Western premiers talking diversification in light of low oil prices – StarPhoenix
REGINA – Canada’s western premiers discussed ways to diversify their economies in light of plunging oil prices during a teleconference call Monday.
Saskatchewan Premier Brad Wall was host on the call that was a substitute for the annual western premiers meeting to save time and money.
Both he and British Columbia Premier Christy Clark noted that their provinces are heavily reliant on resource revenue, but have had to find other ways to bring in cash with the downturn in energy prices.
“We’re talking about oil obviously. It’s gone up and down, and I remember in 2009 it touched under $40 at the time and the province continued to grow. We’re pretty fortunate in Saskatchewan. We’ve been lucky to have a more diversified economy in terms of other resources,” Wall said in the call.
