Statistics Canada yesterday reported a 49.5 percent jump in wholesale trade for September 2022, compared to September 2021; the highest increase among provinces.
The province's manufacturing sales were also up, rising 24.1 percent from September 2021 to September 2022, ranking third among provinces.
"Saskatchewan's economy continues to grow, and these strong numbers are further proof that our province is open for business," Trade and Export Development Minster Jeremy Harrison said. "More people are working and doing business in our province than ever before, and our government is continuing to market our province worldwide."
In September 2022, the value of Saskatchewan's wholesale trade was up $1.4 billion compared to the same time last year.
Saskatchewan has led the nation in several other key economic indicators in recent months. In September 2022, the value of building construction increased by 56.2 percent, and merchandise exports were up by 45 percent. Recent Labour Force Survey numbers also show Saskatchewan's strong economic growth, with 581,400 people employed in October 2022, representing an increase of 18,600 jobs (3.3 percent) compared to October 2021. The province's unemployment rate has reached 4.6 percent, tied for third lowest among provinces, and below the national average of 5.2 percent (seasonally adjusted).