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The capital and commercial and financial centre of Saskatchewan,
Regina is situated 160 km north of the United States border.
The city is set in a wide, level alluvial plain. It was named
for Queen VICTORIA, mother-in-law of then Governor General
the Marquess of Lorne.
Economy
Regina is surrounded by a rich wheat-growing plain on which
its economy is largely dependent. The city is the most important
retail, distribution and service centre in southern Saskatchewan.
The headquarters of the SASKATCHEWAN WHEAT POOL, the world's
largest grain-handling co-operative, is located here.
The Canadian Western Agribition, held here each winter, the
second largest livestock show in North America, reinforces
Regina's position as a major centre of Canadian agriculture.
The provincial government continues to be a major factor in
the urban economy, although its importance is waning.
In recent decades Regina has also diversified its economy,
the principal new developments being in telecommunications
and financial services (in 1992, Crown Life Insurance relocated
its head office and 1000 jobs to Regina from Toronto). ISM
and CGI Canada handle data services for governments, organizations
and corporations thoughout North America. As well, SEARS CANADA
INC, the ROYAL BANK OF CANADA, the CANADIAN IMPERIAL BANK
OF COMMERCE and the CANADIAN CANCER SOCIETY have established
telephone call centres in Regina to reach clients.
Regina accounts for about one-third of the total value of
manufacturing activity in Saskatchewan. The largest firms
in this sector are IPSCO Inc (steel mill and pipe plant) and
Consumers' Co-operative Refineries Ltd (heavy oil upgrader).
The recent growth and diversification of Regina's economy
is reflected in its relatively low unemployment rate. Through
the 1990s it has averaged 7.3% on an annual basis.
Regina's educational facilities include the UNIVERSITY OF
REGINA and the Saskatchewan Institute of Applied Science and
Technology. The SASKATCHEWAN INDIAN FEDERATED COLLEGE, at
the University of Regina, is the only university college in
Canada run by and for First Nations people.
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