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.

Year-to-date retail trade in March 2025 was up by 6.6% over the same period in 2024.

•  Increases were noted among new car dealers (230.2%), gasoline stations (13.6%), furniture and home furnishings stores (3.6%), electronics and appliance stores (8.8%), building material and garden equipment and supplies dealers (1.8%), health and personal care stores (11.1%), clothing and clothing accessories stores (10.4%), sporting goods, hobby, book and music stores (8.8%), grocery stores (13.6%), and general merchandise stores (2.7%).
• During the same time, used car dealers (-11.5%), beer, wine and liquor stores (-37.1%), and all other categories (-79.0%) posted declines.

Year-to-date new motor vehicle sales in March 2025 were up by 18.6% from March 2024. Sales of new minivans, sport-utility vehicles, light and heavy trucks, vans and buses were up by 18.3%, while new passenger car sales were also up by 22.5%.

Estimated March 2025 year-to-date wholesale trade was up by 24.3% over the same period in 2024. Farm product merchant wholesalers increased by 1.0%, while food, beverage and tobacco merchant wholesalers rose by 8.2%, and personal and household goods merchant wholesalers increased by 4.6%.

Average weekly earnings year-to-date in March 2025 were up by 5.9% over March 2024.

• Increases were seen in goods-producing industries (7.4%), mining, quarrying, and oil and gas extraction (13.7%), construction (4.6%), manufacturing (0.5%), service-producing industries (5.6%), trade (6.0%), transportation and warehousing (3.1%), information and cultural industries (3.8%), finance and insurance (10.8%), real estate and rental and leasing (11.9%), professional, scientific and technical services (3.8%), administrative and support, waste management and remediation services (11.4%), educational services (5.2%), health care and social assistance (3.2%), arts, entertainment and recreation (1.0%), accommodation and food services (2.7%), and other services except public administration (0.3%).
• The only sector to post a decrease was management of companies and enterprises, which fell by 2.9%.

Year-to-date restaurant receipts in March 2025 were up by 3.2% over the same period in 2024. Within restaurant receipts, special food services increased by 3.7%, drinking places (alcoholic beverages) by 3.2%, full-service restaurants by 2.3%, and limited-service eating places by 3.3%. At the same time, declines were noted in other categories.

March 2025 year-to-date manufacturing sales were down by -5.4% over the same period in 2024. Chemical manufacturing sales were not available, but fabricated metal product manufacturing sales increased by 0.3%. Food manufacturing sales declined by 2.9%, machinery manufacturing sales fell by 30.3%, and all other manufacturing sales dropped by 1.2%.

Estimated March 2025 year-to-date wholesale trade was up by 24.3% over the same period in 2024. Farm product merchant wholesalers increased by 1.0%, while food, beverage and tobacco merchant wholesalers rose by 8.2%, and personal and household goods merchant wholesalers increased by 4.6%.

Total international merchandise exports were up by 2.3% year-to-date in April 2025 compared to April 2024.

• Sectors that posted increases included farm, fishing and intermediate food products (7.0%), basic and industrial chemical, plastic and rubber products (15.7%), industrial machinery, equipment and parts (2.5%), electronic and electrical equipment and parts (60.4%), motor vehicles and parts (4.8%), aircraft and other transportation equipment and parts (307.2%), consumer goods (11.0%), and special transactions (5.7%).
• Sectors that posted decreases included energy products (0.0%), metal ores and non-metallic minerals (-2.7%), metal and non-metallic mineral products (-19.2%), and forestry products and building and packaging materials (-9.5%).

In May 2025, total year-to-date housing starts were up by 1,177 units, or 105.7%, compared to the same period in 2024. Year-to-date increases were observed in singles (259 units or 75.5%), semi-detached (58 units or 107.4%), row housing (229 units or 186.2%), and apartments and other types (631 units or 106.2%). 

The average year-to-date Housing Price Index Benchmark Composite Price rose from $330,400 in May 2024 to $350,350 in May 2025.

April 2025 year-to-date building permits increased by 79.6% over the same period in 2024. The residential sector posted an increase of 111.0%, commercial permits rose by 0.3%, and institutional and governmental permits surged by 384.9%. However, industrial permits declined by 74.9%.

May 2025 year-to-date employment in Information, culture and recreation was up 1,760 positions or 8.6% over same period in 2024.

Q2 2025 Provincial population was up 20,501 persons or 1.7% over 2024 Q2 to 1,253,569. an all-time high. 

Driving population growth was post-COVID resurgent international immigration as borders re-opened. Net inter-provincial migration has been negative every quarter since Q2 2013.