Regina is among the Canadian cities with strongest economies and lowest unemployment rates. In the recent years, there are a lot of investments in the extraction of Saskatchewan natural resources (oil and gas, potash and others), in transportation and in the manufacturing sector.
The city is home to the largest steel company in Western Canada, EVRAZ Regina (formerly known as IPSCO). EVRAZ Regina is a mini-mill that recycles steel scrap and produces plate and coil, which is then converted into energy tubular products. EVRAZ Regina operates three facilities: steelmaking and rolling mill, cut-to-length and tubular mill. The facility produces large diameter pipes for the oil and gas industry.
The biggest challenge, however, is the shortage of labour. For many years people have been leaving Regina to look for employment elsewhere, and now, when there are so many projects underway, workforce is insufficient. Sometimes employers in Regina have to fly temporary workers from other parts of Canada.