Government of Nova Scotia, Canada
Header - Service Directory

Use the Services Directory to quickly access information on all of the services provided by the NS Department of Finance.

Home > Economics and Statistics > Archived Daily Stats > Selected Archived Daily Stats Article
The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.

<--- Return to Archive

For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

November 24, 2017
QUARTERLY FINANCIAL STATISTICS FOR ENTERPRISES, 3RD QUARTER 2017

Canadian corporations earned $100.5 billion in operating profits (seasonally adjusted) in the 3rd quarter of 2017, increasing 8.5 per cent compared to the previous quarter. Compared to Q3 2016, operating profits were 17.2 per cent larger.

The non-financial sector operating profits (seasonally adjusted) were up 3.3 per cent to $65.6 billion in the 3rd quarter with gains in 11 of the 17 non-financial industries. Profits rose in retail trade (+0.7%) and wholesale trade (+2.3%). Manufacturing profits increased 11.2 per cent with gains in 9 of 13 subsectors; most of the increase was attributable to petroleum and coal products manufacturing with higher oil prices.

Operating profits increased 20.0 per cent in the financial industries. Depository credit intermediation increased 9.6 per cent from higher interest rates and lower opertaing expenses. Insurance carrier profits accounted for most of the dollar increase with increases among life, helath and medical insurance carriers from changes in the fair value adjustments of actuarial liabilities.

 

 

 

For year-to-date (2017 Q1-Q3 compared to 2016 Q1-Q3), operating profits increased $49.3 billion (+20.9%). An increase in non-financial industries of 20.7 per cent ($32.6 billion) accompanied a 21.4 per cent gain in the financial sector (+$16.7 billion).

 

Source: Quarterly financial statistics for enterprises; CANSIM 187-0002



<--- Return to Archive