The main economy of the area is agriculture featuring grain crops such as wheat, canola, barley, oats, rye, as well as lentils and peas. Livestock raised in the vicinity are cattle, hogs, sheep, and buffalo. The potash mine of Colonsay was first named Noranda Mines Potash Division then separately constituted as Central Canada Potash. Central Canada Potash was acquired by Imc. Potash Corporation of Saskatchewan, Colonsay, IMC Potash Colonsay and is now Mosaic Potash Colonsay. Potash is mined and sold to crop nutrient manufacturers for fertilizer, as well as for use as an
icemelter ingredient and
water softener regenerant. ==Sports==