Saskatchewan will surpass Ontario this year as Canada’s second-wealthiest province as measured by living standards, the result of a recession that has shown no mercy on the country’s industrial heartland, according to an independent analysis issued Tuesday.
So how is it happening?
For its part, Saskatchewan’s ascent is attributed to its natural resources, from oil and natural gas, to potash and wheat. “They have been riding some really winning horses and they have had a good open-for-business climate as well,” Mr. Orr said.
However, he warned commodity prices remain volatile and a sharp pullback could hit Saskatchewan’s living standards.
Basically the Ontario economy continues to struggle while the Saskatchewan economy rides a wave of high commodity prices that we have seen can be kind of volatile.
