2011 profits down across the board in Q2?4.9%?24.1%?8.3%?7.9%Q2 profits (overall) Q2 profits (coal and petroleum products )Q2 profits (manu-facturing)Q2 profits (financial sector)
Corporations in Canada posted operating profits of $64 billion (seasonally adjusted) in the second quarter of 2011, a decrease of 4.9% over the first quarter. A 24.1% drop in profits for manufacturers of petroleum and coal products contributed most substantially to a decline in the manufacturing industry (-8.3%). Meanwhile, both retail and wholesale trade lost ground. Higher actuarial liabilities for life insurers pushed overall profits in the financial sector down 7.9%.
