Saskatoon police received a call late Sunday morning that a man had been stabbed on the 1900 block of Hanover Avenue, in the Queen Elizabeth neighbourhood.
Officers found a 40-year-old male suffering from stab wounds that were serious but non-life threatening. He was taken to hospital by paramedics.
Police located the 26-year-old suspect nearby and took him into custody without incident. He is facing charges of aggravated assault and break and enter.
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The suspect will appear before a Justice of the Peace Sunday evening.
The victim and suspect know each other.