Saskatchewan Economy Leads Nation in Retail | News and Media

Published on November 24, 2023

Today, Statistics Canada released September 2023 retail sales figures. Compared to August 2023, Saskatchewan ranked first in the nation in monthly growth (seasonally adjusted) at more than $2.1 billion in September 2023, or more than five times the national average.

„Retail growth is a key component to ensuring the province’s economy continues to grow,” said Trade and Export Development Minister Jeremy Harrison. „Today’s increase, coupled with growth in construction investment, is further proof that Saskatchewan has the sustainable resources the world needs.”

The monthly retail trade survey collects sales, e-commerce sales, and number of retail locations by province, territory, and selected census metropolitan areas from a sample of retailers.

Retail sales are a measure of gross receipts at stores or establishments that sell goods and services to final consumers.

Saskatchewan leads the country in many key economic indicators. Recently, Saskatchewan recorded the highest GDP growth of all provinces and territories at 6.0 per cent. Last week’s labor force survey showed Saskatchewan has the lowest unemployment rate in Canada, with 19,300 new job openings for the year compared to October 2022. In September, housing starts in the province rose 14.8 percent year-over-year, a record. Population growth, and major investments including BHP’s $6.4 billion second phase expansion at BHP’s Johnson Potash project.

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For more information, contact:

Leon Brander
Trade and export promotion
Regina
Phone: 306-526-9806
Email: [email protected]

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