Western Provinces Better Able to Weather Economic Storm Due to Mining Resources

The National Post reported that western provinces have been less vulnerable to economic slowdown, due to a robust mining industry, particularly oil and gas and potash.

As quoted in the market report,

Not surprisingly, resources-rich Alberta and Saskatchewan led the gains — with 5.1% and 4.9%, respectively in 2011. The economy of Newfoundland and Labrador, also backstopped by resources, increased 3% last year.

To view the whole National Post report, click here.