Saskatchewan’s Year-Over-Year Growth in Manufacturing Sales and Wholesale Trade is the Highest in the Nation
Saskatchewan’s strong economy is leading the country in year-over-year growth in manufacturing sales and wholesale trade.
Saskatchewan’s manufacturing sales increased 35.8 per cent (seasonally adjusted) between December 2020 and December 2021, while wholesale trade increased 32 per cent (seasonally adjusted) between December 2020 and December 2021.
“This significant growth shows the strength of Saskatchewan’s economy and that we are creating wealth and good jobs for communities across the province,” Trade and Export Development Minister Jeremy Harrison said. “With one of Canada’s most competitive business environments, we will continue to increase exports and attract investment to support this economic growth.”
The sectors that had the highest increases in manufacturing sales between December 2020 and December 2021 were chemical manufacturing (94 per cent), food manufacturing (16 per cent), and fabricated metal products (13 per cent).
Three of the top performing sectors that drove the year-over-year growth in wholesale trade were building materials and supplies, motor vehicle and motor vehicle parts and accessories, and machinery and equipment. Between December 2020 and December 2021, they increased by 19 per cent, 16 per cent and 13 per cent, respectively.
In December 2021, the total value of wholesale trade in Saskatchewan was more than $3.2 billion, while the total value of manufacturing shipments was more than $1.7 billion.
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For more information, contact:
Robin Speer Ministry of Trade and Export Development Regina Phone: 306-519-5006 Email: robin.speer@gov.sk.ca
OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed to $1.3 billion in September as imports fell more than exports.
The result compared with a revised deficit of $1.5 billion for August. The initial estimate for August released last month had shown a deficit of $1.1 billion.
Statistics Canada says the results for September came as total exports edged down 0.1 per cent to $63.9 billion.
Exports of metal and non-metallic mineral products fell 5.4 per cent as exports of unwrought gold, silver, and platinum group metals, and their alloys, decreased 15.4 per cent. Exports of energy products dropped 2.6 per cent as lower prices weighed on crude oil exports.
Meanwhile, imports for September fell 0.4 per cent to $65.1 billion as imports of metal and non-metallic mineral products dropped 12.7 per cent.
In volume terms, total exports rose 1.4 per cent in September while total imports were essentially unchanged in September.
This report by The Canadian Press was first published Nov. 5, 2024.
