Saskatchewan Wholesale Trade Leads Nation
Saskatchewan’s wholesale trade was up 21.5 per cent (seasonally adjusted) in November 2020 when compared to November 2019, the highest percentage increase among the provinces. The value of Saskatchewan’s wholesale trade in November 2020 was $2.46 billion.
“A 21.5 per cent increase over the past year in wholesale trade is a remarkable statistic given the global Covid-19 pandemic,” Trade and Export Development Minister Jeremy Harrison said. “Wholesale trade is an important leading indicator and shows that our province is very well positioned for a strong economic recovery.”
In today’s Statistics Canada report, wholesale trade in Saskatchewan was up 2.6 per cent on a month-over-month basis, the second highest percentage change among provinces. Nationally, trade was up 0.7 per cent month-over-month and 7.7 per cent year-over-year.
Growth in wholesale trade was reported in several sectors, including food and beverage merchant wholesalers; machinery, equipment and supplies merchant wholesalers; and, motor vehicle and motor vehicle parts and accessories merchant wholesalers.