The Bank of Canada trimmed its key policy rate by 25 basis points on March 12 to 2.75% and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and the US’s tariffs. The bank also said it would "proceed carefully with any further changes" to rates given the need to assess both the upward pressures on inflation from higher costs and the downward pressures from weaker demand.

According to the Saskatchewan Finance in its 2025-2026 budget forecast, real GDP is predicted grow by 1.6% in 2024 and 1.8% in 2025.

Retail trade was up by 5.9 percent year-to-date in April 2025 over the same period in 2024.

• Increases were seen among new car dealers (7.5 percent), gasoline stations (10.4 percent), furniture and home furnishings stores (2.1 percent), electronics and appliance stores (13.0 percent), building material and garden equipment and supplies dealers (15.6 percent), health and personal care stores (10.9 percent), clothing and clothing accessories stores (12.1 percent), sporting goods, hobby, book and music stores (11.7 percent), grocery stores (10.4 percent), and general merchandise stores (1.3 percent).
• During the same period, declines were noted among used car dealers (-7.7 percent), beer, wine and liquor stores (-35.3 percent), and all other retail categories (-78.9 percent).

Year-to-date new motor vehicle unit sales were up by 21.6 percent in April 2025 over April 2024. Sales of new minivans, sport-utility vehicles, light and heavy trucks, vans and buses increased by 23.7 percent, while sales of new passenger cars decreased by 6.6 percent.

Wholesale trade was up by 14.0 percent year-to-date in April 2025 compared to the same period in 2024. Increases were seen in farm product merchant wholesalers (16.7 percent), food, beverage and tobacco merchant wholesalers (4.5 percent), and others not specified due to unavailable data.

Average weekly earnings in April 2025 were up by 5.6 percent over April 2024.

• Increases were reported in goods-producing industries (6.2 percent), mining, quarrying, and oil and gas extraction (11.3 percent), construction (4.3 percent), manufacturing (0.6 percent), service-producing industries (5.5 percent), trade (5.5 percent), transportation and warehousing (2.1 percent), information and cultural industries (3.9 percent), finance and insurance (10.9 percent), real estate and rental and leasing (12.4 percent), professional, scientific and technical services (3.5 percent), administrative and support, waste management and remediation services (9.8 percent), educational services (4.6 percent), health care and social assistance (3.7 percent), arts, entertainment and recreation (0.5 percent), accommodation and food services (3.8 percent), and other services except public administration (1.1 percent).
• The only sub-sector that posted a decrease was management of companies and enterprises, which saw earnings decline by 3.9 percent.

Restaurant receipts were up by 6.3 percent year-to-date in April 2025 compared to the same period in 2024. Within this category, special food services increased by 3.1 percent, full-service restaurants rose by 3.2 percent, and limited-service eating places grew by 9.6 percent.

Manufacturing sales were down by 5.4 percent year-to-date in April 2025 compared to the same period in 2024. Sub-sectors that posted increases included fabricated metal product manufacturing (1.8 percent) and all other manufacturing (5.7 percent). Sub-sectors with decreases included food manufacturing (-6.5 percent) and machinery manufacturing (-28.7 percent).

Wholesale trade was up by 14.0 percent year-to-date in April 2025 compared to the same period in 2024. Increases were seen in farm product merchant wholesalers (16.7 percent), food, beverage and tobacco merchant wholesalers (4.5 percent), and others not specified due to unavailable data.

Total international merchandise exports decreased by 0.4 percent year-to-date in May 2025 compared to May 2024.

• Sectors that posted export increases included Farm, Fishing and Intermediate Food Products (5.7 percent), Basic and Industrial Chemical, Plastic and Rubber Products (10.9 percent), Electronic and Electrical Equipment and Parts (51.5 percent), Motor Vehicles and Parts (11.7 percent), Aircraft and Other Transportation Equipment and Parts (210.0 percent), Consumer Goods (9.3 percent), and Special Transactions (5.1 percent).
• Meanwhile, exports declined in Energy Products (-6.5 percent), Metal Ores and Non-metallic Minerals (-1.6 percent), Metal and Non-metallic Mineral Products (-20.0 percent), Forestry Products and Building and Packaging Materials (-12.6 percent), and Industrial Machinery, Equipment and Parts (-1.8 percent).

Year-to-date housing starts in June 2025 were up by 1,186 units or 80.1 percent over the same period in 2024. Increases were recorded in single-detached housing (260 units or 52.8 percent), semi-detached units (36 units or 39.1 percent), row housing (262 units or 166.9 percent), and apartment and other types (628 units or 85.0 percent).

The average year-to-date Housing Price Index Benchmark Composite Price increased from $330,400 in June 2024 to $350,350 in June 2025, representing a growth of 6.0 percent.

Year-to-date building permits in May 2025 increased by 58.8 percent over the same period in 2024. Increases were observed in residential permits (52.6 percent), commercial permits (31.6 percent), and institutional and governmental permits (178.9 percent). However, industrial permits declined by 24.0 percent.

June 2025 year-to-date employment in Information, culture and recreation was up 1,783 positions or 8.6% over same period in 2024.

Q2 2025 Provincial population was up 2,660 persons or 0.2% over 2024 Q2 to 1,253,569 an all-time high. 

Driving population growth was international immigration. Net inter-provincial migration has been negative every quarter since Q2 2013.