Saskatchewan and Newfoundland and Labrador have stepped into a new era of prosperity, according to a study released today as the feature article in the May 2008 issue of the Canadian Economic Observer.

The ongoing commodity boom, starting in 2002, offered a unique opportunity for these two provinces to tap into their natural resources as never before. Driven by export growth, notably that of crude oil, Newfoundland and Labrador’s economy led the nation in terms of growth in nominal gross domestic product (GDP) in 2007, at 13.4%. Saskatchewan followed with growth of 11.4%, ahead of Alberta’s 8.3%.

http://www.statcan.ca/english/freepub/11-010-XIB/00508/feature.htm