Saskatchewan has emerged as the national leader in private capital investment growth, with a 17.3% increase in 2024 compared to the previous year.
The province is also projected to lead the country in overall capital investment growth in 2025.
Trade and Export Development Minister Warren Kaeding credited Saskatchewan’s investment-friendly climate for the province’s strong performance.
"Attracting new investment and growing our existing businesses continues to be a key priority for our government, and these numbers demonstrate our province is the best place to invest in Canada," said Kaeding.
"Our investment attraction strategy is our roadmap to achieving our Growth Plan target by building 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."
Private capital investment in Saskatchewan reached $14.7 billion in 2024, the highest percentage increase among all provinces. Looking ahead to 2025, private capital investment is forecast to grow by another 10.1% to $16.2 billion, placing Saskatchewan second in the country.
Total capital investment in the province also saw significant gains, increasing by 16.9% in 2024 to $19.9 billion. In 2025, this figure is expected to rise by 10.8% to $22.1 billion, positioning Saskatchewan at the top of the nation in total capital investment growth.
These figures reflect broader economic strength in Saskatchewan. According to Statistics Canada, the province’s real GDP in 2023 reached an all-time high of $77.9 billion, marking a 2.3% increase over 2022. Saskatchewan ranked second in the country for real GDP growth, surpassing the national average of 1.6%.
Capital investment, which includes expenditures on fixed assets such as structures, machinery, and equipment, is a key economic indicator reflecting business confidence in future economic conditions.
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