Saskatchewan is growing
As Saskatchewan continues to grow and evolve, so do some of its staple companies.
On Wednesday morning, an evolution was marked with a celebration in Regina as Dundee Developments and Homes by Dundee changes its name, now operating as Dream Development and Homes by Dream.
"We became a fairly large company and Dundee claimed its name back," explained Ned Kosteniuk, vice president of land in Regina for Dream. "It's essential to us to have an independent identity."
Canada’s breadbasket is one of the first places a hungry world will turn to.
The growing middle class in emerging markets will command more food exports from the agri-food sector in Saskatchewan, according to Peter Hall, vice-president and chief economist with Export Development Canada (EDC).
“When they cross that middle income threshold there, they do two things. They consume more and they consume higher quality. The place they start is food,” Hall said on John Gormley Live.
While in the process of finalizing a rezoning application for the Saskatchewan Metals Processing Plant in Langham, Fortune Minerals Ltd. director Richard Schryer spoke in Saskatoon Wednesday, touting the economic benefits for the $200 million plant.
“We’ll have over 100 jobs and a lot of them are well-paying jobs over $90,000 in salary,” Schryer said at a North Saskatoon Business Association lunch at the Ramada Hotel.
Tuesday was a big day for the community of Big River. The local saw mill, located a short distance from town, officially reopened to large-scale production.
Carrier Forest Production Ltd. bought the Big River saw mill in 2010. Since then they have upgraded equipment, received an allocation from the Prince Albert Forest Management area, and renegotiated a collective agreement with steelworkers.
The north downtown project is estimated to cost $130 million and take 25 years
The development, bordered by 33rd Street, Idylwyld Drive, 25th Street and First Avenue, will see a unique land bridge with a park build over the existing Canadian Pacific railway paralleling Idylwyld Drive.
Slated to hold 7,600 people, the development is still in its infancy as project managers continue to hammer out the finer details of the project.
The provincial government is warning people about a company trying to sell stocks without a license.
Truck drivers in Saskatchewan are looking forward to a time when they will be able to avoid the traffic on Victoria Avenue or Dewdney by using the Regina bypass.
The bypass will start at Tower Road east of the city and wrap all the way around the south and west side to connect with Highway 1 and Highway 11 to the north.
The federal government will be pitching in to the public-private partnership (P3) being used to build the new Regina Bypass.
On Monday, federal Minister of Agriculture Gerry Ritz announced that the federal government will contribute up to $200 million to the build. The money is being provided through the P3 Canada Fund. The province will fund the remainder of the project's $1.2 billion cost through a partnership with a private company.
A new program is being implemented in Regina and Saskatoon is literally ground breaking; it could help stop gas leaks and power outages stemming from construction.
Sask 1st Call and the Saskatchewan Common Ground Alliance are introducing Safety Patrols to address the problem of underground power, natural gas, and phone lines being hit by construction. In 2013, there were over 1,000 line hits that cost $10 million in repairs and lost productivity. The Safety Patrol will be in marked vehicle operating from May 1 to October 31.
SaskPower customers will be seeing a 10.5 per cent system-average rate increase after the Saskatchewan Rate Review Panel approved part of the provider's multi-year application.
SaskPower's president, Robert Watson, revealed a proposed 15.5 per cent rate increase last October saying the utility company needed to upgrade aging infrastructure in a growing province which is seeing increasing demand.