Canadian corporations earned $86.8 billion in operating profits in the fourth quarter, up 3.6% from the previous quarter. The operating profits in the non-financial and the financial industries were both up by $1.5 billion.

Overall, operating profits for Canadian corporations rose 13.2% compared with the fourth quarter of 2015.

n the non-financial industries, operating profits increased 2.6% from the third quarter to $58.7 billion in the fourth quarter on a $7.5 billion increase in operating revenues. Overall, profits were up in 14 of 17 non-financial industries.

Operating profits for Canadian non-financial corporations increased 11.9% compared with the fourth quarter of 2015.