Quarterly financial statistics for enterprises, second quarter 2014
Press Release –
Canadian corporations earned $87.8 billion in operating profits in the second quarter, up 2.6% from the previous quarter. This gain followed a 3.8% increase in the first quarter. Overall, operating profits were up in 13 of 22 industries.
Quarterly operating profits
Chart description: Quarterly operating profits
In the non-financial sector, operating profits grew 0.8% to $66.4 billion in the second quarter, following a 9.8% increase in the previous quarter.
Quarterly change in operating profits
Chart description: Quarterly change in operating profits
In the financial sector, operating profits rose 8.8% to $21.4 billion following a 12.3% decline in the first quarter. Most of the increase in the second quarter came from the insurance industry.
On a year-over-year basis, operating profits for Canadian corporations increased 6.8% compared with the second quarter of 2013. Profits rose 15.8% in the non-financial sector, while they fell 13.9% in the financial sector.
Read more: http://www.statcan.gc.ca/daily-quotidien/140826/dq140826a-eng.htm
