Saskatchewan will not be a particularly stellar performer this year, according to a new report on our economic outlook issued by BMO Bank of Montreal.
The chartered banks generally provide us with a quarterly update on how they see things unfolding in the economy and they break it down on a provincial basis. BMO comes at it from a slightly different perspective than most. It offers a chart detailing all the numbers, but little in the way of commentary to explain its rationale.
What it has delivered in its latest update, issued Friday, is that Saskatchewan can expect growth of 1.5 per cent this year. That is in the lower tier among the provinces, with six others expected to see more growth. British Columbia tops this list at 2.5 per cent.
Now this is on top of a 2.9-per-cent expansion last year, which was generally higher than most had expected until StatsCan released the final numbers a few months ago. And one other feature of the BMO report is a tracking of public sector debt. On this one, Saskatchewan is one of the stars at 15.4 per cent of GDP.