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Diversified economy, 'sense of belonging' key to Saskatoon economic recovery: expert


 
SASKATOON
As uncertainty looms in some areas of the economy because of the pandemic, one industry is seeing an upside.
Kelly Minisofer owns Grasswood Auctions, a company his dad started 50 years ago.
He has seen his business increase by 50 per cent with companies offloading equipment because of closures.
But he is also seeing a seller’s market with prices “through the roof,” he says.
“There’s been a strong group of buyers buying the assets and rebuilding and setting up. It’s just an entrepreneurial spirit,” Minisofer told CTV News.
Kelly Minisofer
The Dean of the Edwards School of Business at the University of Saskatchewan, Keith Willoughby, says Saskatoon and Saskatchewan are seeing a unique economic outcome from the pandemic. ....

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Local appliance retailers seeing high demand due to pandemic


While many businesses have been struggling during the COVID-19 pandemic, appliance stores everywhere are seeing numbers soar. But that high demand is creating a problem for manufacturers and longer wait times for consumers.
The owner of Leon’s store in Prince Albert, Dean Pellegrini, said they were fortunate the home appliance and furniture industry had a surge in business due to higher demand for products as more people were forced to stay home.
“In the beginning, there was panic buying, so people filled their fridges and freezers to capacity,” Pellegrini said. “More people are eating at home, using the furniture, spending more nights in bed may have exposed problems for consumers they didn’t want to live with anymore. The first essential need is the refrigerator and freezer, then came the washers and dryers. These items were hardest hit and almost ten months since the start [of the pandemic] and it is still a challenge to fill orders.” ....

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