Wednesday April 16, 2014

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Wholesale trade sets record

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Wholesale trade in Saskatchewan hit a record $2.0 billion in October 2013, according to a report released by Statistics Canada. Trade jumped by 12.4 per cent in October over last year, the second highest percentage increase in the nation and more than three times the national increase of 3.5 per cent.

"Wholesalers continue to accumulate goods in anticipation of increased consumer and business demand for products," Economy Minister Bill Boyd said. "These record numbers are a direct result of a growing, resilient economy and a rise in our population."

On a monthly basis, wholesale trade was up by 4.5 per cent, ranking Saskatchewan second among the provinces.

"For the first 10 months of 2013, wholesale trade is ahead of last year, and is reaching record levels," Boyd said. "The strength of Saskatchewan's wholesale sector is a good sign that our economy will continue to move forward - creating jobs - attracting investment and people to our province."


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