Overall, Canadian corporations earned $91.4 billion in operating profits in the second quarter, up $60 million or 0.1% from the first quarter. An increase in operating profits for the non-financial industries was offset by a decrease in the financial industries.

Compared with the second quarter of 2016, operating profits for Canadian corporations were up 25.5% in the second quarter.

In the non-financial industries, operating profits increased 2.6% from the first quarter to $62.1 billion in the second quarter, while operating revenues increased 1.4% or $12.5 billion. Overall, operating profits were up in 14 of 17 non-financial industries.

Compared with the second quarter of 2016, operating profits for Canadian non-financial corporations increased 21.3% in the second quarter.