Released on March 20, 2014
Saskatchewan wholesale figures for January released by Statistics Canada hit an all-time high for the month, totalling $2.1 billion. Wholesale trade was up 11.4 per cent on a year-over-year basis in the province, the highest percentage growth rate in the nation and well ahead of the 2.4 per cent posted nationally.
“Wholesale business is all about supply and demand,” Economy Minister Bill Boyd said. “Economic and population growth in Saskatchewan has increased the need for products which is keeping wholesalers very busy.”
On a month-over-month basis, wholesale sales were up 9.4 per cent (seasonally adjusted) between December 2013 and January 2014. Saskatchewan ranked first among the provinces.
“Saskatchewan continues to see growth where it counts – more jobs – more people – more opportunity,” Boyd said. “It is keeping us on a steady course of prosperity, allowing us as government to balance budgets, and more importantly giving Saskatchewan people the opportunities they deserve.”
-30-
For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca