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Canada’s hottest economy isn’t what you think it is

In today’s Big Story podcast, over the past few years, and particularly since this February, global events have made some industries more precarious and certain commodities much harder to come by. For most people on Earth, this is bad news, but for one Canadian province that is too often overlooked, the upheaval has led to a huge windfall. Things are booming, in Saskatchewan.

Jason Childs is a professor of economics at the University of Regina, he joined us on the show to detail the factors behind the recent reversal in Saskatchewan’s economic fortunes.

“Oil and gas, wheat and potash, they all play a big role here, and they do it in Russia and Belarus,” he said, “so those places being cut off from the international market really increase the demand for what’s happening in Saskatchewan. ”

So how dramatically has growth in Saskatchewan been since last year’s harvest was ravaged by drought? How should the government use the new revenue to protect the province in the event of a future downturn? And has this year just passed, or is it a harbinger of things to come?

You can subscribe to The Big Story podcast on Apple Podcasts, Google, and Spotify.

You can also find it at thebigstorypodcast.ca.

Source : vancouver.citynews.ca

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