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December 16, 2013

Economy to cool down

A report from the Conference Board of Canada suggests Saskatchewan will face some headwinds in 2014 because the potash and mining industries will slow down.

The board says the province saw strong real GDP growth of four per cent year this year, but that’s expected to moderate to 2.3 per cent next year. The report also says that the Saskatchewan economy in general remains robust. It says labour markets are essentially at full employment, and the government and businesses are looking at ways to attract more skilled workers.

Premier Brad Wall said the province has had steady growth for the last several years and that’s more sustainable than growth in the four or five per cent range. He said challenges such as housing, infrastructure and education can be more difficult when growth is too high.

News from © Canadian Press Enterprises Inc., 2013

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