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Saskatchewan: Economy

The principle industries of Saskatchewan are agriculture, mining, construction, manufacturing, oil and petroleum, and tourism. Saskatchewan produces over 54% of the wheat grown in Canada. The province remains primarily dependent upon the farm economy with agriculture, in good years, generating close to $2 billion annually. The service-based sectors such as finance, insurance and real estate are also significant.

Northern Saskatchewan's 350 000 km2 of forests are the province's most important renewable natural resource. Softwoods (coniferous trees) are the focal point of forestry development. Saskatchewan is also rich in minerals, potash, uranium, coal, oil and natural gas. Saskatchewan produces about 12 percent of Canada's total oil output. In addition, with an estimated two-thirds of the world's reserves, Saskatchewan is the leading exporter of potash