Moose Jaw Express March 31st. 2021

Page 1

Save $ 00 4 wine & liquor store FREE BAG OF ICE WITH PURCHASE OF OVER $25

The Kraken 750 mL

$

2899

Save $ 00 3 Iceberg Vodka 1140 mL

$

3449

Save $ 00 4

Great Western 18 Pack Cans

$

Save $ 00 3

Coors Original

2999

15 Pack Cans

$

3329

pub

Featuring TRIFON’S PIZZA

Located on South Hill at 510 Home Street W | GREAT VALUE & SELECTION

MOOSE JAW’S MOST TRUSTED LOCAL MEDIA

306.694.1322

“WELCOME TO THE REAL NEWS”

FREE THE PAPER THAT

CAN’T BE BOUGHT!

SINCE 2008 Volume 14, Issue 13 | Wed., Mar. 31, 2021 WELL WRITTEN WELL READ!

VISIT:

Economist predicting positive economic recovery for Saskatchewan businesses in 2021

Ltd

HEATING • PLUMBING COOLING • BOILERS

Larissa Kurz

SALES • SERVICE • INSTALLATION Specialized in

Energy Efficient Furnaces Custom Sheet Metal Work We Service ALL Makes and Models

THE WEARHOUSE

Pic-A-Pant

Yard Goods $3.00-$6.00/yard Variety of Notions

THE WEARHOUSE Buy 1 Pair of Pants and Get The 2nd Pair for 1/2 PRICE! Bring this coupon to purchase 1 pair of pants at our ‘regular’ low price and buy the second pair for 1/2 price (of equal or lesser value)

Hours: Thurs-Fri-Sat 10am-5pm

During a presentation hosted by the Regina & District Chamber of Commerce, economist Pierre Cleroux said that experts are expecting the provincial and national economies to recover relatively quickly in 2021 — but that businesses shouldn’t expect things to be exactly the same as before. Cleroux, vice-president of Business Development Bank of Canada (BDC), spoke with Regina and Moose Jaw chamber members about what to expect from business trends in 2021. Canada’s economy took a hit in 2020 due to the COVID-19 pandemic, with a negative growth and an estimated 3 million jobs lost — two-thirds of which have since been recovered. Saskatchewan also experienced the effects of the pandemic, losing an estimated 70,000 jobs during the first lockdown and seeing a decrease in revenue in several industries such as culture and recreation, hospitality and food services, and even agriculture. The province also recovered about twothirds of those jobs lost, but is still looking at just over 20,000 jobs still missing. But the numbers aren’t all bad news, said Cleroux, as the economy’s quick snap back following the lifting of restrictions in the fall offers a positive picture for the future. “That’s something we learned in 2020, is when you lift the restrictions, the economy is coming back very quickly, which is quite positive for the recovery,” said Cleroux. “There’s also more money in Canadians’ pockets because of government programs [and] they’re going to spend it in 2021.” Some industry sectors are still struggling, but experts remain optimistic about Canada’s economic recovery in 2021, especially compared to other countries. Manufacturing cells are returning to normal production rates, including the wood manufacturing industry in Saskatchewan. Saskatchewan’s exports increased by 2.5 per cent last year — an exception in Cana-

Economist Piere Cleroux from BDC said that experts across the country have high optimism for the economy’s recovery in 2021. (screenshot) da, as the national number show an 11.8 per cent decrease in exports — which includes the province’s exports of lentils, which increased by 96 per cent in 2020. Cleroux predicted Canada’s economic growth will be over 5 per cent this year, for a number of reasons including the promise of widespread vaccination, rising oil prices, continue government stimulus programs and low interest rates, increased investment intentions, and the $212 billion in savings Canadians are reported to have held onto in 2020. For business owners, Cleroux advised that there will be a number of new trends sticking around post-pandemic. Investing in an online presence will continue to be relevant, said Clereux, as the pandemic has only kick-started the importance of online business. E-commerce sales more than doubled in the last year, and a large number of Canadians polled that they will continue to shop online when possible. “According to our research, 42 per cent of Canadians say they are going to increase their online spending in the next six months, and when you talk to young people, that ratio is 50 per cent,” said Cleroux.

“[And] if you’re not online, you’re kind of invisible. . . Even if people don’t buy online, they still go on the web to see what’s available.” Businesses should also expect working from home to stick around, as well as continued increases in tech investment. Labour shortages are also likely to continue, as immigration numbers have decreased. He also added that while Canada entered into the pandemic with a strong GDP, it also spent the most stimulus money during the subsequent months of 2020. He anticipates the federal government will not be attempting to balance the budget, set to be released shortly, for several years as a result. COVID-19 continues to be the biggest risk factor that could disrupt a successful economic recovery, said Cleroux, but experts remain optimistic based on the current trajectory. “This virus is full of surprises, but we are optimistic for recovery and we need the vaccination to work [for that to happen.] That’s really the strongest condition for this strong recovery,” said Cleroux.

429 River St. W. Moose Jaw

A-1 Tree Service Call 306-692-6701 FREE ESTIMATES

Honour the memory of a loved one with a memorial gift to support the Dr. F.H. Wigmore Regional Hospital Please include the Moose Jaw Health Foundation in your estate plan.

(306) 694-0373 • www.mjhf.org

Have your trees trimmed or removed - anywhere - any size Stump Removal Certified Arborist on site Fully Insured

MOOSE JAW’S #1 TREE SERVICE


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.