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Quarterly financial statistics for enterprises, first quarter 2014

Canadian corporations earned $88.6 billion in operating profits in the first quarter, up 7.4% from the previous quarter. This increase followed a 0.5% decrease in the fourth quarter of 2013. Overall, operating profits rose in 13 of 22 industries.

Chart 1 
Quarterly operating profits

Chart description: Quarterly operating profits

CSV version of chart 1

In the non-financial sector, operating profits grew 9.3% to $65.6 billion in the first quarter, following a 0.5% increase in the previous quarter. The energy sector (oil and gas extraction combined with petroleum and coal manufacturing) accounted for more than half of the increase in overall operating profits in the first quarter, rising 47.0% to $9.9 billion.

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