Sask. to rely on potash, agriculture during low oil prices, premier says
Brad Wall says the prairie province is well-positioned for long-term growth despite energy struggles.
REGINA — Premier Brad Wall says potash and agriculture will support Saskatchewan’s economy while oil prices are low.
He made the comments as Mosaic announced a $1.7-billion investment in its potash mine in Esterhazy in the province’s southeast.
Wall says Saskatchewan will rely on a diversified economy during what he calls “uncertain times” in the energy sector.
The premier adds that the province is well-positioned for long-term growth, because it can provide energy and food to the international community.
Saskatchewan is expecting a revenue shortfall of between $600 million and $800 million this year due to low oil prices.
Wall has said the upcoming budget is the most difficult his Saskatchewan Party government has had to put together.
©2015 The Canadian Press