Strong Wholesale Trade Growth in Saskatchewan in October
Saskatchewan’s wholesale trade numbers in October were up 6.7 per cent (seasonally adjusted) over the previous month, which was the highest percentage increase among the provinces. The value of wholesale trade in October was almost $2.4 billion.
“The growth in wholesale trade in Saskatchewan is good news for our provincial economy,” Trade and Export Development Minister Jeremy Harrison said. “Big gains, both month-over-month and year-over-year, show the resiliency of our economy during this global COVID-19 pandemic, and are a positive sign as we head into the new year.”
Statistics Canada wholesale trade figures for October 2020 show Saskatchewan’s wholesale trade increased by 13.5 per cent over October 2019 (seasonally adjusted), the second-highest percentage rise among the provinces. Nationally, wholesale trade was up 5.2 per cent in that period.
Wholesale trade growth was reported in food and beverage products, machinery and equipment, and miscellaneous products. Farm products also saw a 14.7 per cent increase year-over-year.