Sectors of Strength
You may have heard: Saskatoon is booming and it’s true. The city is the largest in Saskatchewan, a province that boasts one of Western Canada’s most diversified economies.
Saskatoon ranks near the top in a group of Canada’s fastest growing cities. We’ve worked hard to earn the “Science City” reputation, and as you’ll see, our diverse economy helps drive Saskatchewan forward and keep Canada competitive.
Saskatchewan is home to more than 40% of Canada’s cultivated farmland – some of the most productive land in the world. Saskatchewan’s diverse agriculture and agri-food sector has an international reputation for high-quality food and ingredients. The province is Canada’s largest agri-food products exporter.
Projections show that food production must double by 2050 to feed the world's growing population. We are working to strengthen Saskatchewan's agricultural leadership with new science, technology and policies to help feed a hungry world adequately, safely and sustainably. Cutting-edge agricultural research clusters have made Saskatoon a world leader in the field.
- Global Institute for Food Security (GIFS) – focuses on research and technology development that has the potential to improve agriculture in the developed and developing world.
- Canadian Feed Research Centre - develops and commercializes new and better high-value animal feeds from low-value crops from bioprocessing and biofuels industries.
- Crop Development Centre – improves economic returns for farmers and Western Canada’s agriculture industry by improving existing crops, creating new uses for traditional crops and developing new crops.
- Livestock and Forage Centre – designed to address forage, cow-calf, beef cattle, and environmental needs.
- Protein Industries Canada (PIC) – named as one of five Innovation Super Cluster Initiatives to share in $950 million in federal funding. A Saskatoon-based consortium played a major role in securing the funding for PIC, which is focussed on developing more efficient, plant-based proteins. PIC’s mandate includes crop breeding, agricultural crop production and food processing, along with global exportation of these proteins and food products.
Saskatchewan is a world leader in biotechnology and life sciences and has some of the most advanced facilities in Canada.
- We’re a national leader in community-engaged health research, particularly in using robotic technology (“doctor in a box”) to deliver health care to rural communities. Remote tele-robotic health monitoring is changing how we diagnose and treat chronic diseases.
- Canadian Light Source - a cutting-edge synchrotron radiation facility used by scientists from around the globe. Research ranges from mine tailing remediation to cancer research and materials development.
- Vaccine and Infectious Disease Organization – International Vaccine Centre (VIDO-InterVac) – a world leader in infectious disease research and vaccine development.
- Saskatchewan Centre for Cyclotron Sciences – a world-class centre for research, training and innovation in nuclear medicine, including radiochemistry, physics and development of new radiopharmaceuticals for medical imaging.
Saskatoon is an emerging creative hotbed for technology companies. The ICT sector delivers value through economic diversification and high-paying jobs. Saskatoon’s homegrown talent has attracted interest from some of the biggest companies in the world.
- Coconut Software – an online appointment booking system that is used by companies like London Drugs, Rogers and TELUS. The company recently announced $4.2 million dollars in funding.
- Solido Design Automation Inc. – machine-learning technology used by world-renowned companies such as Nvidia, Qualcomm, IBM and Apple. The company was acquired by Siemens and renamed Mentor Graphics.
- 7Shifts Inc. – developed a scheduling app for restaurants. The company currently services 4,000 restaurants worldwide and recently raised $4.5 million investment dollars.
- Co.Labs – Saskatchewan’s first technology incubator to support early stage technology startups. Co.Labs is also a collaborative community gathering point for innovators, builders and creators.
Mining and Energy
Saskatchewan ranks second in the world for mining investment attractiveness. Saskatchewan's rich mineral resources (the province has the world’s largest potash industry), efficient regulatory environment and strong investment opportunities have attracted most of the major global mining companies.
- Cameco – headquartered in Saskatoon and operates two of the world’s largest, high-grade uranium mines: McArthur River and Cigar Lake. In 2016, Cameco produced 34.6 million pounds of uranium.
- Nutrien – headquartered in Saskatoon; has nearly 20,000 employees, operations and investments in 14 countries. Nutrien’s crop inputs and services reach every major growing region of the world.
- K+S Potash Canada – headquartered in Saskatoon. K+S began operations as its new Bethune mine in 2017 – the first new potash mine to be built in Saskatchewan in the last forty years. Annual production is estimated to be 2 million tonnes.
- Orano – headquartered in Saskatoon. One of the world’s leading uranium exploration, mining and milling companies, Orano develops large-scale, high-grade uranium deposits in northern Saskatchewan.
- BHP Billiton – the leading global resources company’s division office is in downtown Saskatoon