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 quarter of 2024. Increases were recorded in 6 of the 13 financial industries. The ... (full story)