Profit for enterprises almost halved decline in the fourth quarter

Profit for enterprises almost halved decline in the fourth quarter

Profit for enterprises almost halved decline in the fourth quarter StatsCan has published data that shows a decline in operating profits for corporations of 2.8 per cent in the fourth quarter to $89.4 billion. It follows a 5.2 per cent drop in the third quarter and shows some optimism with 13 of the 22 industries increasing their profits. Manufacturing and oil were among those losing out while retail and transportation were among those increasing earnings.