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CANADA DATA: Q3 Business Income -2.5%; Drop Last Seen in Q2 2023

CANADA DATA
CanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Canada Q3 corporate income -2.5% to CAD157B after +1.2% in Q2. The last time this indicator posted a drop was in Q2 2023.
  • Financial sector -5.5% as the number of insurance claims increased during the quarter particularly in property and casualty due to severe weather events.
  • Non-financial sector -1.3%, telecommunications posted the biggest drop amid a decline in advertising demand for TV and radio markets.
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  • Canada Q3 corporate income -2.5% to CAD157B after +1.2% in Q2. The last time this indicator posted a drop was in Q2 2023.
  • Financial sector -5.5% as the number of insurance claims increased during the quarter particularly in property and casualty due to severe weather events.
  • Non-financial sector -1.3%, telecommunications posted the biggest drop amid a decline in advertising demand for TV and radio markets.