WILL 2015 BE 2009 REVISITED?
Perhaps the Saskatchewan economy will react to the 2014 drop in oil prices the same way as it did to the one in 2008. If so, we can expect a sharp drop in most economic indicators for 2015 but an equally strong recovery in 2016.
BUILDING PERMITS IN 2014
The value of residential and non-residential building permits fell by 16% in 2014. The decline follows two years of activity in excess of $3 billion. The slowdown was most pronounced in the residential sector and in Saskatoon.
CONSUMER PRICE INFLATION IN 2014
The rate of inflation was 2.4% in 2014 with higher rates of inflation for groceries (especially beef) and household operations (especially your water bill). The inflation rate in 2015 will be lower.
View Key Economic Indicators
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