Saskatoon is the largest city in the Canadian province of Saskatchewan. It straddles a bend in the South Saskatchewan River in the central region of the province. It is located along the Trans-Canada Yellowhead Highway, and has served as the cultural and economic hub of central Saskatchewan since its founding in 1882 as a Temperance colony.
The economy of Saskatoon has been associated with potash, oil and agriculture (specifically wheat), resulting in the moniker "POW City". Various grains, livestock, oil and gas, potash, uranium, gold, diamond, coal and their spin off industries fuel the economy. The world's largest publicly traded uranium company, Cameco, and the world's largest potash producer, Nutrien, have corporate headquarters in Saskatoon. Saskatoon is also the new home of BHP Billiton's Diamonds and Specialty Products business unit.
Nearly two-thirds of the world's recoverable potash reserves are in the Saskatoon region. Innovation Place founded in 1980 brings together almost 150 agriculture, information technology, and environmental, life sciences and agricultural biotechnology industries in a science park or technology park setting. Saskatoon is also home to the Canadian Light Source, Canada's national synchrotron facility.
Saskatoon's digital media scene is growing with start-up tech companies such as Noodlecake, Point2, Vendasta Technologies, and Zu. One of Saskatoon's nicknames, "Hub City", refers to its ideal central location within Canada for distribution and logistics.
Saskatoon is developing the South Central Business District, or block 146, which is called the River Landing Project. The Saskatoon Regional Economic Development Authority (SREDA) has also been ranked amongst Canada's top ten economic development organisations by Site Selection magazine.
Saskatoon is rated Sufficiency by the Globalization and World Cities Research Network (GaWC) which evaluates and ranks the relationships between world cities in the context of globalisation. Sufficiency level cities are cities that have a sufficient degree of services so as not to be overly dependent on world cities.
Saskatoon was ranked #186 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Saskatoon has a population of over 246,376 people. Saskatoon is the #292 hipster city in the world, with a hipster score of 2.7078 according to the Hipster Index which evaluates and ranks the major cities of the world according to the number of vegan eateries, coffee shops, tattoo studios, vintage boutiques, and record stores per 100,000 city residents.