REGINA — Saskatchewan’s mid-year financial report is projecting a $427 million deficit, a swing of $79 million deeper than the first-quarter forecast and a significant reversal from the $12 million surplus outlined in the budget.

The province says global tariffs, lower oil prices and a weaker outlook in non-renewable resource revenue are putting pressure on the bottom line.

Deputy Premier and Finance Minister Jim Reiter said the mid-year numbers reflect ongoing economic uncertainty, though he noted the province’s exporters remain largely insulated under CUSMA.

“Saskatchewan’s economy remains resilient in the face of global economic uncertainty,” Reiter said. “Our producers have worked hard to find new markets, which has helped Saskatchewan remain in a comparatively strong economic posit

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