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SREDA

Need to Know: Prompt Payment Legislation

Published August 9, 2017

Saskatchewan’s construction industry is currently advocating for the development of prompt payment legislation to remedy increasingly long wait times for payment on completed projects. Currently, payment terms can extend beyond 90 days, which places significant pressure on small and medium sized firms that are cash flow sensitive.

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Need to Know: NAFTA Renegotiations

Published May 30, 2017

On May 18th, Donald Trump notified Congress of his intent to renegotiate the North America Free Trade Agreement, triggering a 90 day consultation period before official renegotiation can begin. The agreement between Canada, Mexico, and the United States created the world’s largest free trade area when it was implemented on January 1st of 1994. Changes to NAFTA could have significant impacts on many companies engaged in cross-border business within North America.

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Need to Know: Latest Saskatoon GDP and Employment Figures Forecast Modest Growth

Published May 26, 2017

Like We’ve Been Saying; Saskatoon Economy Continues to Show Signs of Growth – Latest GDP and Employment Figures Forecast Modest Growth.

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Need to Know: Innovation Supercluster Funding

Published May 25, 2017

Latest GDP and Employment Figures_May26Beginning this year, the Federal Government will contribute to establishing superclusters by providing up to $250 million in funding to individual supercluster applications with the greatest potential to accelerate Canada’s economic growth. The funding program is focused on innovative industries, including agri-food, advanced manufacturing, clean technology, digital technology, health and bio-sciences, clean resources, infrastructure, and transportation. With infrastructure in place and a variety of highly innovative organizations already established, a supercluster funding grant would help to continue strengthening our existing world-class cluster.

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Need to Know: Federal Carbon Pricing

Published May 23, 2017

The Federal Government has announced that, beginning in 2018, there will be a minimum price for carbon emissions in Canada of $10/tonne. The price will rise by $10/year to $50/tonne by 2022. Provinces have the option of implementing and administering the program themselves. If provinces do not develop their own program, the Federal Government will administer one on their behalf. Last week, the Ministry of Environment released details on what exactly this federally-imposed plan will look like.

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Need to Know: Canadian Infrastructure Bank

Published February 21, 2017

The Question: What is the Canadian Infrastructure Bank and why is it important to the economy?

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Saskatoon Region Economy Survey

Published February 7, 2017

SREDA surveyed the Saskatoon Region business community to gauge their level of confidence in the regional economy. The survey was sent to over 4,000 local business community members using SREDA’s daily Economic Newsflash. The response rate was 1.9%.

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Sitting Idle: An Estimate of the Lost Labour Productivity Costs to Businesses in the Saskatoon Region Due to Train Traffic Delays

Published November 17, 2016

This report provides an estimate of lost labour productivity to businesses within the Saskatoon Region as a result of traffi c delays at nine rail crossings within the city of Saskatoon. Results of the data analyzed estimates businesses in the Saskatoon Region lose 209 hours of production per working day, or 52,668 hours per year. This translates into a production loss of $10,068 per working day or $2.5 million lost in GDP to the Saskatoon Region economy per year.

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City of Bridges: First Nations and Métis Economic Development in the Saskatoon Region

Published June 20, 2016

This report examines the economic impact of the education gap as well as the economic nature, impact and potential of First Nations and Métis economic development. A particular focus was put on urban reserves and Aboriginal-owned economic development corporations in the Saskatoon Region.

The report was commissioned by the Saskatoon Aboriginal Employment Partnership (SAEP), a committee comprising of numerous stakeholders including Aboriginal training and education institutes, industry, the City of Saskatoon and the Saskatoon Regional Intersectoral Committee. SAEP was formed to support greater employment opportunities for Aboriginal citizens in the Saskatoon Region. The report was developed and researched in cooperation with the Saskatchewan First Nations Economic Development Network (SFNEDN). Heather Exner-Pirot of the University of Saskatchewan who is also a member of the SFNEDN Board of Directors acted as the Research Lead. SREDA is the host organization of SAEP and oversees delivery of the program.

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Saskatoon Region Economic Diversity Report

Published February 10, 2016

Although the term, ‘diversified economy’ is commonly used when referring to the Saskatoon Region, rarely is it clearly defined or measured. SREDA has taken an in-depth look at what it means to be a diversified economy, and has measured this diversification through the use of regional economic indicators including employment and GDP. As a second step in this analysis, SREDA has used the results of these calculations and compared them to other Canadian cities.

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For current economic data including GDP, employment, housing, sector overviews and more, visit the Economic Indicators section.

For current statistics including demographics, companies, real estate and more, visit the Saskatoon Statistics or Regional Statistics section.

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