Highest Wholesale Trade Increase in Canada
The value of wholesale trade in Saskatchewan increased 3.8 per cent in June 2020 (compared to June 2019), which was the highest percentage increase compared to the other provinces, and well above the 2.4 per cent decline posted for Canada (seasonally adjusted).
“Saskatchewan’s wholesale trade figures have shown resiliency through the global COVID-19 pandemic,” Trade and Export Development Minister Jeremy Harrison said. “As a leading economic indicator, growth in this area at a time when most provinces are seeing a decrease on an annual basis shows that Saskatchewan is in a strong position for economic recovery.”
The largest year-over-year increase was in machinery, equipment and supplies.
In June 2020, the value of wholesale trade in Saskatchewan increased by 7.9 per cent from May 2020 (seasonally-adjusted).
Total wholesale trade in June was approximately $2.3 billion.