Saskatchewan’s wholesale sector continues to grow, according to a national study.
Statistics Canada reported on Tuesday that wholesale sales jumped 1.4 per cent during March when compared to the previous month.
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The total value of wholesale trade in March was $2.2 billion, led by growth in motor vehicle sales and parts, and machinery, equipment and supplies.
In the past year, sales have grown by 13.8 per cent – a $261-million increase – which was the third-highest percentage growth among the provinces.
Saskatchewan’s Economy Minister Jeremy Harrison said the numbers reflect a growing optimism in the province’s economy.
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“Wholesale trade continued to grow in March, and that shows that our provincial economy remains strong and resilient,” Harrison said in a statement.
“Growth in wholesale trade points to optimism as wholesale trade statistics are known as a leading indicator of future economic growth.”
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