The Saskatchewan government is forecasting a deficit of $427 million at the mid-year point, but says its economy remains one of the best-performing provincial economies in Canada.

The province, which issued its 2025-26 Mid-Year Report on Tuesday, said the numbers mark a $79 million deficit increase from the first quarter. The deficit also represents a sharp drop compared to a surplus of $12 million projected in the 2025-26 budget.

“Saskatchewan’s economy remains resilient in the face of global economic uncertainty,” said Finance Minister Jim Reiter.

“The vast majority of Saskatchewan’s exports are CUSMA-compliant, and our producers have worked hard to find new markets, which has helped Saskatchewan remain in a comparatively strong economic position.”

Reiter said Saskatchewan has the lo

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