X
MENU

FREE ASSESSMENT
QUICK LINKS HOME ABOUT NEWS SETTLEMENT CLIENT PORTAL CONTACT
Pay Online
Prepared by Royston Roshan; Hema Upreti; Edited by Samuel Francis Gills on October 1, 2022

The province of Saskatchewan continues to show strength in several important economic metrics and has one of the lowest unemployment rates in the nation. We had published an article on the 8th of August this year regarding the increasing employment opportunities in Saskatchewan compared to other Canadian provinces. You can read that article here.

According to recent statistics released by Statistics Canada, Saskatchewan once again leads the nation in several important measures of economic growth. In July 2022, for example, Saskatchewan led the nation in investments made in building construction, manufacturing sales, and wholesale trade. For many months, Saskatchewan‘s economy has led the country, and these data suggest that momentum is only increasing. Trade and Export Development Minister Jeremy Harrison explained that when considerable private sector investment is combined,  Saskatchewan has the food, fuel, and fertilizer that the world wants and needs, which translates into decent employment and a wonderful opportunity for our people.

While increasing by 81.8% from July 2021 to July 2022, investment in building construction saw a remarkable boost. In addition to being far higher than the national average of 14.7%, this growth was by far the largest among the provinces. In July 2022 compared to July 2021, wholesale commerce increased by 72%, which was also the greatest rise among provinces and far higher than the national average of 12.9%. The value of wholesale commerce climbed in Saskatchewan by 5.6% between June 2022 and July 2022, placing second among the provinces in terms of percentage change and much above the national average contraction of 0.6%. In July 2022 an immense $4.2 billion increase in the value of wholesale trade was seen.

 

 

The second biggest rise among the provinces and higher than the national average of 19.1 percent, manufacturing sales increased by 26.8% in July 2022 compared to July 2021. With a growth of 4.5% from month to month in manufacturing sales, Saskatchewan surpassed the national average of a 0.9% contraction and came in second place among the provinces. In July 2022, manufacturing revenue reached to $2.3 billion.

In August 2022 compared to August 2021, urban housing starts soaring in Saskatchewan by 35.6%, the second greatest upsurge among the provinces and significantly higher than the national average of 2.8%.

With 581,500 jobs in August 2022—an increase of 12,300 jobs from August 2021—Saskatchewan achieved a record high for the month.

The third lowest among the provinces and below the national average of 5.4 percent, Saskatchewan’s seasonally adjusted unemployment rate in August 2021 was 4.9%, dropping from 7.0%.

Check out Owlspriority Immigration’s Canada Settlement Resources to learn about finding employment in Canada, making your initial days stress-free, etc.


Get the latest immigration news in your inbox!

Subscribe Now!






If you have any questions, please leave us a message!





    Get the latest immigration news in your inbox!

    Subscribe Now!