Canadian Corporate Profits Plunge
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•Posthaste: Profit and investment plunge signal trouble for Corporate Canada
74% Informative
For non-financial corporations, profits fell to their lowest levels since the pandemic.
Telecoms and mining and quarrying posted the biggest declines, with both sectors struggling with higher costs.
The economy grew 1 per cent in the third quarter , but if it wasn’t for the population boom it would have been in contraction.
Today ’s Posthaste was written by Pamela Heaven , with additional reporting from Financial Post staff, The Canadian Press and Bloomberg .
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