CAD Corporate Profits q/q
It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their earnings can be an early signal of future economic activity such as spending, hiring, and investment;
- CAD Corporate Profits q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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May 24, 2024 | 0.6% | 2.7% | |
Feb 23, 2024 | 2.7% | 4.7% | |
Nov 23, 2023 | 4.7% | -2.0% | |
Aug 24, 2023 | -2.0% | -5.6% | |
May 24, 2023 | -5.6% | 7.3% | |
Feb 23, 2023 | 7.3% | -8.1% | |
Nov 23, 2022 | -8.1% | 6.5% | |
Aug 24, 2022 | 6.5% | 1.9% |
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- CAD Corporate Profits q/q News
- From statcan.gc.ca|May 24, 2024
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 ...
- From statcan.gc.ca|Feb 23, 2024
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 ...
- From statcan.gc.ca|Nov 23, 2023
Canadian corporations reported a 4.7% increase (+$7.2 billion) in net income before tax (NIBT) to reach $160.3 billion in the third quarter, driven by the financial sector (+6.7%). The non-financial sector (+4.0%) also contributed to the increase in NIBT. 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, NIBT increased $4.5 billion (+4.0%) from the second quarter to $118.8 billion in ...
- From statcan.gc.ca|Aug 24, 2023
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 ...
- From statcan.gc.ca|May 24, 2023
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 ...
- From statcan.gc.ca|Feb 23, 2023
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 ...
- From statcan.gc.ca|Nov 23, 2022
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 ...
- From statcan.gc.ca|Aug 24, 2022
Rising commodity prices kept contributing to the high inflation level recorded in the second quarter, which led the Bank of Canada to increase its policy rate by 100 basis points to cool-off inflation. These macroeconomic events impacted the operations of the Canadian corporate sector during the second quarter. Amid this backdrop, Canadian corporations reported a quarterly increase of 6.5% in net income before taxes (NIBT) in the second quarter. The non-financial sector drove the gain, recording a growth of 10.2% in NIBT. Consult the ...
Released on May 24, 2024 |
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Released on Feb 23, 2024 |
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Released on Nov 23, 2023 |
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Released on Aug 24, 2023 |
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Released on May 24, 2023 |
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Released on Feb 23, 2023 |
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Released on Nov 23, 2022 |
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Released on Aug 24, 2022 |
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