The Hydroclimate of the Upper North Saskatchewan River Basin
Sauchyn, D., Vanstone, J. and Perez-Valdivia, C. 2011. Modes and forcing of hydroclimatic variability in the upper North Saskatchewan River Basin since 1063. Canadian Water Resources Journal 36: 205-218.
In a study designed to explore this important question by determining if streamflow variability recorded by the streamflow gauge at Edmonton, Alberta (Canada) over the past century (since 1912) is representative of the range of variability experienced there over the past millennium, Sauchyn et al. (2011) developed a 945-year reconstruction of the annual flow of the Northern Saskatchewan River based on tree-rings collected from seven different sites within the runoff-generating upper basin of the river (see figure below). And what did the record reveal?

North Saskatchewan River reconstructed water year (October to September) flow for the period 1063-2006. Adapted from Sauchyn et al. 2011.
Simply put, as the three Canadian researchers state, the Edmonton stream-gauge record does not "represent the full extent of interannual to multidecadal variability in the tree-ring data," as "there are periods of low flow in the pre-instrumental record that are longer and more severe than those recorded by the gauge" and which "pre-date Euro-Canadian settlement of the region." Two of these extreme events were approximate 30-year droughts, one occurring in the early 1700s and another during the mid-1100s, while one of the two most prominent mega-droughts lasted for most of the 14th century, while the other occurred in the latter part of the 15th century. In addition, Sauchyn et al. (2011) state that "there is less certainty and stationarity in western [Canadian] water supplies than implied by the instrumental record," which they say is "the conventional basis for water resource management and planning" of the region. Likewise, it is clear that their streamflow reconstruction provides a whole new-and-improved basis for determining the "uniqueness" of whatever future droughts might occur throughout the region, making it much more difficult for climate alarmists to claim that such droughts were caused by anthropogenic CO2 emissions, since there was far less CO2 in Earth's atmosphere prior to the 1912 start-date of the region's prior streamflow history, when several way more serious droughts than those of the past century are now known to have occurred.
Additional References
Sauchyn, D., Diaz, H. and Kulshreshtha, S. 2010. The New Normal: The Canadian Prairies in a Changing Climate. CPRC Press, Regina, Saskatchewan, Canada.
Schindler, D.W. and Donahue, W.F. 2006. An impending water crisis in Canada's western prairie provinces. Proceedings of the National Academy of Sciences USA 103: 7210-7216.
Wheaton, E., Kulshreshtha, S., Wittrock, V. and Koshida, G. 2008. Dry times: hard lessons from the Canadian drought of 2001 and 2002. Canadian Geographer 52: 241-262.