Sask leads country in wholesale trade growth in past year

 

The Moe government says Saskatchewan is leading Canada in wholesale trade growth year over year.

Saskatchewan’s wholesale trade increased 34.7 percent in the past year, which is first among the provinces.

Trade and Export Development minister Jeremy Harrison says the increase in wholesale trade is a key indicator the economy is coming out of the pandemic and poised for real growth.

Last year, he says Saskatchewan hit all time records in agricultural exports, forestry product sales, and merchandise exports, while unemployment is at a seven year low.

Last year, Saskatchewan’s farm exports were 17.5 billion dollars, the forestry sector hit a record 1.8 billion dollars in sales, and merchandise exports reached a new high of 37.2 billion dollars.

In the past year, 30 thousand new jobs were added to the province.

The top sectors in wholesale trade in January were farm products, up 32 percent, motor vehicles and parts up 17 percent, food and beverage and machinery and equipment up 8 percent.

In January, wholesale trade in Saskatchewan was more than 3.3 billion dollars.
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