Building provincial budget in face of tariff threat ‘challenging’: Scott Moe
Questions continue to float around about whether U.S. President Donald Trump will implement tariffs on Canada.
Meanwhile in Saskatchewan, the provincial government is in the middle of trying to put together its 2025-2026 budget.
A 25 per cent across-the-board tariff on Canadian exports to the U.S., which Trump has threatened to put in place as early as February 1, would be “devastating” to the economy, Premier Scott Moe has said.
The provincial budget includes estimates and projections for the coming year for areas like export revenue and natural resources revenue. A one-dollar change in the market price of a barrel of oil can mean millions to the province’s coffers. In 2023, Saskatchewan sent $27 billion in exports to the U.S., more than half of the province’s total exports.