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Snapshots of Saskatchewan. the Saskbusiness Series Three Years of Insights, Understanding and Impact

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Snapshots of Saskatchewan. the Saskbusiness Series Three Years of Insights, Understanding and Impact av Saskatchewan Institute Snapshots of Saskatchewan. The SaskBusiness Series Three Years of Insights, Understanding and Impact When the Saskatchewan Institute began its evidence-based commitment to Saskatchewan, SaskBusiness magazine was one of its first partners. As a major, multi- year initiative of The Conference Board of Canada focusing exclusively on issues relevant to Saskatchewan, the Institute needed an outlet for sharing the knowledge and ideas being generated on issues relevant to the province. With the April/May 2012 edition, our collaboration began without a lot of fanfare. But three years and 23 articles later, SaskBusiness and the Saskatchewan Institute can look back with pride at how we have addressed themes of leadership, governance, innovation, competitiveness, and more. The Institute continues its work by collaborating with partners throughout Saskatchewan to produce research that will help public and private sector leaders sharpen their vision for Saskatchewan’s future and find solutions to the challenges needing to be addressed. We remain guided by three foundational themes: developing people, managing growth, and assessing key sectors. The Institute, working closely with key partners in Saskatchewan, accesses the full complement of expertise at The Conference Board of Canada to conduct independent, balanced, and rigorous analysis of economic trends, organizational performance, and public policy issues. These first 23 articles not only spurred additional dialogue, they also helped to establish the Institute as a trusted partner and source of insights, understanding, and impact. The Conference Board of Canada has a long tradition of conducting such analysis and communicating results to leaders. The Saskatchewan Institute will continue to contribute to a shared vision of sustainable prosperity and a clear path toward continued economic growth for the province. On behalf of all of our investors and supporters—past, present, and future—enjoy the reading. Roger Francis Director Saskatchewan Institute CONTENTS 4 The World Wants More Saskatchewan 7 Saskatchewan Has Limitless Opportunities if It Can Find The Workers 10 Green Machine: Financing Growth in the New Saskatchewan 12 Saskatchewan’s Social Outlook 14 The Aboriginal Opportunity: Optimizing First Nations and Métis Contributions to Economic Growth and Social Well-Being 16 Embrace the Dragon 18 A Cautionary Tale: Economic Growth and Saskatchewan’s Cities 20 Part of the Solution: Education and the Labour Shortage 22 The Skills Gap: Building Skills Is a Good Investment 24 The Saskatoon Region’s Long-Term Outlook 26 Saskatchewan Innovation 28 Should Saskatchewan Build Knowledge Cities? 30 Collaboration Must Be the New Normal 32 Co-operative Development in Rural and Aboriginal Communities 34 Positioning Saskatchewan’s Credit Unions For Growth 36 From Resource to Knowledge-Based Economy: Is Saskatchewan Firing Up Innovation? 38 Saskatchewan: The Next Norway? 40 Education–Business Partnerships 42 The Transformative Potential of Capacity Development 44 Energy to Grow 46 Game Changer: Express Entry Immigration and Saskatchewan 48 The Art and Science of Effective Decision-Making The ConferenceSB_AprilMay_2012 Board of 2015-04-23Canada 11:07 AM Page 17 Saskatchewan Institute The World Wants More Diana MacKay, Director, Education, Health and Immigration Programs Saskatchewan The Conference Board of Canada The world wants what Saskatchewan required for sustainable growth and eco- initiative to help public and private sector produces. Saskatchewan had the strongest nomic resilience. leaders collaborate on the top issues economy in Canada in 2011, and is This first annual forum will attract important to Saskatchewan’s future. expected to record solid growth in 2012. provincial, regional, Canadian, and inter- Saskatchewan enjoys a low unemploy- national thought leaders, decision-mak- A Rising Economic Powerhouse ment rate, and its population is growing ers and influencers to debate a path for Even against the backdrop of a global at a fast pace. The solid growth in the Saskatchewan now and generate a clear slowdown and stabilizing commodity provincial economy, however, brings vision for the province’s future in 2022 prices, Saskatchewan’s economy contin- both opportunities and risks. and 2050. These experts will join speak- ues to set a brisk pace. After growing by Saskatchewan is at a crossroads – ers, including Premier Brad Wall, in 4.2 per cent in 2010 and more than five many changes are underway, and more debating the opportunities and chal- per cent in 2011, real gross domestic changes are certain to come. How can lenges. As they develop a vision for the product is expected to expand by 2.6 per Saskatchewan take full advantage of its future of Saskatchewan, there is a great cent this year. Although 2012 growth is good fortune and ensure lasting prosper- deal to consider: modest compared to the previous two ity for its citizens and businesses? What • how can Saskatchewan ensure ongoing years, it is still one of the strongest out- policy and planning decisions are economic growth and sustainable looks in Canada—and stronger growth required now to capitalize on the boom? prosperity? of 3.5 per cent is forecast in 2013. What infrastructure is needed during the • what options are there to deal with tight Saskatchewan’s sources of growth are growth period and beyond? skilled labour market conditions? widespread – they include agriculture, Decisive action can help ensure that • can immigration policies and programs construction, mining, and manufacturing. Saskatchewan creates the ideal environ- help in the near term? Mining continues to grow at a strong pace, ment to fully capitalize on its robust • what is the education system’s role in driven by the mineral fuels sector, which growth. The first Saskatchewan Forum, supporting sustainable growth? will expand 7.9 per cent in 2012. And hosted by The Conference Board of manufacturing is set for a 3.8 per cent gain. Canada May 29 and 30, will focus on The Forum will shape the direction of the The non-metal mining industry, an investments needed in the current and events that follow, and will contribute to area of weakness this year, because of future workforce, as well as the capital the mandate of the Saskatchewan delays in mine expansions and tempo- access and infrastructure investments Institute, the Conference Board’s new rary production cuts by major potash 4 The ConferenceSB_AprilMay_2012 Board of 2015-04-23 Canada 11:07 AM Page 18 Saskatchewan Institute producers, is expected to record blister- ing growth starting in 2013 as a result of EVENT PROGRAM increased capacity. Non-residential busi- ness investment, which is coming off a Day 1—Tuesday, May 29, 2012 very strong year, looks to continue this trend over the near term, and that will lead to productivity gains and stronger Objectives economic prospects. • Learn about the Conference Board’s economic and social outlook for Saskatchewan and the implications for the short, medium, and Tight Labour markets long term. Attracting skilled workers in tight labour • Hear from business leaders from Saskatchewan and across markets is one of the biggest immediate Canada about the current economic climate and the forces driving challenges. Saskatchewan’s unemploy- decisions in their firms. ment rate will average 4.6 per cent this year, boosting real personal disposable • Discuss issues and policy areas requiring priority attention: growth by 1.4 per cent – and an even 1. Investing in the Future Workforce of Saskatchewan stronger income growth is expected next 2. Building the Conditions for Sustainable Growth year. Employers in Saskatchewan – large Plenary Session 1 and small – need workers who have the The Economic Forecast and Social Outlook for Saskatchewan in 2022 required qualifications and skills. Are the province’s immigration policies and pro- Plenary Session 2 grams up to the task of attracting thou- Doing Business in Saskatchewan- Challenges and Opportunities in sands of additional skilled workers? the Decade Ahead What is the education system’s role in supporting ongoing growth? What else can and should be done? Concurrent Sessions • Investing in the Future Workforce of Saskatchewan The Saskatchewan Forum • Building the Conditions for Sustainable Growth The two-day Saskatchewan Forum will be highly interactive, stimulated by ideas presented in advance of and throughout DAY 2—Wednesday, May 30, 2012 the conference, and will include peer-to- peer discussion and debate. The issues will be considered holistically, to ensure Objectives that the interrelationships between eco- • Stimulate creative thinking about the “realm of possible” for the nomic growth, infrastructure needs, future of Saskatchewan’s labour market and the people and employment, and the region’s key sectors organizations driving the province’s economic and social potential. are explored. • Gather input from delegates and collect answers to the three questions. Supporting the Saskatchewan Forum 1. What is your vision for Saskatchewan 10 years from now—in 2022? will be a new Conference Board research 2. What must happen in the next three years? initiative – the Saskatchewan Institute. 3. The Saskatchewan Institute will use the What are the longer-term implications—out to 2050? Conference Board’s renowned economic forecasting, public policy, and organiza- Concurrent Sessions tional performance expertise to examine • The Challenge of Being Nimble and Wise Saskatchewan’s leadership, governance, • Striking a
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