2023 will be a challenging year for Canada — both economically and politically — however Saskatchewan will weather the headwinds better than most jurisdictions.
Most economic forecasts point to a Canadian economy slowing down with high interest rates continuing to impact household budgets throughout the year.
Economically, Saskatchewan will continue to outperform most other provinces due to the demand for our natural resources and agriculture products. Provincial trade missions and offices will begin to see the payoff in those investments with new markets opening up for Saskatchewan businesses.
Saskatchewan does not head to the polls until the fall of 2024 and will not see significant political upheaval this year with the exception of a major Cabinet shuffle.
The frontbench of government will see significant retirements from veterans who will decide to not run in the next provincial election. Watch for an election-ready Cabinet to be put in place this year in preparation for next year’s fall election.
Federally, we will see an election sometime this year. Currently the polls reflect the same results of the previous election. The country remains politically divided and the strength of the federal NDP will be the deciding factor on who gets to govern.
Alberta, Manitoba and Prince Edward Island will have elections this year as well. Watch for the UCP to be re-elected in Alberta, the Progressive Conservatives defeated in Manitoba and P.E.I remain within the Tory fold.