There continues to be good news for the province's economy.
Saskatchewan’s wholesale trade numbers in October were up 6.7 per cent (seasonally adjusted) over the previous month. That represents the highest percentage increase in Canada.
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 in a press release. “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.”
According to Statistics Canada, wholesale trade in the province increased by 13.5 per cent in October 2020 over the same period last year. That is the second-highest percentage increase among the provinces.
Nationally, wholesale trade was up 5.2 per cent for the same 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.
