For 3rd Quarter
Provided by: StatCan
Official Release: News Release

From the Release: "Canadian corporations earned $77.3 billion in operating profits in the third quarter of 2008, up 7.6% from the second quarter. Profits in the non-financial sector grew 9.1% to $58.1 billion, while those in the financial sector increased 3.3% to $19.2 billion.

These results can be attributed to the strong performance by oil and gas extractors and petroleum and coal manufacturers, and improved margins for other industry groups, despite modest revenue growth.

Revenue growth slowed in the third quarter, but coupled with lower increases in expenses, profits came in higher for 13 of 22 industry groups. Oil and gas extractors and petroleum and coal manufacturers led the way. Banks and other depository credit intermediaries experienced the largest drop in the financial sector, while motor vehicle and parts manufacturers reported the largest operating loss in the non-financial sector."