Economic Change In Saskatchewan Essay

Length: 3 pages Sources: 3 Subject: Economics Type: Essay Paper: #91941098 Related Topics: Economics, Economic Development, Finance Economics, Economics And Finance
Excerpt from Essay :

Economic Growth

Economic Change in Saskatchewan

"If there were a change in Saskatchewan's economic circumstances from one of "boom" to one of "normal" or "bust," which current areas of government activity would you expect to be affected by this change, and, what would you expect the government's policy response to be to adapt to these new economic conditions?"

Currently, Saskatchewan was seen significant and rapid development in economic activity. The province has been able to take advantage of the rich supply of natural resources and exports many commodities to global markets. Much of the growth that the area has experienced can be attributed to the growth of potash and oil. However, these resources may not sustain the levels of economic growth that the region has experienced indefinitely. If Saskatchewan does not work to diversify its economy then the economic boom that it has experienced could slowly dwindle away. Furthermore, if this is the case, the government will have to adapt their policy to a new set of economic conditions. This analysis will provide a brief background of the issue as well as what a policy response from the government might look like under a different set of economic conditions.


Through the first nine months of 2013 the number of people working in Saskatchewan rose by over twenty thousand compared to 2012 and unemployment was estimated at 4.3 per cent, the lowest in Canada for the ninth consecutive month (Government of Saskatchewan, N.d.). This rate of growth has prompted the government to respond to a new set of challenges. The province has invested in infrastructure, education, and increasing trade among others. The province is planning for a significant level of growth well into the future.

About 95% of all goods produced in the province directly depend on its basic resources (grains, livestock, oil and gas, potash, uranium and wood, and their refined products) (Government of Saskatchewan, N.d.). The province has an estimated 75% of the world's potash reserves, large deposits of high grade uranium, and large deposits of oil and natural gas. The extraction of these resources as attracted many workers and has fueled population growth over the last decade. This has led the government to develop a plan to sustain this growth into the future that is referred to as the Vision 2020 and Beyond plan…

Sources Used in Documents:

Works Cited

Craig, M. (2014, April 9). Challenges ahead to sustain Saskatchewan's rate of economic growth. Retrieved from Global News:

Government of Saskatchewan. (N.d.). Economy. Retrieved from Government of Saskatchewan:

Government of Saskatchewan. (N.d.). The Saskatchewan Plan for Growth. Retrieved from Government of Saskatchewan:

The Institute of Certified Management Consultants of Saskatchewan. (N.d.). The Role of Urban Communities in Sustaining. Retrieved from CMC:

Cite this Document:

"Economic Change In Saskatchewan" (2015, January 14) Retrieved January 23, 2022, from

"Economic Change In Saskatchewan" 14 January 2015. Web.23 January. 2022. <>

"Economic Change In Saskatchewan", 14 January 2015, Accessed.23 January. 2022,

Related Documents
Economic Growth in Canada Surged
Words: 5847 Length: 15 Pages Topic: American History Paper #: 81524337

This developed later into selling feeder stock to U.S. where the costs of feed were less. In terms of agriculture, Canada does not have a suitable climate to grow corn, and during the 1890s there was the change in cultivation through the use of a new variety of wheat called 'red fyfe' that has a short growing season. This also provided better prices for the farmers and was suited

Economics When the U.S. Economy
Words: 2364 Length: 7 Pages Topic: Economics Paper #: 40953227

The Canadian government seeks to have a positive balance of payments with the United States. This is, in effect, a wealth transfer. Tracking the balance of payments vs. The exchange rate, we can see the impact of exchange rate shifts on the BOP. The Canadian balance of payments in 2004, when the exchange rate ranged from 1.17 to 1.37, was $29.8 billion. In 2008, when the exchange rate was between

Economics Development to Environment in
Words: 3246 Length: 10 Pages Topic: Transportation - Environmental Issues Paper #: 77492558

(Ward; Mohapatra; Mitchell, 2008) The Great Lakes also contain large amounts of 'polychlorinated dibenzo-furans - PCDFs' and 'polychlorinated dibenzo-dioxins -PCDDs' which are a result of the chlorine bleaching process of paper and pulp mills. In a nation wide study conducted for a period of 4 years on samples of fish and shellfish from various freshwater and marine water bodies in Canada, it was found that the fish from the Great

World War I, Known at
Words: 3255 Length: 10 Pages Topic: Military Paper #: 87605902

Conscription From the beginning of the war, there had been some variation in the Canadian attitude toward the conflict. Canada never questioned the legitimacy of the war and did not question the need for Canadian participation. There were differences of opinion, though, concerning how extensive the Canadian contribution should be. These variations affected the response to calls for enlistment and divided the country as the towns were more willing than the

Great Depression of the Early
Words: 3857 Length: 15 Pages Topic: Economics Paper #: 68560425

In fact, from 1923-1929 corporate profits rose 62% and dividends rose 65%." (McElvaine R.S. p. 39) This is further evidence not only of the inequality of general wealth distribution, but also of the severe imbalance that was to create havoc in the economy. This dilemma was also further exacerbated by the fact that the Federal Government encouraged this situation. For example, President Coolidge signed the Revenue Act of 1926, which

CDN Honey Industry the Canadian Honey Industry
Words: 2859 Length: 10 Pages Topic: Economics Paper #: 23954033

CDN Honey Industry The Canadian honey industry is widely fragmented and largely undifferentiated. There are approximately 7000 beekeepers and 600,000 colonies in Canada, according to the Canadian Honey Council (2010). Canadian honey is widely exported, to over 30 countries. Annual production is around 28,000 tonnes of honey, of which 16,000 is exported, the export value being $37 million. In recent years, honey production has slipped, but the reputation of Canadian honey