Released on April 21, 2015
Saskatchewan’s wholesale trade hit an all-time record for February 2015 reaching $2.5 billion, up 25.9 per cent over last February, the largest percentage increase among the provinces according to Statistics Canada. On the national front, wholesale trade was up only 5.5 per cent.“Saskatchewan is in a unique position because our economy has a broad base,” Economy Minister Bill Boyd said. “Hitting record wholesale trade and exceeding what is happening in other provinces is important and will help us continue to build a strong Saskatchewan.”
Wholesale trade was up 7.3 per cent between January 2015 and February 2015, the highest increase on a percentage basis among provinces, and well ahead of the 0.4 per cent decline recorded nationally.
“With diversity in our economy, we are able to better absorb short term challenges like those in the energy sector,” Boyd said. “Many financial analysts are predicting that over the long-term, the economy will show strength in the west, and results like this show that Saskatchewan remains strong.”
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca