Saskatchewan’s wholesale trade figures are 10 times the national increase for May, year-over-year. New figures out today from Statistics Canada indicate Saskatchewan had an 8.3 per cent increase (seasonally adjusted) between May 2012 and May 2013, compared to the national increase of only 0.8 per cent.
Wholesale trade totalled $2.14 billion in May 2013 -- the highest on record for that month.
“The volume of economic activity that’s taking place in Saskatchewan right now is a key factor in growing the wholesale business in the province,” Economy Minister Bill Boyd said. “It is a very busy time of year for many of our key industries and we expect to see continued growth across a number of sectors.”
Saskatchewan had the second highest percentage increase among Canadian provinces’ on a year-over-year basis. On a month-over-month basis, wholesale trade in the province is up 5.0 per cent between April 2013 and May 2013, third best in the nation.
Saskatchewan’s wholesale trade has been up five times in the last six months on a month-over-month basis.
“Saskatchewan’s wholesale industry continues to thrive for a number of reasons including recent expansions at the Global Transportation Hub in Regina,” Boyd said. “The wholesale trade industry is creating jobs, building infrastructure and above all, growing the Saskatchewan economy.”