2017 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 2017 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 Industrial 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 seems is holding its own. Statistics Canada puts Moose Jaw leading the provincial pack in terms of employment, with the number employed in February 2017 up by an astounding 1,500 people (8.7%) compared to those employed in February 2016.

According to Stats Canada, in November 2016 the Swift Current -Moose Jaw
Labour Force Region had one of the lowest unemployment rates in the entire country at 3.4 per cent, up from 3 per cent a year earlier.

In terms of new business start-ups, 2017 is showing record performance with the average number of new business starts 25.3 per month. This is the strongest pace for some time indicating renewed confidence in the local economy. Last year there were 272 new business starts compared to only 174 in 2015. 2017’s impressive performance has already outpaced the record set in 2016 with an average of  22.7 business starts per month.

City of Moose Jaw Business Licenses