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November 25, 2014QUARTERLY FINANCIAL STATISTICS FOR ENTERPRISES 3RD QUARTER 2014 Seasonally-adjusted operating profits for Canadian corporations increased 3.7 per cent in the 3rd quarter to $90.2 billion, this follows a 1.5 per cent percent increase in the second quarter of 2014. Profits rose in 13 out of 22 industries with increases for both financial and non-financial firms. Compared to a year earlier, operating profits are 8.8 per cent higher.
The non-financial sector, seasonally adjusted, operating profits rose 2.2 per cent to $67.1 billion in the third quarter with operating revenue increasing 0.4 per cent. Year-over-year, operating profits were up 12.2 per cent in the non-financial sector. Manufacturing profits increased by 10.9 per cent with gains in 9 out of 13 industries. The retail sector posted first increase in operating profits in over a year, growing 37.5% largely on increase for food and beverage stores.
Among non-financial sectors, operating profit increases for the 3rd quarter were reported in
-Retail Trade (+37.5%, +$1.1 billion)
-Arts, entertainment and recreation (+12.6%, $34 million)
-Manufacturing (+10.9%, +$1.55 billion)
Operating profit decreases occurred in:
-Oil and gas extraction and support activities (-13.1%, -$726 million)
-Professional, scientific and technical services (-5.1%, -$216 million)
-Transportation and warehousing (-3.9%, -$169 million)
The financial sector's operating profits increased 8.6 per cent in the 3rd quarter with an increase in depository credit intermediation following a decline the previous quarter.
Source:
Quarterly financial statistics for enterprises; CANSIM 187-0002