Despite all the uncertainty created by US tariffs, manufacturers in this country and this province are regaining their footing and continuing to increase sales.
June’s figures for the sector came out last week marking the fifth consecutive month of increases nationally. Here in Saskatchewan, total sales for the manufacturing sector were down nearly one-percent compared to May but this is the real tale of the tape: sales were 27-percent higher than they were in June of last year.
That sharp increase was roughly double the level seen nationally. And a key factor in the year-over-year improvement was energy production – Saskatchewan, Alberta and Newfoundland led the way among the provinces when it came to increased sales on the strength of petroleum, chemical and coal products.
Regina – which is home to the Co-op Refinery – recorded a 32-percent year-over-year jump in revenues as prices rose due to the Middle East conflict. That was the third highest increase among major Canadian cities behind Windsor and Edmonton.
