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Economic Environment
Canada
- Canada is the second largest country in land mass after Russia. Land area: 9,984,670 square miles.
- Population: 33.5 million; Capital: Ottawa, Ontario.
- Generally conservative business and lending practices resulting in less volatile economic climate especially notable in this current period of extreme turbulence.
- Stable banking system (only G7 Country without a bailout).
- Limited exposure to sub-prime lending.
- No extensive real estate bubble.
- The diverse nature of the country’s geography is rich in mineral deposits as well as sedimentary resources such as potash, coal, and oil & gas.
Saskatchewan
- Located in the central prairie region of Canada, bordering on Alberta’s east side.
- Population: 1 million; Capital: Regina, Saskatchewan.
- Oil & gas potential in the Southern half of the Province is virtually endless spanning from the Alberta border (West) to the Bakken oil formation in South Eastern Saskatchewan.
- #1 in mineral production in Canada (21.5% of national total or $9.7 billion) comprised predominantly of potash and uranium.
- Provincial balanced budget and exhibits continued GDP growth, highest in Canada and all G7 countries.
- Lowest unemployment rate in North America and most other industrialized regions.
- Conference Board of Canada predicts economic and employment growth to continue.
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