GDP

Statistics Canada says the economy grew 0.3 per cent in October, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2 per cent increase in September. The agency says the growth came as services-producing industries grew 0.1 per cent for the month, marking the fifth straight month of increases.  […]

Quick Notes: National Consumer Price Index (CPI) 2.9% (May) 2.7% (April) Saskatchewan: 1.5% (May) 1.0% (April) Regina: 1.5% (May) 1.2% (April) Saskatoon: 1.5% (May) 1.4% (April) The annual inflation rate unexpectedly ticked higher in May, raising doubts about what the Bank of Canada will do when it makes its next interest rate decision in July in “bumpy and choppy” […]

The Canadian economy lost momentum after a roaring start to the year, reinforcing economists’ expectations that the Bank of Canada is on track to cut interest rates in the coming months.  Statistics Canada reported Tuesday that real gross domestic product rose 0.2 per cent in February. That followed a 0.5 per cent gain in January.  […]

The Canadian economy grew slightly in October with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Friday that the economy edged up 0.1 per cent, outperforming its preliminary estimate that real GDP would remain unchanged for the month. Growth in services-producing industries, led by gains in the […]

The Canadian economy grew at an annual rate of 3.3 per cent in the second quarter, with growth largely driven by increased business investment in inventories and household spending. Statistics Canada released its latest reports on monthly and quarterly real gross domestic product on Wednesday morning, which showed the economy grew for a fourth consecutive […]

The economic landscape in 2022 is a lot brighter for Saskatchewan as compared to 2021 according to an RBC provincial outlook. Saskatchewan is set to lead the nation with a change of 5.6 percent in the GDP. RBC Economist Robert Hogue says a reason for the growth in 2022 is because of the slower than […]

The Saskatchewan GDP dropped by 5.2 percent in 2020 according to Stats Canada, which is the biggest drop since 2009. University of Regina Associate Professor of Economics Jason Childs says while it is concerning, it’s not surprising. “We knew the public health measures were going to take a toll on economic activity, and we’ve seen […]

OTTAWA – Statistics Canada says the economy grew by 4.5% in May as businesses began to reopen after severe lock-downs of March and April. The average economist estimate was for a 3.5% increase in gross domestic product for May, according to financial data firm Refinitiv. The national data agency says rebounds in May were seen […]

Results from a study by Economic Development Regina found that small businesses are a big part of the economy in the Queen City and surrounding area. The study revealed that $10.4 billion goes towards Regina’s GDP and that small businesses account for 69.4 per cent of the regional GDP. The over 6,000 small businesses in […]