Highest Wholesale Trade Growth in Canada
Saskatchewan’s wholesale trade in April 2020, was up 1.6 per cent (seasonally adjusted) over the previous month to $2.3 billion, the highest increase among the provinces and far ahead of the Canadian average of a decline of 21.6 per cent.
“We have faced our share of challenges with COVID-19, but this leading indicator shows that we are better positioned than many other jurisdictions to recover from this pandemic,” Trade and Export Development Minister Jeremy Harrison said. “Our people and our businesses are resilient as demonstrated by these statistics showing that businesses continue to purchase in large quantities in order to resell them.”
On a year-over-year basis, wholesale trade in the province was down by 2.7 per cent, the second-lowest decrease when compared to other provinces, while the Canadian average was a decline of 23.4 per cent over the same period.
There were gains noted (March/April) in:
- Motor vehicles and parts up 31.9 per cent;
- Farm products up 6.3 per cent; and
- Machinery and equipment up 5.0 per cent.