Saskatchewan Sees 2011-12 Surplus, More Oil, Potash Revenue

Reuters reported that higher potash revenue will contribute to a forecasted budget surplus in 2011-2012.

The market news is quoted as saying:

Spending is expected to rise 5.5 percent from a year earlier to C$10.67 billion, with more money going to health care and highway construction. The western province of 1 million people is a major producer of the crop nutrient potash, as well as uranium, grain and oil.

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