Saskatchewan is a solid Number Two in the latest economic forecast to be issued by one of the country’s major chartered banks.
The team at ScotiaBank issued their update this week with Saskatchewan second behind Alberta in GDP growth last year, this year and into 2027.
At 1.9-percent, they see this year as the softest of the three years in their assessment but we will still out-perform most of the country. They are projecting that 2025 will come in with GDP growth of 2.4-percent and 2027 will rebound to 2.2-percent.
The bank said the deal on Chinese tariffs on canola will help the province’s agricultural economy this year, adding to the on-going strength delivered by capital flowing in for major projects such as the Jansen and Foran mines.
Strong housing starts for the first ten months of last year offered additional support as our population growth outpaces the nation as a whole. And with more people come stronger retail spending numbers as well as job creation flowing from the enhanced investment levels.
