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SREDA

The Saskatoon Region is home to many world-class resources. Saskatchewan is Canada’s leading agricultural exporter and second largest oil producer. The province is also the world’s top potash producer and supplier of uranium.

Mining & Energy

Saskatchewan’s mining sector in 2015 generated $8.2 billion in GDP and accounted for 21% of the province’s total GDP.

Mining Sector Facts:

Potash

  • Saskatchewan is the largest potash producer in the world with 45% of known global reserves.
  • In 2015, the province’s potash industry produced a cumulative record of 18.2 million tonnes KCI between three mining companies.
  • In 2014, Saskatchewan potash sales were valued at over $5.7 billion and amounted to 31% of the value of total global sales.

Uranium

  • Canada is a leading world uranium producer with 16% of the world’s production.
  • Uranium exports add approximately $1.2 billion to the Canadian economy.
  • In 2015, Saskatchewan uranium production totaled 34.6 million pounds U308.
  • Cameco Corporation, located in Saskatoon, is one of the world’s largest uranium producers, a significant supplier of conversion services and one of two Candu fuel manufactures in Canada.
  • Saskatchewan is home to the world’s highest grade uranium mine located in Cigar Lake.

Other Minerals

  • Kimberlite (a potentially diamond-bearing rock) has been found in many areas throughout the province.
  • Fort à la Corne Kimberlite Field is ranked as one of the largest bodies for kimberlite mining in the world, and there has been recent discoveries in northwest Saskatchewan highlighted the province’s potential as a diamond producer.
  • Saskatchewan also has deposits of gold, copper, zinc, nickel, rare earth minerals and platinum group elements.

Energy Sector Facts:

  • Saskatchewan’s energy sectors predominantly consist of oil and natural gas.
  • In 2015, the combined value of oil and gas production was $8 billion.
  • Saskatchewan produces 33% of Canada’s primary energy.
  • Saskatchewan is the second largest oil producer for Canada, accounting for 13% of Canada’s total crude oil production.
  • In 2014, Saskatchewan produced a record 188.1 million barrels of crude oil which made the province the 6th largest producer of crude oil in North America.
  • In 2015, Saskatchewan produced 205.6 billion cubic feet of natural gas, making the province the third-largest natural gas producing province.
  • The oil and gas sector accounts for 15% of the total GDP for the province.
  • Approximately 33,000 direct and indirect jobs, $5.6 billion in capital investment and over $1.46 billion in provincial revenues is created by the oil and gas industry.

Agriculture

Saskatchewan is known for its prairies and has some of the most fertile and productive land in the world. The province is home to more than 40% of Canada’s farmable land.

  • Saskatchewan supplies more than a third of the world’s total exported durum wheat, making it Canada’s most important grain-producing region.
  • The province is the world’s top exporter of lentils and dried peas.
  • Saskatchewan produces nearly half of Canada’s canola.
  • Within Canada, Saskatchewan is second only to Alberta in cattle production, generating about $1 billion annually.
  • In 2015, Saskatchewan set a record for agri-food exports with total sales of $15.3 billion, making it Canada’s top agri-food exporting province.
  • The agri-food sector accounts for 40% of Saskatchewan’s exports.

Forestry

Forest covers 34 million hectares of land in Saskatchewan, and is the second largest industry in the northern parts of the province.

  • Saskatchewan’s forestry industry produces $1 billion in product sales and directly employs 4,000 people who work in seven active mills.
  • In 2016, Saskatchewan forestry exports totaled was $800 million.

Manufacturing

Manufacturing is a key component of Saskatchewan’s economy, representing 7% of the province’s GDP. Saskatchewan’s strong resource sector has created many opportunities for Saskatchewan supplier companies to provide solutions to local companies and companies around the world.

  • Saskatchewan’s manufacturing sector represents 1,776 companies and about 28,000 employees.
  • Saskatchewan manufactures have achieved many world firsts in satellite communication technology, dry-land farming equipment and mining machinery and robotics.
  • Saskatoon is home to the Saskatchewan Manufacturing Centre of Excellence, a centre that provides manufacturers with the resources, services and leadership necessary to continue to be competitive in both global and domestic markets.

Retail & Wholesale

Retail Sector Facts:

  • According to Statistics Canada’s National Economic, the Retail Trade industry accounted for approximately 4.1% of Saskatchewan’s Gross Domestic Product in 2013, down from 4.7% in 2007.
  • Its contribution to Saskatchewan’s total employment has had slow growth from 10.8% in 2006, to 11.2% in 2016.
  • Total employment (the total number of employees and self-employed people, 15 years and over) in 2016 was 7.1% higher than its level in 2011.
  • Over the last 10 years, employment increased by 9,053 from 2006, a 14.0% increase. There were 65,477 employed in the industry in 2016.

Wholesale Sector Facts:

  • According to Statistics Canada’s National Economic Accounts, the Wholesale Trade industry accounted for approximately 4.8% of Saskatchewan’s Gross Domestic Product in 2013, up from 4.6% in 2006.
  • Its contribution to Saskatchewan’s total employment increased from 3.7% in 2009 to 4.1% in 2016.
  • Total employment (the total number of employees and self-employed people,) in 2016 was 7% higher than its level in 2009. Over the last 7 years, employment increased by 4,193 from 2009, a 17.2% increase. There were 24,376 employed in the industry in 2016.

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