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 for February 2025 year-to-date was up by 5.1 percent over the same period in 2024.

• Sub-sectors with increases included New Car Dealers with a 96.8 percent rise, Gasoline Stations up 15.7 percent, Furniture and Home Furnishings Stores up 7.9 percent, and Electronics and Appliance Stores up 5.9 percent. Building Material and Garden Equipment and Supplies Dealers increased by 1.8 percent. Health and Personal Care Stores were up 10.2 percent, Clothing and Clothing Accessories Stores rose by 10.0 percent, and Sporting Goods, Hobby, Book and Music Stores increased by 8.4 percent. Grocery Stores rose 15.7 percent, and General Merchandise Stores increased by 4.1 percent.
• However, Used Car Dealers declined by 17.7 percent, Beer, Wine and Liquor Stores dropped by 36.5 percent, and the "All Other" category declined by 75.7 percent.

Year-to-date new motor vehicle sales in February 2025 increased by 18.6 percent from February 2024. Sales of new minivans, sport-utility vehicles, light and heavy trucks, vans, and buses rose by 18.3 percent. Sales of new passenger cars also increased by 22.5 percent.

Total wholesale trade as of February 2025 year-to-date was not reported.

• Farm Product Merchant Wholesalers increased by 1.0 percent. Data for Farm Product Merchant Wholesalers excluding oilseed and grain, Petroleum and Petroleum Products Merchant Wholesalers, and Motor Vehicle and Parts Wholesalers was not available.
• Food, Beverage and Tobacco Merchant Wholesalers rose by 8.2 percent, and Personal and Household Goods Merchant Wholesalers increased by 4.6 percent.

Average weekly earnings year-to-date in February 2025 were up by 6.6 percent compared to February 2024.

• Sub-sectors that posted increases included Goods-Producing Industries (7.1 percent), Mining, Quarrying, and Oil and Gas Extraction (14.6 percent), Construction (3.5 percent), and Service-Producing Industries (6.6 percent). Other increases were observed in Trade (7.6 percent), Transportation and Warehousing (3.0 percent), Information and Cultural Industries (5.7 percent), Finance and Insurance (13.2 percent), Real Estate and Rental and Leasing (9.5 percent), Professional, Scientific and Technical Services (4.9 percent), Administrative and Support, Waste Management and Remediation Services (11.0 percent), Educational Services (6.9 percent), Health Care and Social Assistance (3.5 percent), Arts, Entertainment and Recreation (3.8 percent), Accommodation and Food Services (1.1 percent), and Other Services (except Public Administration) (1.8 percent).
• Sub-sectors that posted decreases included Manufacturing, which was down by 0.2 percent, and Management of Companies and Enterprises, which declined by 1.2 percent. 

Year-to-date restaurant receipts in February 2025 increased by 4.1 percent compared to the same period in 2024.

• Within restaurant receipts, Special Food Services increased by 3.0 percent, Full-Service Restaurants rose by 1.3 percent, and Limited-Service Eating Places increased by 7.0 percent.
• At the same time, declines were noted in Drinking Places (Alcoholic Beverages), which fell by 13.6 percent. 

Manufacturing sales for February 2025 year-to-date were down by 5.1 percent over the same period in 2024. Chemical Manufacturing sales were not available (na), but Fabricated Metal Product Manufacturing Sales rose by 1.6 percent, and All Other Manufacturing Sales increased by 0.7 percent. Food Manufacturing Sales declined by 4.4 percent, and Machinery Manufacturing Sales fell by 30.6 percent.

Total wholesale trade as of February 2025 year-to-date was not reported. Farm Product Merchant Wholesalers increased by 1.0 percent. Data for Farm Product Merchant Wholesalers excluding oilseed and grain, Petroleum and Petroleum Products Merchant Wholesalers, and Motor Vehicle and Parts Wholesalers was not available. Food, Beverage and Tobacco Merchant Wholesalers rose by 8.2 percent, and Personal and Household Goods Merchant Wholesalers increased by 4.6 percent.

Total international merchandise exports were up by 4.2 percent year-to-date as of March 2025 compared to March 2024.

• Sectors that experienced increases included Farm, Fishing, and Intermediate Food Products, which rose by 8.5 percent, and Energy Products, which increased by 1.9 percent. Basic and Industrial Chemical, Plastic and Rubber Products rose by 38.2 percent, Industrial Machinery, Equipment and Parts increased by 13.1 percent, and Electronic and Electrical Equipment and Parts rose by 85.9 percent. Motor Vehicles and Parts rose by 20.0 percent, Aircraft and Other Transportation Equipment and Parts increased dramatically by 341.8 percent, Consumer Goods were up 7.8 percent, and Special Transactions rose by 9.1 percent.
• Decreases were noted in Metal Ores and Non-Metallic Minerals, which fell by 2.9 percent, and Metal and Non-Metallic Mineral Products, which declined by 22.7 percent. Forestry Products and Building and Packaging Materials also saw a decrease of 1.5 percent.

As of April 2025, total year-to-date housing starts were up by 869 units, representing an 89.8 percent change compared to the same period in 2024. Year-to-date increases were observed in several housing types. Single-unit housing starts increased by 189 units, or 80.1 percent. Semi-detached units rose by 40 units, or 87.0 percent. Row housing increased by 220 units, or 200.0 percent. Apartment and other types rose by 420 units, or 72.9 percent. 

The average year-to-date Housing Price Index Benchmark Composite Price rose from $327,700 in April 2024 to $346,967 in April 2025, a change of 5.9 percent.

Year-to-date building permits in March 2025 increased by 88.9 percent compared to March 2024. Sub-sectors that posted increases included residential buildings, which rose by 131.4 percent, and institutional and governmental buildings, which increased by 596.2 percent. At the same time, industrial permits declined by 91.2 percent, and commercial permits decreased by 27.5 percent.

April 2025 year-to-date employment in Information, culture and recreation was up 1,475 positions or 7.3% over same period in 2024.

Q1 2025 Provincial population was up 26,989 persons or 2.2% over 2024 Q4 to 1,250,609. 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.