Despite all the uncertainty created by US tariffs that threaten to turn into an all-out trade war, Saskatchewan’s economy will hold up fairly well compared to the rest of the country in the next 24 months.
That comes from the latest forecast issued by BMO Bank of Montreal.
The economics team at the bank has now had time to assess how the economic landscape is changing in the face of tariffs and countermoves. And they figure Alberta is going to fare best among the provinces with growth of 1.8-percent. That is a familiar theme in recent reports from all the financial houses and the more interesting data is in who will come second and third.
In this report, Newfoundland and Labrador will stand in second place this year at one-percent followed by BC and Saskatchewan with expansion running at eight-tenths of a point. At the other end of the scale is Ontario which is projected to actually shrink this year – contracting two-tenths of a point and Quebec which will be flat.
Next year, Saskatchewan will see the growth rate increase alongside Alberta and BC.
