Southern Saskatchewan is a major producer of wheat in Canada and is known as the “breadbasket” of the country. Although agriculture is still a major part of the province’s economy, the minerals industry, particularly in the production of potash and uranium, has grown significantly in recent years. Additionally, petroleum production is also on the rise. The two largest cities in the province, Saskatoon and Regina, have thriving economies. The province has a special immigration program called the Saskatchewan Immigrant Nominee Program (SINP), which is designed to meet the province’s need for a strong labor force as well as entrepreneurs and business leaders. The program has three streams, including the International Skilled Worker Stream, Entrepreneur and Farm Category, and the Experience Category. Additionally, the province also offers business immigration options for individuals with business interests in the province, and their family members can also apply for permanent residency.
Statistics Canada recently announced that in December 2022, Saskatchewan saw a significant increase in economic growth, with an additional 7,700 jobs compared to December 2021, and a month-over-month increase of 4,200 jobs. The province’s Minister of Immigration and Career Training Jeremy Harrison stated that the year 2022 was a prosperous one for Saskatchewan, with record population gains and a large increase in job opportunities. The unemployment rate in the province also dropped to 4.1% from 5.5% in December 2021, making it the second lowest among all Canadian provinces, and below the national average of 5.0%. Additionally, the population of individuals aged 15 and over in Saskatchewan reached an all-time high of 910,000, and the off-reserve Indigenous population in the same age group also hit a record high of 110,200.
Saskatchewan set several new records in December 2022, including the highest employment rate at 573,600, the most full-time employment at 462,800, and the most female employment at 271,700. Additionally, the off-reserve Indigenous employment rate reached 60,400, with a record low unemployment rate of 7.2%. Indigenous employment also increased by 4.9% compared to the previous year, marking 25 consecutive months of year-over-year increases. In major cities, Regina and Saskatoon both saw employment increases of 1.8% and 1.6% respectively. Significant gains were also seen in certain industries, such as health care and social assistance, other services, and information, culture and recreation. Saskatchewan has also seen strong growth in other key economic indicators, leading the nation in October 2022 manufacturing sales with a 7.4% increase, a 9% increase in retail trade, a 46.7% jump in wholesale trade, and a 39.3% increase in building construction compared to October 2021. Furthermore, the province’s merchandise exports had the second highest increase by 44.5% to over $5 billion in November 2022 when compared to 2021.
Contact us today to know if you qualify to migrate to Canada. Check out Owlspriority Immigration’s Canada Settlement Resources to learn about finding employment in Canada, making your initial days stress-free, etc.
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