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explanations. The Royal Bank closing seems like Canada's largest bank just bought into "big is better" concept and closed this profitable branch thinking it could do the same business in its Nipawin branch. The building however was under a fairly long lease arrangement and the bank continues to pay for its use even though it is no longer operating the branch. This is just another example of keen financial planning from big business. The other closings appear to have been the | |
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result of financial pressures. A fairly large number of people work in Nipawin and
take their business with them leaving the local market place in distress. There
are other economic forces at work and some related to politics. One local resident
blamed the provincial government and its policies and warned of more problems created
by the regional health districts moves that jeopardise the hospital. The two young people above were visitors from Edmonton and they like this report were as puzzled at the street full of cars and closing businesses. They noticed one other thing about Carrot River, the practice of "cruising." |