SASKATCHEWAN ECONOMY IMPROVING, NEARING NATIONAL AVERAGE
Posted by Paul Martin on Mar 5, 2018 7:50:13 AM
One of the first economic forecasts of the year was recently unveiled.

entrepreneur-2904772_1920.jpgBMO Bank of Montreal tabled its Q1 quarterly forecast last week and it has Saskatchewan on a pace to match the country in the next 20 or 24 months.

It says we should expect growth of 1.9 per cent this year, which matches up nicely with the national average of two per cent. And next year we’ll see the same spread – one-tenth of a point – as we grow 1.7 per cent and the country adds 1.8.

These numbers are a reflection of national economy that is slowing down in their model. In the four years from 2016-19, it puts the Canadian growth track as doubling expansion from 1.4 to three per cent and back in half to 1.8.

It shows we will start generating jobs in this province next year and housing starts will be level with 5,000 in each of this year and next.

This is the one report that also tracks provincial government debt. And on this one, we are deteriorating. By the end of this fiscal year, they forecast government debt will equal 15 per cent of our GDP – up from 10 per cent just two years ago. At the same time, things are getting better in Ontario where it will fall from more than 40 per cent to 37.

source: http://www.martincharlton.ca/blog/saskatchewan-economy-improving-nearing-national-average?utm_campaign=Homepage&utm_source=hs_email&utm_medium=email&utm_content=61126101&_hsenc=p2ANqtz-_c7X01hEErPYaZVdS0OqNialbjYUXO3-L-VfR5Obv7itugScbEMU3lLGiNpfIPNNJt0hc_ttd12tdimgQdOUoPpUeD3zdjsV2cUINrRYUvjcM-SUQ&_hsmi=61126101