Following their Thursday luncheon, John Hopkins says there are “stormclouds on the horizon.”
Perhaps the biggest one, in his opinion, is the uncertainty behind NAFTA and how damaging it could be to Regina business.
“President Trump has tied steel to NAFTA,” he said. “So if we had tariffs and it had a significant impact on steel, it would have an impact on Evraz which would have an impact on 1000 jobs.”
But all is not bad.
Hopkins notes there is some good news as well, specifically as relates to a big stride in the local retail sector, with the opening of the new H&M store in the Cornwall Centre.
“My wife is very excited about H&M opening and I’m sure there are many other people who are excited about it,” he said. “Regina’s economy continues to move ahead, even though there’s some uncertainty out there in terms of NAFTA, trade agreements and energy prices, there’s still some positives.”
Hopkins says attracting the popular Swedish retailer is a massive get for Regina, as it might inspire other major retailers to consider setting up shop in the Saskatchewan capital.