Whatever Happened To The Promised Boom That The New Saskatchewan Party Government Was Supposed To Bring?
When Brad Wall's Saskatchewan Party were elected late last fall, ending 16 years of New Democratic administration, the hype was flying that the province would instantly see an unprecedented economic boom.
Well ... after nearly 10 months ... the myth of an 'economic boom' has fizzled and the only reason that the Saskatchewan economy is doing reasonably well is due to the highly inflated international price for a barrel of oil. Job numbers are declining by the thousands and real estate is not moving due to highly inflated prices for overvalued properties.
"The Merrill economists are most concerned about Saskatchewan, where the doubling of house prices in Regina and Saskatoon over the past two years means, they estimate, these markets are almost 50 per cent overvalued."
The Globe & Mail
"The monthly labour force report, released Friday by Statistics Canada, showed that their were 6,200 fewer people employed in Saskatchewan in July than in June."
The Saskatchewan Party is excellent at media spin and bold proclamations. However, they are yet to prove that they have any idea whatsoever about the economy.
So much for the much heralded 'boom'!