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October 2013 Prairie Economic Fundamentals

Ally

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News articles for October 2013.
 

Ally

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Winnipeg: Bring it on




With Winnipeg having already secured the return of the National Hockey Leaque and the arrival of Ikea, what does the city have in store for an encore?




Plenty, it appears.




There are more than $2 billion worth of infrastructure projects currently on the go in the Manitoba capital, according to the latest building-permit figures.





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Regina's 5% GDP growth second-highest in Canada




REGINA ` Regina`s economy will grow by five per cent this year and 3.9 per cent in 2014, according to the Conference Board of Canada.That`s good for second place among major Canadian cities in 2013, after placing second overall last year with GDP growth of 4.7 per cent, the Conference Board`s metropolitan outlook report said Friday. Only Saskatoon at 5.2 per cent will post higher GDP growth in 2013.




But Larry Hiles, president and CEO of the Regina Regional Opportunities Commission (RROC), noted that no major metropolitan area in the country has shown more consistently strong economic growth over the last four years than Regina.





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Ally

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Immigration numbers continue to rise in Saskatchewan




They've chosen to come here and start a new life. Immigration numbers have been on the rise in our province over the last few years.




Federal allocations have Saskatchewan accepting up to 4,450 new applications each year.




Legislative Secretary for Immigration, Paul Merriman says there's no indication of a slow down either. Merriman went on to add that people are seeing Saskatchewan as a land of opportunity. People want to see what Saskatchewan has to offer.





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Population boom misses rural Saskatchewan





For all the good news about Saskatchewan`s population booming past 1.1 million people, let us hope Premier Brad Wall isn`t forgetting about places like Davin.







Or at the very least, let us hope his Saskatchewan Party government`s growth plan can somehow be extended beyond the city limits of Regina and Saskatoon and into those smaller rural Saskatchewan communities that remain the backbone of the province.





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Manitoba unemployment up, bucking national trend





Manitoba's unemployment rate crept higher last month, just as the nation's dipped.




It's a trend critics call economic proof that a tax hike is no good for the province.




Provincial unemployment rose to 5.5% in September, up from 5.2% the previous month. Meanwhile, the national unemployment rate dipped 0.2% to 6.9% over the same period, a nearly five-year low.





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Regina mayor's housing task force begins





Flanked by Social Services Minister June Draude and members of his new housing task force, Mayor Michael Fougere kicked off the city's housing commission Thursday with a plan to attract more apartments downtown.




For the first time in at least 15 years, a provincial politician sat at the table of a Regina City Council committee meeting - which suggests that easing Regina's housing crunch has both municipal and provincial implications (another official is to represent the province at future meetings).





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Rising resource prices could benefit Manitoba




Global economic growth will lift the Canadian economy in 2014.




That was one of the messages from Avery Shenfeld, chief economist at CIBC at an economic forum in Winnipeg this morning.





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Winnipeg commercial real estate market 'solid': Re/max





Despite a dip in sales, the demand for commercial real estate in Winnipeg remains solid, according to a new report.




Re/Max`s latest commercial investor report suggests the city`s tight market conditions have hampered momentum, with a shortage of selection in all price sectors. As a result, only 117 sales were recorded in the first six months of the year, down from 137 from the same period last year.





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Regina's industrial market strongest in Canada




REGINA ` Regina`s `red-hot` economy is heating up demand for industrial property in the city, causing industrial land to virtually double in price between 2008 and 2013 ` the biggest increase in Canada ` says the Re/Max Commercial Investor report released Tuesday.




Scott Predenchuk, a commercial real estate broker with Re/Max in Regina, said the City of Regina has been developing three new phases of Ross Industrial Park during the last five years and prices are skyrocketing.





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