Growth forecast for Saskatchewan economy

Posted by Paul Martin on Jun 19, 2017 8:47:41 AM

A mid-year economic forecast on Saskatchewan’s performance shows a marked improvement over the last report three months ago.

business-news.jpgThe latest bank to issue its quarterly provincial outlook is RBC. Its June report – which really looks at the first quarter of this year says last year actually turned out better than expected with oil and mining output not falling as far as they originally anticipated just three months back. And agriculture exceeded expectations.

So now they are saying our economy will grow 1.7 per cent this year – compared to a decline of one percentage point last year – and the momentum will continue with growth next year rising to 2.3 per cent.

This year’s performance will put us behind the national average and in the middle of the pack among the provinces.

However, next year’s outlook is much brighter with Alberta expected to show the biggest gains. At 2.3 per cent, we’ll be right behind them in second place and well ahead of the national pace of 2.1 per cent.

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Paul Martin

Written by Paul Martin

Paul Martin is the chair of Martin Charlton Communications. You’ve heard him on the radio, seen him on TV and read him in newspapers and magazines. Paul is a popular keynote speaker on topics ranging from the economy to tapping community potential. His unique blend of communication and business knowledge has made him a highly sought-after consultant. As the Chair of Martin Charlton Communications, Paul is MCC’s ‘go to’ guy for all things business in Saskatchewan. He is the chair of four Saskatchewan branches of TEC (The Executive Committee) – a global organization dedicated to improving the performance and enhancing the lives of CEOs – which has more than 50 CEOs and senior executives among its Saskatchewan members. The long and short: Paul knows the province’s corporate community and business economy like few others. He is a potent conduit for anyone looking to do business in Saskatchewan, Canada’s fastest growing economy. His strategic advice is unrivaled.


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