The Saskatchewan Economic Outlook: On Solid Footing

Transcription

1 The Saskatchewan Economic Outlook: On Solid Footing Saskatchewan Real Estate Forum Mario Lefebvre Director, Centre for Municipal Studies The Conference Board of Canada April 30,

2 Saskatchewan Outlook Highlights Saskatchewan is enjoying a period of solid economic prosperity Economic growth is anchored by large-scale potash development and steady gains in energy sector But the domestic side of the economy is also strong, as the province continues to attract people, mainly new international migrants To top it all off, Saskatchewan is in an enviable fiscal position The provinces census metropolitan areas of Regina and Saskatoon are at the top of the growth leader board as well. 2 2

3 Labour Market: Saskatchewan ( ) Employment (000s) Unemployment Rate Source: Statistics Canada. 3

4 Employment Growth: Saskatchewan ( ) f 2014f 4 4

5 Unemployment Rate: Saskatchewan ( ) f 2014f 5 5

6 Disposable Income Growth: Saskatchewan ( ) e 2013f 2014f 6 6

7 Retail Sales Growth: Saskatchewan ( ) f 2014f 7 7

8 Population Growth: Saskatchewan ( ) f 16f 8 8

9 Interprovincial and International Migration: Saskatchewan ( ) 15,000 Net Interprovincial Net International 10,000 5, ,000-10,000-15, Source: Statistics Canada. 9

10 Housing Starts: Saskatchewan ( ) 12,000 10,000 8,000 6,000 4,000 2, f 2014f 10 Sources: The Conference Board of Canada; CMHC. 10

11 Investment: Saskatchewan (percentage change, $2002) Private Non-Res Non-Energy Private Non-res Energy e 2013f 2014f 11 11

12 Construction Output: Saskatchewan (percentage change, 2007$) e 2013f 2014f 12 12

13 Agriculture Output: Saskatchewan (percentage change, 2007$) e 2013f 2014f 13 13

14 Mining Output: Saskatchewan (percentage change, 2007$) Total Mining Non-metal Support Activities for Mining Metal Mineral Fuel e 2013f 2014f

15 Goods Output: Saskatchewan (percentage change, 2007$) e 2013f 2014f 15 15

16 Services Output: Saskatchewan (percentage change, 2007$) e 2013f 2014f 16 16

17 Real GDP: Saskatchewan (percentage change, basic prices, 2007$) e 2013f 2014f 17 17

18 2013 Real GDP Growth (percentage change, basic prices, 2007 $) NL SK AB MB BC ON Canada NB NS PEI QC 18 18

19 2014 Real GDP Growth (percentage change, basic prices, 2007 $) AB SK BC ON NS Canada MB QC NB PEI NL 19 19

20 Regina and Saskatoon vs. the East (Real GDP Growth, 2013) Regina Saskatoon Toronto Halifax Hamilton Montréal Québec Ottawa-Gatineau Source: The Conference Board of Canada. 20

21 Regina and Saskatoon vs. the West (Real GDP Growth, 2013) Edmonton Regina Saskatoon Calgary Vancouver Winnipeg Victoria 21 Source: The Conference Board of Canada. 21

22 Regina and Saskatoon vs. the East (Real GDP Growth, ) Saskatoon Regina Toronto Montréal Hamilton Halifax Ottawa-Gatineau Québec Source: The Conference Board of Canada. 22

23 Regina and Saskatoon vs. the West (Real GDP Growth, ) Calgary Edmonton Saskatoon Regina Vancouver Winnipeg Victoria 23 Source: The Conference Board of Canada. 23

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