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Tag Archives:
Economy
Where do we go from here? U of R economist weighs in on rate hikes
On Wednesday, the Bank of Canada raised its interest rate for the eighth time in less than a year. It went up 25 basis points - or a quarter of a percentage point - to 4.5 per cent. That was the small...
Daniel Reech
Jan 28, 2023
Bank of Canada hikes interest rate to 4.5%, highest mark since 2007
Canada's key interest rate has risen for an eighth straight month. The Bank of Canada on Wednesday announced it had raised the rate by a quarter of a percentage point to 4.5 per cent, its highest mark...
CKOM News
Jan 25, 2023
Saskatoon economic forecast strong, but labour shortages present growing pains
Saskatoon's economic growth forecast is sunny heading into next year, but that growth doesn't come without pains. The Conference Board of Canada is predicting that Saskatoon's economy will lead the na...
Libby Gray
Oct 21, 2022
(Lara Fominoff/650 CKOM file photo)
Saskatoon expected to lead nation in economic growth: Report
Saskatoon's economy will be the envy of Canada if a forecast from a leading think tank holds true. The Conference Board of Canada's October report is projecting the Bridge City will outpace every majo...
Brent Bosker
Oct 20, 2022
Moe says federal climate policies could cost Saskatchewan $111 billion by 2035
Federal climate policies could cost Saskatchewan's economy more than $100 billion by 2035, according to Premier Scott Moe. On Tuesday, the provincial government released an analysis by the Ministry of...
CKOM News
Oct 11, 2022
Scott Moe released a policy paper to protect Saskatchewan's economy in North Battleford (Lara Fominoff/650 CKOM)
Sask. to become home to 'transformative' rare earth production facility
A feat of ingenuity is creating what could be the province's next major resource thanks to a plant and technology -- the first of its kind being developed right here in Saskatchewan. The foundation of...
Libby Gray
Oct 05, 2022
One of the steps to turning two separated rare earth minerals into a metal that can be then utilized in the creation of electric vehicles in Saskatchewan. (Libby Giesbrecht/650 CKOM)
Bank of Canada raises key interest rate by 0.75 per cent
The cost to borrow money in Canada is getting more expensive. The Bank of Canada raised its benchmark lending rate by three-quarters of a percentage point to 3.25 per cent Wednesday morning. The move ...
CKOM News
Sep 07, 2022
(File photo/650 CKOM)
Dropping gas prices slow inflation in July
Cheaper prices at the gas pumps slowed the pace of inflation across Canada for the first time in months. Statistics Canada reported on Tuesday the national inflation rate retreated to 7.6 per cent in ...
CKOM News
Aug 16, 2022
(File photo/650 CKOM)
Saskatchewan has second-lowest unemployment rate among provinces
Saskatchewan has an unemployment rate of 4 per cent, the second lowest among all provinces. That's according to job numbers released Friday by Statistics Canada, which show more than 24,400 full-time ...
CKOM News
Aug 05, 2022
Small business owners lament utility rate hikes, NDP wants them walked back
With utility rates increasing in Saskatchewan on top of inflation, on top of two years of a pandemic, some small businesses are wondering if they can still make a go of it. Tim and Amy Weisgarber's bu...
Lisa Schick
Aug 04, 2022
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