Posted on Oct 10, 2021 4:56 PM
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Saskatoon’s economic recovery has soared to nearly 80 percent, with tracker numbers from the Saskatoon Regional Economic Development Authority (SREDA) looking encouraging across all sectors.
The increase this quarter has skyrocketed compared to last quarter when it was 67 percent.
Saskatchewan government reports leading job growth nationwide in August
Nine out of 15 economic sectors have fully recovered, which means their economic stats are back to where they were before the pandemic.
This includes active stores, retail and manufacturing deliveries.
Sask. Indigenous trade group says economic recovery is a “mixed bag”
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“This is very positive news that really increases consumer confidence, drives consumer spending and also helps the economy. So I think this top trend is recovering nearly 100 percent which is really good news for the economy and everyone who lives here, ”said Alex Fallon, CEO of the Saskatoon Regional Economic Development Authority (SREDA).
However, hospitality sectors such as travel and tourism still require economic relief.
Hotel occupancy was almost 100 percent in August, but occupancy can change depending on seasonal demand.
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