-
Quarterly financial statistics for enterprises, third quarter 2020
The third quarter marked a gradual resumption of economic activity across the country with Canadian corporations reporting a 44.9% increase in net income before taxes, an increase of $25.1 billion to $81.0 billion. Operating revenue rose 10.2 %, to $1,058.8 billion during the quarter. As health restrictions began lifting during the quarter, many non-financial sectors witnessed a resurgence of activity. Net income before taxes in the non-financial sector increased 64.0% (or $18.6 billion) to $47.6 billion, after declines in the previous quarter associated with COVID-19-related restrictions. Net income before taxes in ... (full story)