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Bloomberg reported Saskatchewan expects its budget to rise by 70% in the next year on higher royalties from resources like potash and uranium.
Bloomberg reported Saskatchewan expects its budget to rise by 70% in the next year on higher royalties from resources like potash and uranium.
As quoted in the market news:
Saskatchewan is getting a boost from growth in China, India and other large developing economies, where rising demand for protein-rich food and power investments are fueling demand for potash and uranium. Potash Corp. (POT), the world’s largest fertilizer producer by market value, and Cameco Corp. (CCO), the largest uranium producer, both have their main producing mines in the province, and oil production has increased along with prices.