There is some positive economic news for the city of Regina.
The latest “Impact Regina” report shows the city is managing to keep its head above water despite the doom and gloom that the downturn in the oil and gas sector has caused across Saskatchewan.
The report states Regina’s economy is expected to post a 1.1 percent gain in Gross Domestic Product which marks a significant improvement over the 0.3 percent dip in 2015.
In a release, Economic Development Regina CEO John Lee says Regina continues to have the lowest unemployment rate amongst the major Canadian cities and numbers show there are more people working and living in Regina with more houses being built compared to last year at this time.
Lee says while Regina’s economy is subject to the vagaries of global markets like any other community, the city’s economy enables stable and consistent growth over the long term, based on core industries and geographic location, which in turn position Regina well to serve Saskatchewan’s mining, energy and agriculture sectors.