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Economic News Economic News -- February 8, 2008Estevan RegionCarnduff Carlyle Estevan Plans are for a campground expansion for Woodlawn Park. The popular campground currently has 150 sites. (The Estevan Mercury, February 6, 2008) Radville Redvers Weyburn Sunrise Community Futures has hired Michelle Howse to the corporate team. She had taken on Sunrise's business analyst position at their head office in Weyburn and she will also provide services to Estevan. (The Weyburn Review, January 30, 2008) Moose Jaw RegionMoose Jaw North Battleford RegionBattleford Lloydminster Maidstone Meadow Lake North Battleford City council approved a letter of understanding with Winport Acquisition Corp. who is planning to construct a 4-story hotel complex on 1.9 acres on Territorial Drive opposite the Wal-Mart. The facility will be an "extended-stay" facility according to Dennis LaVertu, Director of Economic Development with the city. Winport is planning to build 25 hotels across Canada in strategic locations and sees North Battleford as one of those. (Powerflyers Daily News Online, January 30, 2008) City of North Battleford will undertake a $3.8 million two-year project to replace a main trunk storm sewer line affecting drainage issues in the Kinsmen Park area. The project should start this year and be completed by 2009. (News Optimist, January 30, 2008) Great Wall Express, North Battlefords newest Chinese restaurant, celebrates its grand opening on February 2nd. (News Optimist, January 30, 2008) The Battlefords has received in excess of $1.2 million in funding for projects under the Municipal Rural Infrastructure Fund (MRIF). Some of the funding will be used toward a Biodiesel Production Plant in the area; and in Battleford money is designated toward phase 1 restoration of the Opera House. (Powerflyers Daily News, February 4, 2008) St. Walburg Unity Wilkie Prince Albert RegionBirch Hills Carrot River Fort a la Corne Melfort The City of Melfort granted nearly four times as many new residential building permits in 2007 compared to 2006. In total, including commercial permits, there were 83 building permits representing $5,448.889 in value in 2007 compared to 81 permits representing $2,082,502 in value in 2006. (The Melfort Journal, February 5, 2008) The City of Melfort received a Saskatchewan Trails Association (STA) grant to enhance or expand their walking trail. The STA Trail Building Grant Program provides up to 60%, to a maximum of $6,500, of total costs to either build new or enhance exiting trails in Saskatchewan. (The Melfort Journal, January 15, 2008) Nipawin The Nipawin Biomass Ethanol New Generation Co-operative (NBEC) held an informational meeting on January 16th and also signed a memorandum of understanding (MOU) with the Saskatchewan Forest Centre. The MOU will see them collaborate in specific areas where joint benefits can be derived. The MOU will focus on establishing a wood fibre biomass supply that enhances production of energy for the future plant in Nipawin. (The Nipawin Journal, January 23, 2008) Prince Albert Robert Cotterill will be the City of Prince Albert's new city manager. He starts this position February 22nd. The city manager position was vacated in December 2007 when manager, Roman Martiuk, moved to Hamilton, Ontario to act as city manager. (Prince Albert Daily Herald, January 16, 2008) Prince Albert city council approved a group home at 947-949 Seventh St. E. The properties are to be converted from a 10 bed-residence for adults with intellectual disabilities into a four to six-bed dwelling, short term care facility for boys (ages 12 - 15) who have been removed from their homes for their own protection. (Prince Albert Daily Herald, January 17, 2008) Montreal Lake Cree Nation paid $1.4 million for two-thirds majority share in Prince Albert Northern Bus Lines Ltd. Harvey Clark, current manager of the P.A. Northern Bus Lines, and Stacey Peterman, long time employees of the bus line bought the other third of the company. P.A. Northern is one of the largest bus companies in Saskatchewan, specializing in charter services throughout Saskatchewan. Steve Ruznisky, the former owner of the bus line, celebrated his 90th birthday and put the business up for sale. Ruznisky started the business in 1953. (Prince Albert Daily Herald, January 17, 2008 and Saskatoon Star Phoenix, January 17, 2008) Dolly's Fun House, owned and operated by Rod and Debbie Dallman, opened for business January 28th. The family fun centre features a restaurant, laser-tag arena, and a multi-level indoor playground. They also bought out the Prince Albert Ruckers and moved many of the arcade games to the new business location at 300 Marquis Road in Prince Albert. Aside from walk-in traffic, their plan is to cater to birthday parties, sports windups, and youth groups. (The Prince Albert Daily Herald, January 28, 2008) Prince Albert will soon be home to a school for diamond handling, cutting, and polishing. Embee Diamond Technologies and the Muskoday First Nation have worked together to establish the Canadian Diamond Academy in Prince Albert. Mike Botha of Embee Diamond Technologies will provide instruction. Botha brings nearly 40 years of diamond cutting valuation, polishing, and training experience to the school. The courses are slated to begin this spring. (Prince Albert Daily Herald, January 30, 2008) Bikini Boot Camp a women's only fitness company, has started business in Prince Albert. The founder of the company is Dr. Lindsay Nealson and the instructor in Prince Albert is Melanie Shatula. All the fitness training is done outdoors, in various parks around the city, for example, they may use picnic tables for stretching, or monkey bars for chin-ups. (Prince Albert Daily Herald, February 4, 2008) Tisdale Regina RegionArlington Beach Foam Lake Regina Ozonator Industries Ltd. has just announced the shipping of their first OZONATOR NG-1000 unit. The unit has been shipped to Union Hospital in Terre Haute, Indiana, in the United States for immediate installation. Ozonator Industries Ltd. is a privately held Canadian company that manufactures a revolutionary new technology for the sterilization of bio-hazardous waste. Their patent-pending technology provides sterilization of bio-hazardous waste with no emissions and up to a 90% reduction in volume. (Ozonator Industries News Release, January 30, 2008) Business leaders in the Ross Industrial Park area are looking at ways to increase profits while saving the environment at the same time. Four proposals were considered at a meeting organized by the Regina Eco-Industrial Network Association (REINA) in conjunction with a focus group from the Ross Industrial Park area. The proposed Ross Eco-Industrial Park project would encompass about 425 businesses in the area now known as Ross Industrial Park. The goal is to improve both the economic and environmental efficiency. (Regina Leader-Post, February 1, 2008) Saskatchewan Waste Electronic Equipment Program (SWEEP) is celebrating their one year anniversary. Since February 2007, the program has collected 32,500 computers, 22,500 printers, 46,500 keyboards and mice, 1,000 laptops, 40,000 monitors and 15,500 televisions. The next stage of the program includes expanding the product list to include items such as DVD players, VCRs, stereos, speakers, phones, cell phones, large fax machines, and photocopiers. (Regina Leader-Post, February 2, 2008) Regina housing sales had a record start in January by toppling previous monthly highs in most key categories, according to the Association of Regina Realtors. More than $49 million worth of homes were sold in January, which broke the previous record of $20 million set in 2007. There were a record 250 residential properties sold, more than the previous record of 202 sold in 2002. The average price of residential homes was another record - more than $198,000 - considerably more than the $117,000 in 2006. (Regina Leader-Post, February 5, 2008) Building permits took a sharp drop in January, with only $7.6 million worth of permits issued last month, compared with $25.8 million in January 2007, mainly due to the absence of any large or commercial building projects over $1 million. (Regina Leader-Post, February 6, 2008) The University of Regina student employment services hosted two career fairs on February 6th, one for the faculty of Kinesiology and Heath Studies and the other for any students looking for summer work. More than 60 exhibitors were in attendance such as Crown corporations, police services, care and rehabilitation homes, and construction and painting companies. (Regina Leader-Post, February 7, 2008) The new $1.05 million Simulation Learning Centre which allows nursing, paramedic and continuing care students to practice health-care and critical thinking skills in a risk free, near to real environment was recently opened at SIAST'S Wascana Campus. (Last Mountain Times, February 5, 2008) Speers Funeral Chapel is celebrating their 100th year in business. (Regina Chamber of Commerce ChamberLink Magazine, February 2008) Campion College at the University of Regina is celebrating their 90th anniversary. (Regina Chamber of Commerce ChamberLink Magazine, February 2008) Bazaar & Novelty is celebrating their 30th anniversary. (Regina Chamber of Commerce ChamberLink Magazine, February 2008) Strasbourg Wadena Watrous Saskatoon RegionCraik Grasswood Humboldt The Humboldt and District Chamber of Commerce hosted a luncheon to discuss the future Athabasca Potash Inc. mine near Burr. Once the geological exploration is complete, company officials believe that construction of the mine will take approximately three and a half to four years. The mine will likely employ approximately 300 workers. (Humboldt Journal, February 6, 2008) Outlook Saskatoon One Saskatoon school and one city business will receive a portion of $157 million in contracts handed out in western Canada by The Boeing Co. Communications company, SED Systems received a contract from the aerospace company for feeder link Earth stations and telemetry as well as tracking and control systems, according to a Boeing news release. The Saskatchewan Indian Institute of Technology (SIIT) received a company investment for the establishment of an aircraft maintenance engineer (AME) program. (Saskatoon Star Phoenix, January 26, 2008) Proposed changes to rules for residential acreage developments around Saskatoon won't open the floodgate to high-density housing, said the RM of Corman Park's head of planning, Glen Grismer. At present, any multi-parcel residential development must be built at least 1.6 kilometres from other such developments. The RM council is considering doing away with the 1.6 kilometre buffer and allowing acreages as small as one acre, as long as the average size within the development is 2.47 acres. (Saskatoon Star Phoenix, January 28, 2008) Truffles Bistro, a high-end bistro serving classic French food, has relocated to the Birks Building on 21st Street. (Saskatoon Star Phoenix, February 2, 2008) Saskatoon-based Cameco Corporation reported $61 million in net revenue in the fourth quarter, a figure 52% higher than the same period of 2006. The increase is mainly due to higher earnings in uranium and Cameco's gold business. (Saskatoon Star Phoenix, February 7, 2008) Plans for at least one, and possibly two, new office buildings downtown should be announced by the end of 2008, a commercial real estate expert forecast. If the forecast is accurate, it would take between two and four years to build each tower after plans are announced. Tenants for the buildings are yet to be confirmed. Lake Placid Development's project at River Landing was announced in September. Possible sites for an office building could include the lot beside the Galaxy Theatre. (Saskatoon Star Phoenix, February 8, 2008) A landmark year for industrial property is predicted with the city releasing 140 acres on the northern outskirts of Saskatoon. The first release of about 40 acres will happen in late February or early March. A further 300 acres of serviced industrial lots are for sale in the new, privately owned BizHub Development in the RM of Corman Park, beside Highway 16 just north of Saskatoon's airport. (Saskatoon Star Phoenix, February 8, 2008) New Businesses: Dinner Rush, Owners: Kathryn Sadler and Krista Koller-Klimosko; Color Bar, Owners: Jill Cook, Debbie Cook, and Cara Fitzsimmons; Personal Hearing Services, New Owners: Doug Graham and Ryan Douglas. (Saskatoon Star Phoenix, January 26, 2008) Wakaw Warman Swift Current RegionEston Gull Lake Kindersley From the Town of Kindersley for January 2008:
Maple Creek Rosetown Shaunavon Great Western Railway is on track for some big changes in 2008. Not the least of which is the addition of two new engines for the local company, joining a fleet that already includes another three units. The expanded fleet is needed to keep up with Great Western Railway's increasing workload, which has seen traffic along the line jump significantly in recent years. (The Shaunavon Standard, January 29, 2008) A conference looking at the issues at the forefront of agriculture today will be held February 13th at Shaunavon Catholic Hall. The full-day event aims to educate and assist producers as they continue to grow and improve their agricultural business. The initiative is a partnership between Cypress Hills REDA, Southwest REDA, Wheatland Conservation Area Inc., the Saskatchewan Ministry of Agriculture and the Federal Department of Agriculture. It's the fifth year the conference has been held, and Keleah Herron of Southwest REDA says that each year, the conference has had a different target focus group. (Prairie Post, February 8, 2008) Southwest Swift Current The South West Centre for Entrepreneurial Development will host a Customs Information Seminar for those whose businesses either now or in the future, will require them to import/export commercial goods. As well as providing general customs information, the seminar providers will be available to answer business-specific questions as to how the procedures relate to individual business. The seminar will be held February 27th at the Entrepreneurial Center. (Prairie Post, February 8, 2008) The sixth annual Rural Women's Day Conference, to be held February 14th at the Swift Current Art Gallery, aims to celebrate rural women with support, resources, and friendships. "Some of the women that have attended in the past are looking for ways they can get involved in their community development, and some are just looking for new ideas to help them continue that development," says Keleah Herron of Southwest REDA, "The speakers we have chosen for this year's conference are success stories from both a business and community development perspective, that can act as prime examples." (Prairie Post, February 8, 2008) Duane Smith of Jay Dee Equipment Ltd. has been elected President of the Canada West Equipment Dealers Association. Smith was elected to the one-year position at the Association's annual meeting in Edmonton on January 25th. (The Southwest Booster, February 7, 2008) The Swift Current Comprehensive High School (SCCHS) and a number of interested stakeholders have embarked on an ambitious course of action that they hope will result in a new sporting venue for Swift Current and the Southwest athletic community. "We would like to get an all-weather track, and we would like to get a facility where we could host school sponsored activities such as soccer and football," explained Bryan Braun Principal of SCCHS. "So we are looking at a soccer/football field either combined or if we have enough space, some models have the soccer pits inside the track and then a separate football field." Braun also believes that such a facility would reflect well upon Swift Current. (The Southwest Booster, February 7, 2008) With several southwest companies hiring out of the country to address the labour shortage, Cypress Hills College is aiming to make these newcomers feel welcome in Canada. Anika Henderson is the Immigrant Settlement Coordinator for Cypress Hills College, and says the newly-initiated host program will be used to primarily help newcomers adjust to living in a community such as Swift Current, through the help of volunteers. (http://www.swiftcurrentonline.com/, February 7, 2008) A new president will take the Swift Current Chamber of Commerce into their Centennial year. Shauna Fjaagesund was appointed as the new President at the Annual General Meeting on February 5th. (http://www.swiftcurrentonline.com/, February 6, 2008) Golden West Radio has been honoured with a prestigious award from Canadian Women in Communications (CWC). Lisa Vanderlip, CWC Communications Manager, says the Employer of the Year award recognizes businesses who promote the advancement of women in management positions. Vanderlip adds that Golden West is a great role model for the rest of the industry in promoting and advancing women in management roles. (http://www.swiftcurrentonline.com/, February 1, 2008) The City has approved the sub-division of a lot on McIntosh Street East for the development of 36 new condominium sites. The Calgary company that will be developing the condominiums is expected to work on the units for the entire year. (http://www.swiftcurrentonline.com/, January 31, 2008) From the City of Swift Current for January 2008:
Wiseton Yorkton RegionCanora A government subsidized licensed daycare facility is expected to be in operation within the next two months. Canora Child Care Centre was approved for 25 spots for children ranging in age from one year to public school age. (The Canora Courier, February 6, 2008) Grenfell Langenburg Wapella Whitewood Windthorst Yorkton SaskatchewanSaskatchewan saw its 12-month inflation rate decline to 3.7% in December from 4% in November the second largest decline next to Alberta-according to Statistics Canada. (Saskatoon Star Phoenix, January 26, 2008) According to a Statistics Canada report, Saskatchewan enjoyed more income growth than any other province during the 12 month period from November 2006 to November 2007. The report shows a 6.9% income hike during the period which easily outpaces the second and third place finishers, Manitoba and Alberta, which saw their incomes climb by 5.8 and 5.6%. (Regina Leader-Post and Saskatoon Star Phoenix, January 29, 2008) According to Canada Mortgage and Housing Corporation, Saskatchewan housing price increases are the highest in Canada and will continue to lead the nation in 2008. The cost of buying a resale home in Saskatchewan is projected to increase 26% and a further 8% in 2009. In 2007, Saskatchewan's average resale price jumped 32 per cent. (Regina Leader-Post, February 5, 2008) The Saskatchewan Trade and Export Partnership delivered a message to help induce international trade for Saskatchewan business at a recent workshop. Graham Rush, consul and senior trade commissioner for the Consulate General of Canada, outlined some of the steps needed for a successful exporting business and tips were provided to help Canadian Businesses in the process of getting started. (Regina Leader-Post, February 6, 2008) Saskatchewan led all provinces in residential and overall construction growth in 2007. Overall construction growth rose 42% to $1.6 billion last year. Residential construction growth was up 74% to $859.5 million, while non-residential construction increased approximately 18% to $760.6 million last year. (Regina Leader-Post and Saskatoon Star Phoenix, February 7, 2008) Several revised economic forecasts are projecting Saskatchewan will lead the nation in economic and job growth in 2008, while tying Alberta for the lowest unemployment rate. RBC Financial Group recently updated its economic forecast for the provinces in light of lower growth forecasts for the Canadian and U.S. economies in 2008. (Saskatoon Star Phoenix, February 8, 2008) |
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