Wholesale Trade Sets Record in August
Saskatchewan’s wholesale trade made gains in August, up 12.9 per cent (seasonally adjusted) on a year-over-year basis, the highest percentage rise among the provinces, and well above the 3.8 per cent recorded nationally. Wholesale trade in the province totalled $2.3 billion in August, the highest ever for the month.
“Increases in wholesale trade are a good sign that Saskatchewan’s economy is making gains,” Economy Minister Bill Boyd said. “The largest rise in August came in agricultural supply products, helping to support one of the largest sectors of our economy.”
Between July 2015 and August 2015, wholesale trade was up 9.3 per cent, the second highest increase among the provinces. Nationally, wholesale trade declined by 0.1 per cent.
“There is no doubt these are challenging times for resource-based economies,” Boyd said. “However, we are still confident that the diversity of our economy will help us continue to create jobs and provide opportunities for businesses to prosper as we move forward.”