The Royal Bank of Canada is cutting its growth forecast for Saskatchewan due to weaker-than-expected construction spending intentions.
An R-B-C report says the provincial growth domestic product will grow by two-point-nine per cent year — down about six-tenths of a point from a previous forecast.
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But the bank says Saskatchewan’s economy will benefit from a modest uptick in agricultural output and an expected recovery in mining activity.
The Saskatchewan government will bring down a new budget later today.
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