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Crown Corporations in Saskatchewan
Most governments in Canada, over the years, established crown corporations with varying zeal and success Most were centered in the utilities sector and many were later sold to private investors and corporations. The province of Saskatchewan was an early advocate of government owned enterprises and has been reluctant to let go.
Crown Corporations in Saskatchewan traces the history of the establishment of Crowns in the province – from a hail insurance Crown even before Saskatchewan officially became a province to the recent partial privatization of the Saskatchewan Information Corporation.
Many of the early economic Crown Corporations that were established did not do well and many were money-losing ventures. In later years government investments in the resource industries such as forest products, uranium, oil and gas and potash proved successful, particularly when the government partnered with the private sector.
By and large most of the Crowns were established out of economic necessity. In the 1940s immediately after the Second World War the province had a large debt following the depression. The agriculture sector was depressed. Veterans were returning home looking for employment and the Federal government’s National Policy of high tariff rates on agriculture and other equipment restricted economic development in the province. The only major source of capital was the borrowing power of the provincial government.
Crown Corporations in Saskatchewan traces the history of the establishment of Crowns in the province – from a hail insurance Crown even before Saskatchewan officially became a province to the recent partial privatization of the Saskatchewan Information Corporation.
Many of the early economic Crown Corporations that were established did not do well and many were money-losing ventures. In later years government investments in the resource industries such as forest products, uranium, oil and gas and potash proved successful, particularly when the government partnered with the private sector.
By and large most of the Crowns were established out of economic necessity. In the 1940s immediately after the Second World War the province had a large debt following the depression. The agriculture sector was depressed. Veterans were returning home looking for employment and the Federal government’s National Policy of high tariff rates on agriculture and other equipment restricted economic development in the province. The only major source of capital was the borrowing power of the provincial government.
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