Quote:
Originally Posted by Stormer
The current commodity boom in Saskatchewan, if sustainable, could really translate into another construction boom. Nutrien just announced that it is ramping up potash production to 18 million tonnes. At today's prices, that is over $20 billion/year. Add to that, expansions by Mosaic, K+S and BHP's acceleration of the Jansen project and we could have more GDP per capita from potash alone than some provinces have from all economic activity. This is happening at the same time as ag and energy prices skyrocket. The banks are already predicting that Saskatchewan will lead the country in real GDP, but this only tells part of the story. Real GDP does not take into account commodity price increases. These have pretty much tripled. Nominal GDP is a better measure of how much money is sloshing around in the economy and how much Government revenues are increasing. Watch for the nominal GDP figures as the year goes on.
And yes I realize the bubble can burst pretty quickly with inflation and interest rates are a big problem. Right know however, the stars are aligning for SK.
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I'm a Jman plumber here in the city and it feels that way. Feels like it was a few years ago when whole streets felt like they were under construction. Houses framm3e up just sitting along with foundations. Simply not enough workers to keep up and that might get worse but good news to me. Means a possible wage increase for this guy.
If liberal supporters and Trudeau didn't constantly bash male construction workers for being bigots, racists, sexist and destroying communities maybe more young people would be intrested in trades that pay good!! Pretty sad when you see the demand and pay is good and they still advise them to work at McDonald's because it's the socially responsible thing to do...
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