News Releases

The City of Saskatoon continues to hold the highest credit rating possible from S&P Global Ratings (S&P) since it first began affirming the City’s rating in 2002.

S&P, has today, confirmed its ‘AAA’ credit rating with a “Stable” Outlook, for the City of Saskatoon. This is the 24^th year in a row the City has achieved the highly regarded rating and is among only a handful of Canadian municipalities to have it.

“We are proud to be one of only six cities in Canada to receive the ‘AAA’ Credit Rating with a "Stable" Outlook from S&P and the only city to receive the highest scoring possible across all six rating factor assessment categories,” says Clae Hack, Chief Financial Officer. “This rating confirms that the City is managing its finances responsibly as we continue to focus on planning appropriately to meet the needs of our growing city now and for years to come.”

Saskatoon benefits from an extremely predictable and supportive local and regional government framework, the S&P analysis states, and has demonstrated high institutional stability and evidence of systemic extraordinary support in times of financial distress.

Key quotes from S&P’s analysis, rationale and outlook contributing to the confirmation of the City’s strong credit rating as stated within January 12, 2026, S&P Global Ratings Direct® Report for the City of Saskatoon include:

• “The City’s administration remains largely stable, with significant experience and a record of effectively enacting fiscal policies.”
   
• "The City consistently produces detailed annual budget documents. It also prepares multi-year operating and capital budgets alongside comprehensive long-term capital and borrowing plans. This underpins fiscal transparency and discipline, in our assessment.”
   
• "The stable outlook reflects S&P Global Ratings’ expectation that Saskatoon will continue to benefit from a resilient economy that supports budgetary performance, maintain exceptional liquidity, and keep its debt burden manageable at below 45% of adjusted operating revenues."
   
• “In our view, Saskatoon's strong and prudent financial management is a key credit strength.”
   
• “We view both management accountability and transparency as strong, as reflected in ongoing disclosures and grounded assumptions.”

“We are moving forward with significant strategic investments, such as our Bus Rapid Transit System ‘Link’, expansion to the water treatment plant and new fire stations to support the needs of our expanding city,” Hack says. “We have high confidence in our plans to use debt strategically to deliver our large capital projects in a fiscally responsible manner – as supported through S&P’s credit rating, assessment and comments.”

Credit ratings are one of several tools that investors and lenders use when making decisions regarding an organization’s future financial strengths and weaknesses. For the City of Saskatoon, the ‘AAA’/Stable rating serves as an indication of the City’s credit risk and ability to meet its financial obligations in full and on time. The rating is also viewed as critical to support stakeholders’ confidence and the trust of our community.

View reports on the City of Saskatoon’s financial performance and credit rating history at saskatoon.ca.

33rd Street will be closed between Avenues G and H starting Tuesday, January 13, at 9:00 a.m. for construction. Detours will be in place guiding motorists around the area. This project is expected to take two days to complete, weather permitting and barring any unforeseen circumstances.

Saskatoon Transit may be affected by these detours. Transit service alerts and real-time bus information are available on third-party apps like Transit and Google Maps Transit on desktop.

For more information about current road restrictions and construction, visit saskatoon.ca/construction.

*This report includes road restrictions on Priority 1 (high traffic, high speed) streets only.

4TH AVE N SIDEWALKS CLOSED AT 22ND ST E
(Sign removals)
Start: January 12, 8:00 a.m. End: January 12, 4:00 p.m.

ONGOING

No projects are ongoing at this time.

For more information about current road restrictions and construction, visit saskatoon.ca/construction.

Weekend Road Report, January 10 & 11, 2026

*This report includes road restrictions on Priority 1 (high traffic, high speed) streets only.

NEW

MCCORMACK RD INTERSECTION CLOSED AT NEEDHAM CRES
(Sanitary sewer repair)
Start: January 11, 8:00 a.m. End: January 11, 4:00 p.m.

ONGOING

No projects are ongoing at this time.

For more information about current road restrictions and construction, visit saskatoon.ca/construction.

Direct service from the Special Events Stop (23rd Street and 2nd Avenue) to see the Saskatoon Blades take on the Edmonton Oil Kings at SaskTel Centre on Friday, January 9, at 7:00 p.m. is available at the following times:

• 5:45 p.m.
• 6:25 p.m.

Post-event drop-off is at the downtown terminal and regular fares apply ($3.00 per trip). Fare can be purchased on your mobile phone using either the TGo or transit app, transfers and passes are also accepted. Typically, buses arrive onsite 30 minutes prior to the end of the event.

Plan your trip to events at SaskTel Centre on Route 333 using the Transit app up to two weeks in advance. Check out the Transit+ feature to help make connections that combine Transit with OnDemand Transit, riide, and Uber. Download the Transit app from the Apple Store or Google Play.

Transit service times for special events at SaskTel Centre and other popular destinations can always be found at SaskatoonTransit.ca/plan-my-trip/popular-destinations. Experience the convenience of using Saskatoon Transit to attend all your favourite events.

*This report includes road restrictions on Priority 1 (high traffic, high speed) streets only.

NEW

No projects are scheduled to start on this date.

ONGOING

No projects are ongoing at this time.

For more information about current road restrictions and construction, visit saskatoon.ca/construction.

*This report includes road restrictions on Priority 1 (high traffic, high speed) streets only.

NEW

25TH ST E WB MEDIAN LANE CLOSED FROM SPADINA CRES E TO 5TH AVE N
(Sewer inspections)
Start: January 8, 9:00 a.m. End: January 8, 3:00 p.m.

ONGOING

No projects are ongoing at this time.

All restrictions will be lifted as indicated, weather permitting and barring any unforeseen circumstances.

For more information about current road restrictions and construction, visit saskatoon.ca/construction.

Direct service from the Special Events Stop (23rd Street and 2nd Avenue) to see the Harlem Globetrotters at SaskTel Centre on Wednesday, January 7, at 7:00 p.m. is available at the following times:

• 5:45 p.m.
• 6:25 p.m.

Post-event drop-off is at the downtown terminal and regular fares apply ($3.00 per trip). Fare can be purchased on your mobile phone using either the TGo or transit app, transfers and passes are also accepted. Typically, buses arrive onsite 30 minutes prior to the end of the event.

Plan your trip to events at SaskTel Centre on Route 333 using the Transit app up to two weeks in advance. Check out the Transit+ feature to help make connections that combine Transit with OnDemand Transit, riide, and Uber. Download the Transit app from the Apple Store or Google Play.

Transit service times for special events at SaskTel Centre and other popular destinations can always be found at SaskatoonTransit.ca/plan-my-trip/popular-destinations. Experience the convenience of using Saskatoon Transit to attend all your favourite events.

*This report includes road restrictions on Priority 1 (high traffic, high speed) streets only.

NEW

WANUSKEWIN RD SB CURB LANE CLOSED AT ADILMAN DR
(Sewer inspections)
Start: January 7, 9:00 a.m. End: January 7, 3:00 p.m.

8TH ST W EB CURB LANE CLOSED AT LORNE AVE
(Construction)
Start: January 7, 9:00 a.m. End: January 7, 3:00 p.m.

LORNE AVE SB CURB LANE CLOSED AT 8TH ST W
(Construction)
Start: January 7, 9:00 a.m. End: January 7, 3:00 p.m.

ONGOING

No projects are ongoing at this time.

All restrictions will be lifted as indicated, weather permitting and barring any unforeseen circumstances.

For more information about current road restrictions and construction, visit saskatoon.ca/construction.