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Quarterly financial statistics for enterprises, third quarter 2023
Canadian corporations reported a 4.7% increase (+$7.2 billion) in net income before tax (NIBT) to reach $160.3 billion in the third quarter, driven by the financial sector (+6.7%). The non-financial sector (+4.0%) also contributed to the increase in NIBT. Consult the Quarterly Survey of Financial Statistics: Visualization Tool for a comprehensive overview of the quarterly changes in the financial performance of enterprises. In the non-financial sector, NIBT increased $4.5 billion (+4.0%) from the second quarter to $118.8 billion in the third quarter. Overall, NIBT was up in 24 of the 39 non-financial industries. NIBT ... (full story)