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- Canadian corporations earned $100.5 billion in operating profits in the third quarter
Canadian corporations earned $100.5 billion in operating profits in the third quarter
Canadian corporations earned $100.5 billion in operating profits in the third quarter, up $7.9 billion or 8.5% from the second quarter. The financial industries were the main drivers of growth in the third quarter.
Compared with the third quarter of 2016, operating profits for Canadian corporations were up 17.2%.
In the non-financial industries, operating profits increased 3.3% from the second quarter to $65.6 billion in the third quarter, as operating revenues increased 0.3% or $2.4 billion. Operating profits were up in 11 of 17 non-financial industries.
Compared with the third quarter of 2016, operating profits for Canadian non-financial corporations increased 16.1%.
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