preview

The Economic Failure Of Regina's Economic Boom In Canada

Satisfactory Essays

Regina’s economic boom. Even though the American economy declined in 2008, the Saskatchewan fortunes rose significantly. The high demand for natural resources such as potash and natural gas fueled the economic boom. In 2011, Saskatchewan bragged about having the lowest unemployment rate in Canada at 4.5 per cent. Regina tied with Guelph, Ontario with a 4.7 per cent in Canada and Saskatoon, SK came in fourth place with a 5.1 per cent. The Saskatchewan Government reported in the fall of 2011 that there were “more people working full time than ever before in the province’s history” (Woodwark & Wong, 2013, p. 191). Saskatchewan was leading all provinces in economic indicators such as housing starts, value of building permits, retail and wholesale

Get Access