The economists at TD Bank say the Canadian economy is doing a bit better than they expected earlier this year. Their new quarterly forecast came out a few days ago with the headline Crawl Before You Walk signifying things are gradually settling into a more stable outlook.
When the break it down provincially, Saskatchewan comes out in the upper range for the next 18 months but we will fall back a bit in the rankings in 2027. The bank projects growth of 1.5-percent in 2026 with slightly higher growth this year and in 2027.
Alberta is the national leader again throughout the piece but Saskatchewan is enjoying the benefit of the particularly strong performance of the mining sector these days. That has triggered strong capital spending.
And we boast one of the strongest labor markets with the lowest unemployment rate in the country. Ontario is taking the brunt of job losses related to tariffs, according to this report while Saskatchewan’s job strength is generating the highest inflation-adjusted retail spending in Canada as well as a solid housing market.
