Canadian operating profits near record in 2002

Newswire

OTTAWA, Feb 27 (Reuters) - Canadian corporate operating profits surged by 5.8 percent in 2002 to their second highest level, led by retail and manufacturing companies, Statistics Canada said on Thursday. Canadian corporations racked up C$156.3 billion ($104.9 billion) in operating profits, up from C$147.8 billion in 2001. Only 2000's record of C$173.0 billion was higher. Profits from nonfinancial industries rose 9.6 percent while financial companies saw a 6.5 percent decline. Operating ...

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