Saskatchewan gets a pretty solid report card from the economists at TD Bank in their latest quarterly economic outlook.
They say the province should out-perform this year and is well positioned to cope with tariffs imposed by the US. We have lower rates on our largest exports and they are CUSMA compliant which means much of our output is headed south tariff-free.
And recent unrest in the Middle East may provide greater support for oil prices which will help as well.
They save their most upbeat words, though, for consumers. They say Saskatchewan households are in sold shape. Retail spending is above the national average and a strong labor market gives us the lowest unemployment rate in the nation.
The bank’s economics team expects the province will continue have one of the healthiest labor markets in Canada into next year.
Growth is projected in the 1.5-percent range this year and slightly lower next year as east and west are outpacing the centre of the country with Quebec and Ontario coming in with growth under one-percent.
