SaskParty on The Economy

The Saskatchewan Party will ensure our province continues to grow. That means more good jobs, more investment, more opportunities, growing export markets, and growing vibrant communities.

  • Nearly 100,000 jobs added in Saskatchewan since 2007, including 22,900 new jobs in the past year alone (July 2023 to July 2024). This is in stark contrast to the NDP who had the worst job creation record in Canada from 1995 to 2007.
  • Saskatchewan experienced economic growth of over 27% between 2007 and 2023. Saskatchewan's 2023 real GDP reached an all-time high of $77.9 billion, increasing by $1.2 billion. This places Saskatchewan second in the nation for real GDP growth, and above the national average of 1.2%. Saskatchewan is forecast to have among the top economic growth rates in Canada in 2024 and 2025.
  • Our province has what the world needs. Since 2007, the value of Saskatchewan’s exports went from $20 billion under the NDP to almost $50 billion in 2023, an increase of 150%. 
  • Saskatchewan's network of nine international trade and investment offices are instrumental in connecting the province to global markets, which, in turn, benefits the local business community. 
  • $14.1 billion in expected private capital investment in 2024, an increase of 14.4%, first in Canada.
  • Saskatchewan's removal of the carbon tax off of home gas and electric heating is saving families $400/year and keeping inflation in check.

The Saskatchewan Party government believes that a strong economy allows us to make record investments into our schools, roads and hospitals.

“Saskatchewan’s economy holds much long-term potential…Led by strong population gains, demographics are an economic strongpoint. This depicts a positive turnaround compared with Saskatchewan’s declining population from the 1990s.”

Deloitte, April 2024

Growing the Labour Market

Under the Saskatchewan Party, our province is growing at its fastest rate in a century. So too are the number of high-quality jobs across the province.

Saskatchewan’s remarkable growth since 2007 has led to nearly 100,000 jobs and one of the lowest sustained unemployment rates in the country. Saskatchewan is leading the nation in private sector investment growth through investments like BHP Billiton’s Jansen Potash Mine and Cargill’s Regina Canola Crush Plant.

A Saskatchewan Party Government will continue to implement the Building the Workforce for a Growing Economy through a focus on three main pillars:

Preparing Saskatchewan People for Jobs

To ensure Saskatchewan people have the skills to fill high-demand positions, per Saskatchewan Party Government is investing – $306.5 million in 2023-24 – in labour market programming.

Recognizing Skills in Saskatchewan

Saskatchewan’s strength has always been its people. It is unacceptable to have internationally trained doctors or tradespeople from one part of Canada unable to practice their profession or trade in Saskatchewan. A Saskatchewan Party Government will assist people to get to work in their chosen fields as quickly as possible.

International Recruitment

Under the Saskatchewan Party Government, nearly 179,000 newcomers from 186 countries arrived in approximately 455 Saskatchewan communities across the province. The Saskatchewan Immigrant Nominee Program supports workforce development by attracting international skilled workers to in-demand occupations.

Attracting Investment

Our province has what the world needs. Since 2007, the value of Saskatchewan’s exports went from $20 billion under the NDP to nearly $50 billion in 2023, an increase of 150%. Exports for the 2022 and 2023 years exceeded $100 billion combined for the first time ever in a two-year period, a 52.2% increase from the previous two-year period of 2020-2021.

The Saskatchewan Party government is committed to implementing Saskatchewan's Investment Attraction Strategy aiming to advance the Saskatchewan's Growth Plan goal of $16 billion in private capital investment annually.

The strategy is built on the Saskatchewan Advantage, which includes a competitive business environment, low tax and utility rates, a transparent and predictable regulatory environment, a strong suite of incentives and a network of nine international offices that connect Saskatchewan to the world.

  • Saskatchewan Critical Minerals Innovation Incentive: supports innovation commercialization projects that target emerging critical minerals including helium, lithium, rare earth elements.
  • Saskatchewan Critical Minerals Processing Investment Incentive: support the development of critical mineral processing in our province, creating value-added jobs in our communities.
  • Saskatchewan Multi-lateral Well Program: jump-starting investment into new sustainable drilling technology that will increase oil production.
  • Saskatchewan Technology Start-up Incentive: attracting private capital investments into Saskatchewan technology startups.
  • Saskatchewan Value-Added Agriculture Incentive: creating jobs by attracting investment into newly constructed or expanded value-added agriculture facilities like canola crush plants.

“Saskatchewan’s economy holds much long-term potential…Led by strong population gains, demographics are an economic strongpoint. This depicts a positive turnaround compared with Saskatchewan’s declining population from the 1990s.”
Deloitte, April 2024