The economists at TD Bank are not always the most bullish on Saskatchewan’s prospects but their latest forecast has a decidedly upbeat flavor.
They say Saskatchewan disappointed last year as the lower-than-expected grain crop cut into our output numbers but even so, say the team at TD, Saskatchewan did out-perform the national average even if it didn’t meet their original expectations that we would lead the nation in growth.
But as we go forward, they say we are well-positioned to sustain our expansionary journey with an improved commodity price outlook and the best private sector capital investment percentage in the country/
Further, not only do we have the highest job vacancy rate and the lowest unemployment numbers – factors that will support strong employment which translates into buoyant consumer spending – they say we are a standout when it comes to measuring household debt levels.
While the remainder of the nation was virtually unchanged on this metric, our debt-to-income ratio fell dramatically, going from $150 of debt for every dollar of income to $100, a fifty per cent improvement.
