Saskatchewan Crown corporations raise $510 million in consolidated net earnings
Among the province's largest money-makers was Lotteries and Gaming Saskatchewan, bringing in $223 million.
Saskatchewan's big four — SaskPower, SaskTel, SaskEnergy and SGI Canada — raised $291 million before adjustments.
Consolidated net earnings were $578 million last year.
This year, the corporations will pay $240 million in dividends to the province's general revenue fund.
Crown Investments Corporation Minister Jeremy Harrison says the companies made record investments in infrastructure while maintaining low utility rates.
This report by The Canadian Press was first published June 23, 2025.
Jeremy Simes, The Canadian Press
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Better disaster recovery needed as frequency grows: insurance bureau
The Insurance Bureau of Canada is calling for national discussions about how to better manage rebuilding after disasters as their cost and frequency grow. The bureau is asking the federal government to lead talks with provinces on disaster recovery as efforts to rebuild Jasper, Alta., encounter delays a year after a wildfire destroyed about a third of the town's buildings. IBC says that as of July 7, officials have only issued rebuilding permits for 56 of the 358 buildings that burned down, a much slower process than after the 2016 Fort McMurray wildfires. Part of the complication is the added regulation from the town being in a national park, but IBC says a lack of co-ordinated and standardized response is also an issue. Craig Stewart, vice-president of climate change and federal issues at IBC, says delays in rebuilding are happening more frequently after major disasters so there needs to be more co-ordination such as a central agency to help manage the recovery. The calls come as July 22 marks one year from when the Jasper wildfire caused an estimated $1.2 billion in insured damage, just one of several disasters last year that caused about $8.5 billion in combined insured damage. This report by The Canadian Press was first published July 21, 2025. The Canadian Press
Yahoo
9 minutes ago
- Yahoo
U.S. senators in Ottawa urge Carney to quickly repeal digital services tax
OTTAWA — A U.S. senator is calling on Prime Minister Mark Carney to move quickly on repealing the digital services tax. "You all, to your credit, said you're not going to collect it. I asked that Canada move as quickly as possible to get a law passed in Parliament making sure that it's gone permanently," Ron Wyden, a Democratic senator from Oregon, told media Monday following a meeting between Carney and a bipartisan delegation of four U.S. senators in Ottawa. "The prime minister was receptive to that," Wyden added. "He said he would get on it in the fall." Carney said in late June he would eliminate the tax — just before a hefty retroactive payment was due that would have cost big U.S. tech companies an estimated $2 billion. The move came after U.S. President Donald Trump called a halt to bilateral trade talks over the tax, which would have imposed a three per cent levy on tech giants that generate revenue from Canadian users, such as Google, Amazon and Uber. While the Canada Revenue Agency is not asking for payments to be made through the tax, it has said it will not issue refunds to those who have already paid until Parliament passes a law formally ending the tax. Google also has said it will wait until that law is passed before refunding customers who paid a surcharge it imposed last year in response to the tax. The House of Commons is currently on summer break and is set to return on Sept. 15. The senators were in Ottawa to discuss the ongoing trade conflict between Canada and the U.S. In addition to Wyden, the delegation included Democratic senators Maggie Hassan of New Hampshire and Catherine Cortez Masto of Nevada, and Republican Lisa Murkowski of Alaska. Carney, who did not stop to talk to reporters after the meeting, remarked that it was a "very good" discussion. A media advisory from the U.S. Senate Committee on Finance said the four senators planned to "reaffirm the importance of ties between the United States and Canada" in meetings with Carney and other top government officials. In a letter to Carney on July 10, Trump threatened to impose 35 per cent tariffs on Canadian goods by Aug. 1, setting a new deadline for trade talks that were supposed to wrap up by now. Carney told reporters last week that a trade deal with the U.S. will likely include some tariffs, and that he expects talks with the U.S. to 'intensify' ahead of the Aug. 1 deadline. U.S. Commerce Secretary Howard Lutnick told an American television audience on Sunday that Canada will pay tariffs unless it opens its market to the United States. This report by The Canadian Press was first published July 21, 2025. Anja Karadeglija, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
Saskatchewan, Ottawa to boost farming program in response to trade issues and drought
REGINA — Saskatchewan's government and Ottawa say they're providing additional support to a farm income stabilization program in response to trade issues and dry conditions. The province says farmers who use AgriStability will see an increase in their compensation rate from 80 per cent to 90 per cent, resulting in larger payouts if eligible margins decline. It says the maximum payment cap is doubling from $3 million to $6 million per operation, and livestock producers will see a new inventory valuation method for feed used on the farm. Federal Agriculture Minister Heath MacDonald says the changes aim to give farmers more protection. Areas of southern Saskatchewan and Alberta are in a drought, which has decimated crop yields. Farmers are also dealing with trade uncertainty due to tariffs from China and the United States. This report by The Canadian Press was first published July 21, 2025. The Canadian Press Sign in to access your portfolio
