We hear a lot about investment and how Saskatchewan is attracting a disproportionate share of investment flows these days. We have big projects underway – mines like Jansen and Foran with a couple major uranium mines now getting underway – plus the oil industry is a key contributor to this metric.
There’s a reason we talk about this: investment triggers growth and improves living standards.
The Fraser Institute has now waded into this conversation, looking at investment levels here versus the US. And it is not a pretty picture.
They choose to measure business investment on a per worker basis. We used to invest more than the Americans just over ten years ago, roughly the time Justin Trudeau became prime minister, they surpassed us and are widening the gap every year.
There is one exception, though. Saskatchewan. We even outpaced the US in 2024 and were far ahead of the rest of Canada but right behind us are Alberta and Newfoundland, the other oil producers. The difference for Saskatchewan is mining. Nova Scotia was lowest, roughly one-quarter of Saskatchewan’s level.
