Saskatchewan’s economy continues to lead the country in several economic growth indicators..Statistics Canada showed Saskatchewan leading in investments in building construction, manufacturing sales, and wholesale trade for July 2022..“Saskatchewan’s economy has been leading the country for many months and these numbers show that momentum is only continuing,” said Trade and Export Development Minister Jeremy Harrison..“Combined with significant private sector investment, it's clear Saskatchewan has the food, fuel, and fertilizer the world wants and needs and that's translating into good jobs and incredible opportunity for the people of our province.”.Building construction increased by 81.8% in July 2022 over July 2021, which was the highest increase of any province and significantly above the national average of 14.7%..The value of the building construction investments was $474 million in July 2022..Also, the highest increase among the provinces was wholesale trade, which jumped 72% in July 2022 over July 2021 with the national average at 12.9%..Wholesale trade increased by 5.6% between June 2022 and July 2022..The value of wholesale trade was $4.2 billion in July 2022..Manufacturing sales increased by 26.8% in July 2022 over July 2021, which was the second highest among the provinces and above the 19.1% national average. .Manufacturing sales increased by 4.5% between June 2022 and July 2022..The value of manufacturing sales was $2.3 billion in July 2022..Saskatchewan had the second highest increase in urban housing starts at 35.6% in August 2022 compared to August 2021, which was above the national average of 2.8%..Saskatchewan set a provincial record of 581,500 jobs for August 2022, which is an increase of 12,300 jobs compared to August 2021..The Saskatchewan unemployment rate was the third lowest among the provinces at 4.9%.
