As the various private sector forecasts for Saskatchewan’s economic outlook start to flow, we are seeing something of a consensus on just how fast the economy will grow this year.
The latest to add their voice to the chorus is BMO Bank of Montreal. They are targeting Saskatchewan’s expansion at nine-tenths of a point this year. That is pretty much in line with other forecasters who are generally centred around the one full percentage point number.
BMO also says next year will see a little bit stronger performance at 1.3-per-cent growth. That figure, though, is lower than many of the others who have us closer to two per cent next year. But it does tally with the traditional views which have BMO generally at the lower end of the spectrum of forecasters for us and RBC Royal Bank at the bullish end of the range.
One area seen as noteworthy in this quarterly update is the employment picture. BMO says we will turn in a vibrant 1.3-per-cent increase in jobs.