Highest Wholesale Trade Increase in Canada
Wholesale trade in Saskatchewan was up 21.4 per cent (seasonally adjusted) in October 2017 when compared to last year, the highest rate of increase among the provinces and over double the national rise of 10.0 per cent. In October, wholesale trade was up to $2.4 billion.
On a monthly basis, trade was up 10.1 per cent between September and October, well ahead of the 1.5 per cent posted nationally.
“This is good news for the Saskatchewan economy, with wholesale trade taking a sharp rise in October,” Economy Minister Steven Bonk said. “We are not only leading the nation for the month, but doubled annual numbers and were almost 10 times more than the national average on a month-over-month basis.”
According to Statistics Canada, the major increase in October was for machinery, equipment and supplies which was up 15.1 per cent. All seven subsectors reported increases.