Strong Saskatchewan: Scotiabank Upgrades Saskatchewan’s Outlook in New Provincial Update

Strong Saskatchewan: Scotiabank Upgrades Saskatchewan’s Outlook in New Provincial Update October 15, 2020

Scotiabank Economics today upgraded its financial outlook for Saskatchewan in its new Provincial Outlook. https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.the-provinces.scotiabank-s-provincial-outlook--october-15--2020-.html

In its analysis, Scotiabank said it has “upgraded the province’s outlook over the course of the year, largely as a result of its success in containing COVID-19’s spread.”

Scotiabank also noted Saskatchewan now has the lowest debt-to-GDP ratio in the country.

Premier Scott Moe said the positive outlook from Scotiabank speaks to the government’s record of strong financial management.

“We are on the right track with our plan for a strong recovery and a balanced budget by 2024,” Moe said. “As we saw in last night’s debate, that’s a sharp contrast the Ryan Meili and the NDP, who have made $4 billion in reckless spending promises they failed to account for.

“The NDP would wreck Saskatchewan’s finances, stall the recovery, drive up the deficit and drive up your taxes. They’re a risk we can’t afford.”

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For further information:

Jim Billington
Communications Director
Saskatchewan Party Campaign
jim.billington@saskparty.com
306-359-3633