Saskatchewan Building Construction Investment and Manufacturing Sales Surge in May 2022 | News and Media - Government of Saskatchewan | Canada News Media
Investment in building construction numbers for May 2022 show Saskatchewan had the highest increase among the provinces compared to April 2022, with a 6 per cent increase. Saskatchewan’s manufacturing sales in May 2022 increased by 36.1 per cent compared to May 2021, the second highest percentage change among the provinces.
“Saskatchewan’s economy is moving forward with significant strength as we see continued growth across a range of key economic indicators and more people working in our province than ever before,” Trade and Export Development Minster Jeremy Harrison said. “Our Government will continue to focus on growing our economy and ensuring that Saskatchewan is the best place in Canada for businesses and workers to be.”
Compared to May 2021, investment in building construction in Saskatchewan grew by 16 per cent, third in terms of percentage change among the provinces. Nationally, building construction investment fell by 0.2 per cent in May 2022 compared to the previous month, and increased by 8.8 per cent compared to May 2021.
In May 2022, the value of Saskatchewan’s manufacturing sales increased by 2.5 per cent from April 2022, the third highest percentage change among the provinces. The total value of Saskatchewan’s manufacturing sales in May 2022 was approximately $2.2 billion.
In May 2022, another key economic indicator for Saskatchewan, merchandise exports increased by 55 per cent compared to May 2021. This was the second highest increase in the country. Merchandise exports grew to $4.9 billion, a jump of 22.7 per cent compared to April 2022, placing the province second in both year-over-year and month-to-month export growth across all provinces.
Statistics Canada’s Labour Force Survey for June 2022 showed Saskatchewan’s seasonally adjusted unemployment rate fell to 3.9 per cent, the second lowest among the provinces and the lowest for the province since November 2014. For two consecutive months, several all-time employment records were reached, including overall employment (592,900), female employment (276,300), off-reserve Indigenous employment (67,400), and off-reserve Indigenous full-time employment (55,700).
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For more information, contact:
Jill Stroeder Trade and Export Development Phone: 306-787-6315 Email: Jill.stroeder@gov.sk.ca
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
