The Bank of Canada kept the target for the overnight rate at 2.25 percent at its December 10, 2025 announcement, following earlier cuts that brought the rate down to this level in October. In its recent communications, the Bank has indicated that the current rate is “about the right level” to keep inflation near the 2 percent target while supporting the economy through a structural adjustment period, including trade-related headwinds.

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.

June 2025 year-to-date retail trade is up by 4.6% over the same period in 2024.

• Sub-sectors that posted increases were motor vehicle and parts dealers (1.2%), building material and garden equipment and supplies dealers (31.8%), food and beverage retailers (4.5%), furniture, home furnishings, electronics and appliances retailers (10.0%), general merchandise retailers (2.3%), health and personal care retailers (11.7%), gasoline stations and fuel vendors (2.5%), clothing, clothing accessories, shoes, jewelry, luggage and leather goods retailers (13.5%), sporting goods, hobby, musical instrument, book, and miscellaneous retailers (10.6%).

July 2025 year-to-date new motor vehicle (units) sales were up 14.5% from July 2024. New minivans, sport-utility vehicles, light and heavy trucks, vans and buses sales increased by 15.6% while new passenger car sales declined by -1.6%.

July 2025 year-to-date wholesale trade was down -4.9% over the same period in 2024.

• Sub-sectors that posted increases were farm product merchant wholesalers (7.3%), food, beverage and tobacco merchant wholesalers (3.9%), motor vehicle and motor vehicle parts and accessories merchant wholesalers (0.9%), and building material and supplies merchant wholesalers (0.3%).
• Sub-sectors that posted decreases were petroleum, petroleum products, and other hydrocarbons merchant wholesalers (-3.0%), personal and household goods merchant wholesalers (-37.4%), machinery, equipment and supplies merchant wholesalers (-4.5%), and miscellaneous merchant wholesalers (-9.8%).

Year-to-date July 2025 average weekly earnings are up 4.7% over July 2024.

• Sub-sectors that posted increases were goods-producing industries (4.5%), mining, quarrying, and oil and gas extraction (8.4%), construction (3.7%), service-producing industries (4.8%), trade (4.6%), information and cultural industries (3.0%), finance and insurance (9.8%), real estate and rental and leasing (12.8%), professional, scientific and technical services (2.3%), administrative and support, waste management and remediation services (6.9%), educational services (3.4%), health care and social assistance (4.4%), arts, entertainment and recreation (3.8%), and accommodation and food services (3.6%).
• Sub-sectors that posted decreases were management of companies and enterprises (-3.8%).

July 2025 year-to-date restaurant receipts were up 6.9% over the same period in 2024. Within restaurant receipts, special food services (9.1%), full-service restaurants (3.0%), limited-service eating places (10.2%), and other categories (4.7%) increased. At the same time, declines were noted in drinking places (alcoholic beverages) (-13.8%).

July 2025 year-to-date manufacturing sales are down by -5.9% over the same period in 2024.

• Sub-sectors that posted increases were: Fabricated metal product manufacturing sales (10.8%).
• Sub-sectors that posted decreases were: Food manufacturing sales (-0.4%), Machinery manufacturing sales (-25.7%), and all other manufacturing sales (-6.5%).

July 2025 year-to-date wholesale trade was down -4.9% over the same period in 2024.

• Sub-sectors that posted increases were farm product merchant wholesalers (7.3%), food, beverage and tobacco merchant wholesalers (3.9%), motor vehicle and motor vehicle parts and accessories merchant wholesalers (0.9%), and building material and supplies merchant wholesalers (0.3%).
• Sub-sectors that posted decreases were petroleum, petroleum products, and other hydrocarbons merchant wholesalers (-3.0%), personal and household goods merchant wholesalers (-37.4%), machinery, equipment and supplies merchant wholesalers (-4.5%), and miscellaneous merchant wholesalers (-9.8%).

Total international merchandise exports were down -4.6% year-to-date August 2025 over August 2024. Sub-sectors that posted increases were electronic and electrical equipment and parts (38.0%), aircraft and other transportation equipment and parts (108.7%), consumer goods (7.3%), and special transactions (3.4%). Sub-sectors that posted decreases were farm, fishing and intermediate food products (-1.2%), energy products (-12.9%), metal and non-metallic mineral products (-27.8%), basic and industrial chemical, plastic and rubber products (-2.5%), forestry products and building and packaging materials (-23.2%), and industrial machinery, equipment and parts (-12.4%).

In September 2025, total year-to-date housing starts are up by 1,111 units or 47.7% over the same period in 2024. Year-to-date increases were observed in: singles (323 units or 45.3%), semi-detached (34 units or 25.8%), row (224 units or 77.2%), and apartment and other types (530 units or 44.5%).

The average year-to-date Housing Price Index Benchmark Composite Price is up/down from $335,729 in September 2024 to $359,186 in September 2025 or 7.0%.

June 2025 year-to-date building permits are up 21.1% over the same period in 2024. Sub-sectors that posted increases were limited to residential (23.2%) and institutional and governmental (75.6%) while only Industrial (-2.9%) posted a decline.

August 2025 year-to-date employment in Information, culture and recreation was up 1,644 positions or 7.7% over same period in 2024.

Q3 2025 Provincial population was up 2,422 persons or 0.2% over 2025 Q2 to 1,266,959 an all-time high. 

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