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61-008-XWE
Quarterly Financial Statistics for Enterprises
First quarter 2006

Highlights
  • Canadian corporate operating profits declined 2.6% to $56.1 billion in the first quarter of 2006, following five straight quarters of growth. Nevertheless, first quarter profits were the second strongest ever, surpassed only by the all-time high of $57.6 billion earned in the fourth quarter of 2005. Oil and natural gas export prices weakened in the first quarter, reducing profits in the oil and gas sector. A string of price increases had fueled a run-up in oil and gas profits over the past several quarters, a major factor in the recent overall profit growth.

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Date Modified: 2006-06-16 Important Notices