REGINA – The Government of Saskatchewan ranked first in building construction investment according to Statistics Canada’s June 2022 building construction investment figures.
The province posted a 63% increase (seasonally adjusted) from June 2021, ranking first in terms of percentage change.
Saskatchewan also saw strong month-over-month growth in building construction investment, with a 17.6% increase between May and June 2022 and building construction investment value in June 2022 of $464 million, the highest monthly investment in the province since August 2013, a provincial government statement said.
“Saskatchewan’s economy is moving forward at full speed as we advance our government’s strategy to grow our exports and attract investment to the province. Saskatchewan is a global leader in sustainably producing the food, fuel and fertilizer the world needs, a reality that will lead to more jobs and opportunities in our province for years to come” said Jeremy Harrison, provincial trade and export development minister. , in a press release.
Statistics Canada’s most recent labor force survey indicated that there were 581,600 people employed in July 2022, an increase of 24,400 jobs (+4.4%) from July 2021, placing the Saskatchewan has the third highest percentage increase among the provinces.
The release also said Saskatchewan ranks highly in other key economic indicators, including June 2022 merchandise exports, which posted the second-highest year-over-year growth among provinces at 57. .3%, and June 2022 building permits, which recorded the second highest month. month-over-month growth among provinces at 15.8% and the third highest year-over-year growth at 27.4%.