CA Corporate Profits q/q

Canadian corporations reported a decrease of $4.1 billion (-2.5%) in net income before taxes (NIBT) in the third quarter, reaching $157.4 billion. This drop impacted both the financial sector (-5.5%) and the non-financial sector (-1.3%). Consult the Quarterly Survey of Financial Statistics: Visualization Tool for a comprehensive overview of the quarterly changes in the financial performance of enterprises. NIBT for the financial sector decreased by $2.6 billion (-5.5%) to $44.8 billion in the third quarter. Decreases were recorded in ...

Canadian corporations reported an increase of $2.4 billion (+1.5%) in net income before taxes (NIBT) in the second quarter of 2024, reaching $163.2 billion. This gain was driven by the non-financial sector (+3.0%) and partly offset by the financial sector (-1.8%). Consult the Quarterly Survey of Financial Statistics: Visualization Tool for a comprehensive overview of the quarterly changes in the financial performance of enterprises. The non-financial sector's NIBT saw an increase of $3.3 billion (+3.0%) to $115.0 billion in the ...

Canadian corporations reported an increase of $898 million (+0.6%) in net income before taxes (NIBT) in the first quarter of 2024, reaching $160.1 billion. This gain was driven by the financial sector (+4.9%) and was partially offset by the non-financial sector (-1.2%). Consult the Quarterly Survey of Financial Statistics: Visualization Tool for a comprehensive overview of the quarterly changes in the financial performance of enterprises. NIBT for the financial sector increased by $2.3 billion (+4.9%) to $48.2 billion in the first ...

Canadian corporations reported a 2.7% (+$4.4 billion) increase in net income before taxes (NIBT) in the fourth quarter, reaching $165.4 billion. This gain was driven by the financial sector (+6.8%), which outperformed the non-financial sector (+1.2%). Consult the Quarterly Survey of Financial Statistics: Visualization Tool for a comprehensive overview of the quarterly changes in the financial performance of enterprises. Non-financial industries' NIBT increased $1.4 billion (+1.2%) from the third quarter of 2023 to $118.0 billion in ...

During the second quarter, the Bank of Canada increased its overnight rate by 25 basis points to 4.75%. In the second quarter, the main economic headlines were the inflation rate (+2.8%) falling back to Canada's target range at the end of the quarter; oil production curtailment caused by wildfires; and a strong consumer demand for air travel. Canadian corporations reported a 2.0% decrease (-$3.3 billion) to $163.8 billion in net income before taxes (NIBT) in the second quarter, impacting the non-financial sector (-4.5%). The decline ...

The combination of higher interest rates, inflationary pressures, and labour challenges have impacted Canadian enterprises in several different ways. Collectively these macroeconomic headwinds drove down net income before taxes (NIBT) in the first quarter. Canadian corporations reported a 5.6% decrease (or -$9.8 billion) to $165.9 billion in NIBT in the first quarter, impacting both the financial sector (-11.3%) and the non-financial sector (-3.1%). Consult the Quarterly Survey of Financial Statistics: Visualization Tool for a ...

Tight labour markets and resilient consumer demand contributed to upward pressure on the policy rate, increasing 100 basis points in the fourth quarter. Consequently, higher interest costs, along with elevated inflation, continued to concern Canadian enterprises in the quarter. Consult the Quarterly Survey of Financial Statistics: Visualization Tool for a comprehensive overview of the quarterly changes in the financial performance of enterprises. In the non-financial sector, net income before taxes (NIBT) increased $6.2 billion ...

Business economic outlook has worsened in the third quarter. The continued increases in the policy interest rates (175 basis points hike during the quarter) began to have a cooling effect on the economy. The ongoing labour shortage, downward trend for energy and metal commodity prices, and a depreciation of the Canadian dollar against the U.S. dollar by 2.3%, have increased uncertainty and concerns over an economic slowdown. As prices peaked in the previous quarter and business investments contracted on higher borrowing costs, the ...