Regina and Saskatoon are emerging from two years of below-par economic performance in 2017. Growth in real gross domestic product (GDP) is expected to rise 3.6 per cent in Saskatoon and 2.9 per cent in Regina.
Healthier GDP growth should prove a tonic for the job market in both centres. Still, growth hinges on sustained recovery in oil, potash, and crop prices—none of which is guaranteed. Weaker-than-expected commodity prices continue to threaten Saskatchewan’s economy, and thus those of the province’s two largest cities.
Get a unique perspective on the national, Saskatchewan and Saskatoon and Regina economies in this webinar. The Conference Board’s Centre for Municipal Studies has produced quarterly Economic forecasts for Canada’s Census Metropolitan Areas for more than 20 years. These insights are crucial for Saskatchewan’s business leaders and policy makers.