Canadian corporations earned $72.9 billion in operating profits in the second quarter, down 3.4% from the previous quarter. The decrease was attributable to a $3.2 billion decline in profits for insurance carriers. Year over year, overall operating profits for Canadian corporations fell 15.3% compared with the second quarter of 2015. Chart 1 Chart 1: Quarterly operating profits Quarterly operating profits Chart 1: Quarterly operating profits Non-financial industries In the non-financial sector, operating profits edged up 0.9% to $50.8 billion in the second quarter on stable operating revenues. Overall, profits were ... (full story)