Investment

Bank of Canada reduces interest rate as inflation drops

Bank of Canada reduces interest rate as inflation drops

Oct 24, 2024 | 3:43pm
On Wednesday, the Bank of Canada announced its decision to reduce its key interest rate by half a percentage point to 3.75 per cent. It’s down from 4.25 per cent and the fourth rate cut this year. The inflation rate dropping to 1.6 per cent in September, due to excess supply decreasing inflation in goods […]
Prairie Clean Energy encouraging investment after receiving approval for new investor tax credit

Prairie Clean Energy encouraging investment after receiving approval for new investor tax credit

Apr 9, 2024 | 6:30pm
Saskatchewan-based company Prairie Clean Energy (PCE) was recently approved by the provincial government for a new investor tax credit through the Saskatchewan Technology Startup Incentive Program (STSI), that would give 45 cents back for every dollar invested into the company. President and CEO of PCE Mark Cooper explains in a news release the company’s use […]
Five companies and Protein Industries Canada investing in “commercialization” of high-protein canola seed and sunflower meal

Five companies and Protein Industries Canada investing in “commercialization” of high-protein canola seed and sunflower meal

Apr 2, 2024 | 10:33am
A $31-million investment is being made towards, what Protein Industries Canada calls, supporting the “commercialization of high-protein canola seed, as well as sunflower meal.”  The organization is investing $13.4-million and the remainder covered by a group of companies involved – Corteva Agriscience, Botaneco, Bunge, Rainfed Foods, and Northeast Nutrition Inc.  The investment will help increase […]
$19-million investment made into R&D project to create new oat, pulse ingredients

$19-million investment made into R&D project to create new oat, pulse ingredients

Feb 28, 2024 | 4:40pm
About $19.2-million is being invested into a research & development project that will aid in creating new oat and pulse ingredients and products. Avena Foods will be doing most of the heavy lifting on the R&D side, with the new ingredients being used by Big Mountain Foods, Danone Canada, and Old Dutch to replace several […]
Two Saskatchewan Ag Companies among 15 selected for AgTech Accelerator Program

Two Saskatchewan Ag Companies among 15 selected for AgTech Accelerator Program

Feb 15, 2024 | 4:07pm
Fifteen agriculture companies have been selected to participate in the AgTech Accelerator program. Of the 11 Canadian companies selected, 2 are Saskatchewan-based – ABAzyne Biosciences and PathoScan, both from Saskatoon – 4 are from the U.K. A list of all 15 companies can be viewed below. Bre Walkeden, Community and Partners Manager for Cultivator powered […]
Saskatchewan Pulse Growers, Yorkton Mayor “ecstatic” with LDC investment of new pea processing plant

Saskatchewan Pulse Growers, Yorkton Mayor “ecstatic” with LDC investment of new pea processing plant

Feb 7, 2024 | 5:13pm
Wednesday’s announcement from Louis Dreyfus Company (LDC) investing in a new pea protein isolate production plant in Yorkton has yielded positive reaction from the Saskatchewan Pulse Growers and the Mayor of Yorkton. Executive Director of the Pulse Growers Carl Potts says it will help create demand domestically and abroad. “In Saskatchewan it’s positive news,” Potts […]
EDR confirms what everyone knows: agriculture is crucial to the provincial economy

EDR confirms what everyone knows: agriculture is crucial to the provincial economy

May 31, 2023 | 5:13pm
Most, if not all, residents are aware of how important agriculture is to Saskatchewan, but Economic Development Regina (EDR) decided to take that thought a step further and quantify it’s significance. EDR released a report today called “Saskatchewan’s Annual Megaproject: Spring Seeding” which “uses data from a range of sources to understand the impact of […]
Water Security Agency beefing up its flood risk mapping program

Water Security Agency beefing up its flood risk mapping program

May 4, 2023 | 2:53pm
The Saskatchewan Water Security Agency is improving its ability to identify flood risk in the province. An over $2-million investment is being made to its Flood Hazard Identification Mapping Program. The money is part of the WSA’s 2023-24 budget. WSA Spokesman Sean Osmar says these improvements will help communities be more prepared for potential flooding. […]