Investment, commodity production expected to keep Sask. near top of provincial growth table, report says

Despite uncertain economic times, commodity production and investment-led gains are expected to keep Saskatchewan at or near the top of the provincial growth table in the immediate future, an economic report says.

Despite uncertain economic times, commodity production and investment-led gains are expected to keep Saskatchewan at or near the top of the provincial growth table in the immediate future, an economic report says.

The report – authored by principal economists for Canadian Economics at Desjardins, Marc Desormeaux and Helene Begin – says that oil, agriculture and uranium outputs are expected to continue rising in Saskatchewan.

Uranium output from Saskatchewan is expected to see a boost thanks to the 2022 restart of the McArthur River and Cigar Lake mines, the report said.

Meanwhile, staple crops are expected to lift export values thanks to China’s reopening of the market and subsequent strong prices.

“Though droughts are an ongoing risk,” the report said.

The outlook for potash however remains unclear as output is being curtailed in response to possible input product shortages.

Investment in Saskatchewan is being led by the first stage of the $7.5 billion Jansen potash mine project, the report said.