Canadian corporations earned $79.0 billion in operating profits in the third quarter, down 5.4% from the previous quarter. The decrease resulted from a $2.4 billion drop in profits in the financial sector and a $2.1 billion decline in non-financial enterprises. This decline followed a 15.7% increase in the second quarter. Overall, operating profits were up in 12 of 22 industries. In the non-financial sector, third quarter operating profits fell 3.7% to $54.3 billion, following a 2.5% increase in the second quarter. Chart 2 Chart 2: Quarterly change in operating profits Quarterly change in operating profits Chart 2: ... (full story)