Saskatchewan’s wholesale trade surged in June, placing the province near the top of the pack nationally, according to new figures from Statistics Canada.
The agency reported Monday that wholesale trade in the province — excluding petroleum, petroleum products, other hydrocarbons, oilseeds and grain jumped 5.1 per cent compared with May. That growth ranks Saskatchewan second among all provinces for month-to-month gains.
“Thanks to this growth in wholesale trade, Saskatchewan people, communities, and companies across our province are reaping the rewards,” Trade and Export Development Minister Warren Kaeding said in a statement. “When businesses do well, it creates more jobs, more investment and increased capacity across our key sectors.”
Wholesale trade measures the value of goods purchased in large quantities for resale, but not directly to consumers.
The boost comes as other economic indicators show Saskatchewan’s economy on an upward trajectory. Statistics Canada’s most recent GDP report pegged the province’s real GDP at basic prices at a record $80.5 billion in 2024, an increase of 3.4 per cent over the previous year, second highest in the country and more than double the national average of 1.6 per cent.
Private capital investment also rose sharply in 2024, up 17.3 per cent to $14.7 billion, the largest increase among provinces. That figure is projected to climb again this year to $16.2 billion, representing a 10.1 per cent increase, the second highest growth forecast in Canada.
Last year, the province launched its Securing the Next Decade of Growth strategy, aimed at attracting new investment, supported by its trade and investment website InvestSK.ca.