Brighter Days Ahead for the Land of the Living Skies: Saskatchewan’s Two-Year Outlook

The Conference Board of Canada, 14 pages, March 18, 2021
Issue Briefing
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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.

Document Highlights

  • After falling an unprecedented 5.2 per cent in 2020, Saskatchewan’s real GDP will rebound 5.4 per cent this year, with an additional 2.4 per cent gain forecast for 2022.
  • Employment in the province will pick up sharply in the second half of 2021, and the gains will continue into next year as restrictions are lifted.
  • After surging last year, the province’s agricultural sector will continue to be a key contributor to Saskatchewan’s trade performance.
  • Investment is poised for a solid recovery, thanks to the housing and potash sectors.

Table of Contents

Key findings

Saskatchewan snapshot

Overview

Employment Markets

Trade outlook

Investment outlook

Fiscal outlook

Methodology

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