Saskatoon Economic Recovery Tracker

Evaluating the progress of the Saskatoon Region economy

58.5%

Recovered

361

Number of Days Since
(March 12, 2020)

302

Number of Active Cases in Saskatoon
* Last Updated Mar. 8

1,518

Number of Active Cases in Saskatchewan:
* Last Updated Mar. 8

Economic Forecast

Saskatoon CMA Economic Forecast

Real GDP % Change Quarterly

2020 Q2

-8.92%

2020 Q3

6.92%

2020 Q4

1.17%

2021 Q1

2.03%

Expected Rebound

Mid-Q3 2020

Expected Recovery

Early 2022

83.4%

Recovery

GDP

$507.92M

* Last Updated Mar. 1

64.5%

Recovery

Employment

15,900

* Last Updated Mar. 1

73.3%

Recovery

Unemployment

* Last Updated Mar. 1

26.5%

Recovery

Participation Rate

2.70

* Last Updated Mar. 1

100.0%

Recovery

Retail Sales

$85M

* Last Updated Mar. 1

100.0%

Recovery

Mfg. Shipments

$71.79M

* Last Updated Mar. 1

56.1%

Recovery

Building Construction Investment

$59.35M

* Last Updated Mar. 1

13.8%

Recovery

Airport Passenger Traffic

113,130

* Last Updated Mar. 1

52.9%

Recovery

Hotel Occupancy Rate

25.80

* Last Updated Feb. 1

58.9%

Recovery

Active Businesses

288

* Last Updated Mar. 1

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.