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October 2015 Prairie Economic Fundamentals

Discussion in 'News in the Prairies' started by Ally, Oct 9, 2015.

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    News articles for October 2015.
     
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    Saskatchewan welcomes Trans Pacific partnership deal

    Premier Brad Wall is applauding today’s announcement from Atlanta of an agreement, and Canada’s participation in the Trans Pacific Partnership (TPP), one of the most ambitious free trade agreements in history.

    Negotiations involving 12 nations have just concluded on the TPP, which will represent a market of nearly 800 million consumers and a combined GDP of $28.5 trillion. Member countries include Canada, the United States, Mexico, Japan, New Zealand, Australia, Singapore, Vietnam, Malaysia, Chile, Peru and Brunei.

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    Saskatchewan has lowest unemployment rate in Canada for two straight years

    “Last week we had record population numbers, and today’s job numbers show we have had the lowest unemployment rate for two straight years – both positive indicators for our economy,” Immigration, Jobs, Skills and Training Minister Jeremy Harrison said.”

    There were 579,400 people working in the province in September 2015, a record for the month. Employment was up 1,400 over September 2014.

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    Interesting question posed here: Will Alta. NDP restart boom here in #Saskatchewan?

    The reaction to an Alberta NDP government was predictable.

    What’s harder to determine is whether it is realistic.

    No sooner had the jokes died down about refugee camps on the Alberta-Saskatchewan border, then came stories from the oil sector of threats to pull out their business from Alberta and move east.

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    Industrial market report: More vacancy, fewer tenants

    The effects of a slower economy are starting to show in Regina’s industrial real estate market, as leasing activity has slowed and vacancy rates are on the rise, according to Colliers International’s third-quarter industrial market report.

    “Regina is undergoing a transition from the extremely active market of two years ago, where space was in short supply and landlords had more control in the tenancies, to a market where vacancy is rising and tenants are in shorter supply,” the report said.

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