Saskatchewan Highest Wholesale Trade Growth Among Provinces in December 2020
Saskatchewan's wholesale trade showed strong annual growth in December according to a report released by Statistics Canada. Compared to December of 2019, trade is up by 18.1 per cent (seasonally-adjusted), the highest percentage increase among provinces. On a national basis, wholesale trade was up 4.8 per cent.
“Wholesale trade is an important indicator of economic progress, as it signals business confidence in the goods sector,” Trade and Export Development Minister Jeremy Harrison said. “As we've recently seen with Saskatchewan recording the lowest unemployment rate in Canada and the highest percentage increase in merchandise exports, we are leading the national economic recovery and are well-positioned to emerge from the pandemic.”
Wholesale trade figures for December were $2.4 billion. Increases in miscellaneous products and agriculture were up year-over-year.