mention Manitoba continues to have the lowest unemployment rate in Canada… Maniboom?

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