This quarterly economic forecast for the province of Saskatchewan examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Outlook Economic Forecast: Saskatchewan—Winter 2018
Provincial Outlook Economic Forecast: Saskatchewan—Winter 2018
Provincial Economic Analysis
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- Saskatchewan’s economy will grow modestly over the next few years as key sectors such as oil, agriculture, and mining recover to varying degrees.
- Employment growth will remain soft throughout the forecast but rise incrementally starting next year.
- Construction of Husky Energy’s Rush Lake 2 and SaskPower’s Chinook Power Station will help boost non-residential investment this year.
- Uranium production will decline substantially this year, as production has been suspended at two of Cameco’s facilities.
- Despite soft prices, Saskatchewan’s potash sector is projected to thrive throughout the forecast, with new mines in production.
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