Alberta and Saskatchewan. They will rank one and two among the provinces in economic growth over the next twenty four months.
We’ve entered economic projection season as the major banks issue they updated quarterly forecasts on where they see various parts of the country performing in the coming year or two.
The first out of the gate is RBC. And they have ranked Saskatchewan as number two this year and next, right behind Alberta.
Strong capital inflows and a diverse customer base are listed as they key factors for Saskatchewan’s outlook. We are among the least reliant on the American market for our exports so we will feel less pain from tariffs.
Further, the US has limited domestic options to replace things such as potash or canola so they may just have to grin and bear it when it comes to funding the US-imposed tariffs.That situation is backed up by strong construction activity like major projects such as the Jansen mine. The bank sees capital investment rising 11-percent this year after a strong year in 2024, something that supports jobs and wage growth
