Canadian Operating Profits Down in Q4 2017

Statistics Canada reports that operating profits from Canadian corporations decreased by 1.9% in Q4 2017 compared to the prior quarter, and were 0.7% lower than Q4 2016. Total profits earned by Canadian corporations in the last quarter of 2017 were $98.6 billion. Compared to Q3, net profits fell by 3.3% to $76.5 billion. Financial services led the decline, with most areas of non-financial industries actually seeing profit increases. You can the notice here.