There is some good news for Saskatchewan's economy.
According to Statistics Canada, wholesale trade in the province increased by 25.3 per cent (seasonally-adjusted), in February 2021 compared to February of last year.
That represents 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 in a press release. "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 four per cent from January 2021. Canada saw a month-over-month decline of 0.7 per cent during the same period.
Several sectors saw large year-over-year increases, including farm products (39 per cent), and machinery, equipment and supplies (31 per cent).
The value of wholesale trade in February 2021 was more than $2.5 billion.
