SAMA 2015 AGM: Paul Martin

Paul Martin was the guest speaker at the SAMA AGM today. Mr. Martin highlighted some interesting facts about Saskatchewan's future.

Paul Martin at the SAMA 2015 AGM. April 15, 2015

• In 2038 Alberta is expected to be economic powerhouse in Canada with Saskatchewan second;
• SK is expected to be the fastest growing province;
• The last 3 years has seen more than $20 billion invested per year - investment today is cash flow tomorrow;
• The private sector has been investing more than $14 billion per annum during the last 3 years;
• observation: Kindersley is paying to maintain yesterday's infrastructure while paying for the future;
• Capital for infrastructure is to be found in the private sector not the senior levels of government
• observation: does anybody want to build a pool in town?
• Detroit issued their first residential development permit recently in 25 years;
• Saskatchewan's economic drivers, the 3 Fs:
• Food,
• Fuel,
• Fertilizer.
• In the last generation 500 million people have moved from the farm to the city in China;
• Russia's potash mines are in trouble with their largest flooded:

Sinkhole in Russian Potash Mine. google search



Sinkhole of Russian Potash Mine. google search.

• The sinkhole is estimated to be 600 feet deep and flooded;
• The affected mine is 5% of the world's potash production;
• 12,000 immigrants are coming to SK;
• $30 billion of exports for net export of $10 billion