Profits Up 9% at Canadian Companies
Operating profits at Canadian corporations increased nine per cent to $71.4 billion at the end of 2011, Statistics Canada reported Thursday.
Canada’s data agency said Canadian companies made more money during the last three months of 2011 than they did during the three that preceded it. Although profitability is now at the highest level it has been since the end of 2008 when the recession was beginning in Canada, it’s still $6.1 billion below the level it was at earlier in the year, the previous all-time high. Read more here.
Summary statistics and links to the data files are on the Statistics Canada website here.
Date: February 24, 2012