BY TONAYA MARR,
Saskatchewan's wholesale trade figures
increased 13.2 per cent in May over May 2011, the third-highest growth rate in
Canada, seasonally adjusted according to Statistics Canada.
"This is not just one kind of store
that's doing well, they're all doing well," said Doug Elliott of Sask
Trends Monitor. In May, wholesale trade totalled $1.985 billion, seasonally
adjusted, and was up 6.2 per cent across the country.
According to Elliott, much of the growth in
Saskatchewan is thanks to the successful farming industry.
The big increase was in agricultural
supplies, which includes businesses that sell fuel and fertilizer to farmers.
"Most of this ... increase from a year
ago is because our agriculture sector is booming," said Elliott.
Elliott also said that for the year-to-date,
Saskatchewan wholesale trade is up 10 per cent (unadjusted).
The Saskatchewan government is pleased to see
the strong trends emerging in the province's wholesale trade.
"It's fair to say our economy has the
essential ingredients to continue moving forward," Economy Minister Bill
Boyd said in a news release. "We are over double the national increase and
that speaks volumes about the economic growth happening here in
Saskatchewan."
Across Canada, wholesale trade is also doing
well. Cars, computer parts and the food industry helped bring sales up 0.9 per
cent, seasonally adjusted, to a total of $49.8 billion. The highest increase
occurred in machinery, equipment and supplies, which rose 7.3 per cent,
seasonally adjusted, the biggest jump in four years.
A 1.5 per cent increase was seen in the food
industry and the motor vehicle industry saw a rise of 2.9 per cent, seasonally
unadjusted.
Quebec and Alberta contributed the most to
the national increase.
Wholesale trade is the selling of goods to
businesses.
tmarr@leaderpost.com
Original article here
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