Executive Briefings

Saskatchewan, Here We Come!

Cold, landlocked, and boasting as its largest metropolis the city of Saskatoon, Saskatchewan may not be top of mind for most Americans. But the Canadian province is one of the richest spots in the world when it comes to natural resources. It's the world's largest producer of uranium. It's the biggest producer of the fertilizer potash (current price: $1,000 a ton, up from $300 this time last year). It is the world's largest exporter of green lentils and chickpeas. And it's home to enormous supplies of oil and gas: The U.S. buys more oil from Saskatchewan than it does from Kuwait. No wonder the CEO of one Fortune 500 company--Jim Prokopanko of Mosaic, which has a potash mine near the town of Esterhazy--describes the prairie province as "the next sovereign wealth fund."
Source: Fortune

Cold, landlocked, and boasting as its largest metropolis the city of Saskatoon, Saskatchewan may not be top of mind for most Americans. But the Canadian province is one of the richest spots in the world when it comes to natural resources. It's the world's largest producer of uranium. It's the biggest producer of the fertilizer potash (current price: $1,000 a ton, up from $300 this time last year). It is the world's largest exporter of green lentils and chickpeas. And it's home to enormous supplies of oil and gas: The U.S. buys more oil from Saskatchewan than it does from Kuwait. No wonder the CEO of one Fortune 500 company--Jim Prokopanko of Mosaic, which has a potash mine near the town of Esterhazy--describes the prairie province as "the next sovereign wealth fund."
Source: Fortune