Hot Commodities Bring New Investment: Saskatchewan’s Two-Year Outlook—April 2022

Document Highlights

With surging commodity prices and an agricultural rebound in store, we expect Saskatchewan’s real GDP growth to be second-best in the nation in both 2022 and 2023.

A host of investment projects will be breaking ground over the next two years, and we expect real business investment to grow by 4.4 per cent in 2022 and 5.3 per cent in 2023.

Saskatchewan had the lowest inflation in the country in 2021, but price growth in 2022 will eat away at the wage gains from the past two years.

Real exports from the province will increase by 5.9 per cent this year, snapping a three-year streak of declines.