Saskatoon Economic Recovery Tracker

Evaluating the progress of the Saskatoon Region economy

48.2%

Recovered

312

Number of Days Since
(March 12, 2020)

5,395

Number of Cases in Saskatoon
* Last Updated Jan. 18

20,272

Number of Cases in Saskatchewan:
* Last Updated Jan. 18

Economic Forecast

Saskatoon CMA Economic Forecast

Real GDP % Change Quarterly

2020 Q2

-11.44%

2020 Q3

3.55%

2020 Q4

2.27%

2021 Q1

3.32%

Expected Rebound

Mid-Q3 2020

Expected Recovery

Early 2022

27.4%

Recovery

GDP

$1,451.95M

* Last Updated Dec. 4

70.9%

Recovery

Employment

6,500

* Last Updated Dec. 4

78.9%

Recovery

Unemployment

* Last Updated Dec. 4

40.0%

Recovery

Participation Rate

2.10

* Last Updated Dec. 4

100.0%

Recovery

Retail Sales

$177.91M

* Last Updated Dec. 4

100.0%

Recovery

Mfg. Shipments

$0.043M

* Last Updated Dec. 4

56.1%

Recovery

Building Construction Investment

$4.26M

* Last Updated Dec. 4

18.7%

Recovery

Airport Passenger Traffic

105,435

* Last Updated Dec. 4

58.8%

Recovery

Hotel Occupancy Rate

4,260

* Last Updated Dec. 4

22.4%

Recovery

Active Businesses

472

* Last Updated Dec. 4

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.