Economic Snapshot
This growth trend is
anticipated to continue with an annual average of 3.2% for the forecast period
of 2011 to 2014, leaving Regina as one of the healthiest North American metro
regions.
This growth will continue to be supported
by Regina’s manufacturing, transportation and communication, wholesale and
retail trade sectors.
The following chart illustrates the growth
of the GDP over the past few years and into the near future. Major projects that will contribute to this
growth include the Harbour Landing and Grasslands residential developments
along with numerous commercial and industrial construction projects, the
establishment of Saskatchewan’s first Lowes store, new hotels, Loblaw
Companies’ distribution centre, expansion of the
Co-op Refinery, numerous infrastructure
projects to upgrade and improve city services, new schools, new health centres,
and continually evolving government services.
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Regina
– GDP & Credit Rating
|
|
2009
|
2010
|
2011 -
2014
|
2005 -
2014
|
|
-3.0%
|
3.50%
|
3.2%
|
2.5%
|
|
#9
|
#7
|
#6
|
#6
|
|
Credit
Quality: AA+ (City of Regina S&P)
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|
Source:
Conference Board of Canada, Metropolitan Outlook Autumn 2010
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