Saskatchewan See Largest Gains in Wholesale Trade Among the Provinces in February
Wholesale Trade up 25 Per Cent in February 2021 over 2020
Today, Statistics Canada released indicators showing wholesale trade in Saskatchewan increased by 25.3 per cent (seasonally-adjusted), in February 2021 compared to February 2020, which was the largest percentage increase among the provinces. Nationally, wholesale trade increased 6.5 per cent over the same period.
"A remarkable 25 per cent increase in wholesale trade growth shows that Saskatchewan is leading Canada's economic recovery," Trade and Export Development Minister Jeremy Harrison said. "These strong wholesale trade numbers, a leading economic indicator, coupled with the best vaccine roll-out plan in the country, shows our province will see a quicker economic recovery than other jurisdictions."
In February 2021, the value of wholesale trade in Saskatchewan increased by 4.0 per cent from January 2021 (seasonally-adjusted), while Canada saw a month-over-month decline of 0.7 per cent during the same period.
In February 2021, major increases were seen year-over-year in several sectors in Saskatchewan, including farm products up 39 per cent, and machinery, equipment and supplies increasing 31 per cent.
The value of wholesale trade in February 2021 was more than $2.5 billion.