Video: Gold mining faces a cliff after 2025, CRU analyst predicts
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
Despite global economic uncertainty, resource-rich Saskatchewan should offer significant salary gains for its workers in 2012, seeing an average 3.9% increase in wages.
The Conference Board of Canada’s compensation outlook was released on Tuesday.
Saskatchewan is the world’s largest exporter of potash and uranium. It also has a significant oil and gas sector.
Saskatchewan leads all provinces in wage increases, followed by Alberta at 3.6 per cent. All four western provinces are expecting pay bumps above three percent. The lowest base pay increases are projected to occur in Ontario and Atlantic Canada, whose workers can expect gains of 2.7 per cent next year.
Looking at the Canadian labour force overall, projected increases are highest in the oil and gas industry at 4.3 per cent, followed by the the rest of the natural resources industry at 4.1 per cent.
The lowest average increases are expected in the retail trade sector, averaging 2.4 per cent.
The Conference Board of Canada is a independent, not-for-profit applied research organization that specializes in economic trends, as well as organizational performance and public policy issues.
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