Canadian corporations’ operating profits sat virtually unchanged through the third quarter of 2010 at $61.5 billion, according to a report by Statistics Canada.
Profits in the mining and quarrying industry dropped 3.7 per cent to $1.7 billion.
However, manufacturers saw a 0.6 per cent increase to $10.8 billion. This came from primary metal manufacturers, whose profits increased by $147 million, as well as motor vehicle and parts manufacturers, where profits by $253 million.
Petroleum and coal products manufacturers saw a $303-million decline.
Wholesalers’ operating profits sank by three cent to $5 billion. This was mainly due to a 11.3 per cent decrease in profits for machinery, equipment and supplies wholesalers, and a 7.1 per cent decline in profits for building material and supplies wholesalers.
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