Saskatoon and Regina Economic Outlook 2017–18: A Rebound in Economic Growth

The Conference Board of Canada, November 8, 2017
Recorded Webinar by
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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.

Webinar Highlights

Although both Saskatoon and Regina are seeing renewed growth, below the surface their respective economies differ in several ways. Alan Arcand will provide the detailed analysis on the following:

  • Manufacturing growth eases in Saskatoon but continues to accelerate in Regina. In both cities, however, manufacturing continues to outperform the national pace, as they have for most of the last decade.
  • Services sector growth picks up in both cities. Growth in Saskatoon is being led by a proliferation of new retail outlets, while the tough provincial budget will take a bite out of public administration in the provincial capital.
  • Population growth is solid. Saskatoon’s population growth is to average a solid 2.2 per cent over the next two years. Regina’s population will rise 2.3 per cent in 2017 and Regina’s net migration is expected to average above 3,100 per year over the next four years.
  • Construction growth resumes in Regina while it levels off in Saskatoon.

About Alan

Alan Arcand

Alan Arcand oversees the Centre’s forecasts of 28 Canadian census metropolitan areas. As well, he conducts customized studies measuring the fiscal capacity of cities, economic impact analyses, and the development of customized macroeconomic models. Alan joined the Conference Board in 2000. He obtained his M.A. in economics from Queen’s University and his B.A. in international relations from the University of Windsor.

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