This province will have some strong winds in its economic sails over the next 36 months.
The latest economic forecast issued by the team at TD Bank has Saskatchewan outpacing the country this year and the next two years after that.
They point to an improving outlook in agriculture and strong capital investment which triggering above-average construction activity. Projects such as the Jansen Mine are seen as significant catalyst to our growth.
And the uranium sector has posted double-digit growth in the last year.
TD is also projecting housing starts will increase each year as lower interest rates spark fresh demand. And that should push prices higher – up five or six per cent a year this year and next.
Households in this province carry lower debt levels than most of the country, largely because housing prices are quite affordable meaning mortgages are more modest.
This, along with a strong solid job outlook, should stimulate more consumer spending as we move through the fourth quarter of 2024 and into the subsequent 24 months.
