2018 Economic Outlook

In the past several years Moose Jaw has experienced sustained growth in virtually
every category: population, building permits, housing starts, investment and job formation. Moose Jaw’s economy is lucky to have avoided the kinds of cutbacks being experienced everywhere else in the province as it does not rely directly on the oil and gas sector. In fact, Moose Jaw’s economy continues to perform well thanks to vast reserves of high quality potash and agricultural lands. Moose Jaw’s economy is expected to remain stable in 2018 thanks to companies like AgroCorp moving its Canadian headquarters to Moose Jaw. World class companies like CAE, a Montreal based company that provides NATO Flying Training in Moose Jaw at 15 Wing, has helped drive the local economy recently announcing new contracts and an extension of the RCAF training to 2023 with an optional one year extension to 2024. Canadian Protein Innovation project is providing the foundation for continued industrial investment in the city. Locally fundamentals for growth are expected to continue and the local economy should grow.

The spin off from several world class companies operating in the Moose Jaw Regina Economic Corridor, such as Mosaic® Potash, Yara,
Terra Grains and K+S Potash, is helping sustain the vibrancy of the local economy. In fact,
Moose Jaw is holding its own. Statistics Canada puts Moose Jaw leading the provincial pack in terms of employment.

 

According to Stats Canada, in June 2017 the Swift Current - Moose Jaw Labour Force Region had one of the lowest unemployment rates in the entire country at 4.6 per cent, up from 3.4 per cent a year earlier.

In terms of new business start-ups, 2017 showed a strong performance with the average number of new business starts at 21.3 average business licenses issued per month. This continues to be a strong pace for some time indicating renewed confidence in the local economy, contributing to the city’s record high growth in employment numbers recorded in 2017. Last year there were 256 new business starts with net new businesses at 119 in 2017, with an average of 21.3 business starts per month.

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