Saskatoon Economic Recovery Tracker

Evaluating the progress of the Saskatoon Region economy

85.6%

Recovered

685

Number of Days Since
(March 12, 2020)

3,785

Number of Active Cases in Saskatoon
* Last Updated January 26

12,652

Number of Active Cases in Saskatchewan:
* Last Updated January 26

Economic Forecast

Saskatoon CMA Economic Forecast

Real GDP % Change Quarterly

2021 Q2

0.32%

2021 Q3

1.43%

2021 Q4

1.14%

2022 Q1

1.36%

Expected Rebound

Mid-Q3 2020

Expected Recovery

Early 2022

95.8%

Recovery

GDP

$358M

* Last Updated January 5

100.0%

Recovery

Employment

3,600

* Last Updated January 7

100.0%

Recovery

Unemployment

* Last Updated January 7

100.0%

Recovery

Participation Rate

0.600

* Last Updated January 7

100.0%

Recovery

Retail Sales

$416M

* Last Updated January 5

100.0%

Recovery

Mfg. Shipments

$126.27M

* Last Updated January 5

70.8%

Recovery

Building Construction Investment

$37.67M

* Last Updated January 5

47.0%

Recovery

Airport Passenger Traffic

74,226

* Last Updated January 5

78.5%

Recovery

Hotel Occupancy Rate

9.90

* Last Updated January 5

100.0%

Recovery

Active Businesses

173

* Last Updated January 5

Methodology

The data used in this Tracker is sourced from Statistics Canada, Conference Board of Canada, the International Monetary Fund and industry associations. Each indicator has its own recovery percentage, which is then weighted to achieve a total recovery percentage for the economy.

Note that all data are inclusive of all businesses within their respective sectors. For example, retail sales encompasses all independent retailers, big box retailers and online sales.