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“We have to be careful to kind of jump to conclusions based on one or two months of bad outcomes,” explained Marc-André Pigeon, an assistant professor in the Johnson Shoyama Graduate School of Public Policy at the University of Saskatchewan.

“The broad trend in this province is, I would say, still pretty favorable, mostly because we have a lot of very big investment projects still happening.”

Pigeon says the term “technical recession” isn’t something economists put a lot of weight on. He says it’s become part of the discourse but doesn’t provide an accurate picture of the overall economy.

He adds Saskatchewan’s political leaders going on multiple trade missions helps improve relationships, and in turn can help impact trade deals — but the billions of dollars of private investment being poured into Saskatchewan in the mining sector is limiting Saskatchewan’s economic risk.

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“We’re very fortunate to have a lot of strong natural resources here, from mining to critical minerals, to agriculture and different crops,” Erin Lawson, CEO of the Saskatoon Regional Economic Development Authority, said.

“And that allows our economy to weather storms better than some places in Canada.”

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