Corporate businesses “earned $72.2 billion in operating profits in the third quarter, up 3.7 per cent from the previous quarter, says Canada’s national statistical agency, quoted by the Canadian Press.
The increase during the July to September period follows a 7.0 per cent decrease in the second quarter,” it says.
Operating profits increased in 14 of 22 industries, with manufacturing leading the overall rise, accounting for nearly 30 per cent of the $2.6 billion rise in operating profits over the second quarter, says the agency, observing.
“In the non-financial sector, third-quarter operating profits rose 3.7 per cent to $52.9 billion, after a 5.7 per cent decrease in the previous quarter.
In the financial sector, operating profits increased 3.7 per cent to $19.2 billion, following a 10.5 per cent decline in the second quarter.
“On a year-over-year basis, operating profits for corporations were 3.1 per cent higher in the third quarter.
“On that basis, profits fell 2.5 per cent in the non-financial sector, while they rose 22.7 per cent in the financial sector,” according to Stats Can.
Jon Newton — myblogdammit
RSS FEED — http://www.myblogdammit.net/?feed=rss2
Contact me @ myblogdammit (at) shaw.dot ca
SPONSORED BY >>>
FrostWire — Share
Why pay to host your content in a server? FrostWire lets you share your creations with millions of people right from your computer, absolutely free?
iVideo Converter converts videos fast for iPad, iPod, iPhone, PSP, Cell Phone, Windows Media, or any major media player, including popular HD and HQ.
A twitter game where words where words are redefined with jokes 🙂
RSS FEED – http://www.myblogdammit.net/?feed=rss2
First they ignore you, then they laugh at you, then they fight you, then you win ~ Mahatma Gandhi …