![Canadian companies see 1.5% income rise in Q2](https://cdnuploads.aa.com.tr/uploads/Contents/2024/08/23/thumbs_b_c_600ac8a8367b714cb1795c135f7fa954.jpg?v=190816)
ISTANBUL
Canadian corporations reported an increase of 1.5%, or $2.4 billion, in net income before taxes (NIBT) in the second quarter of this year, according to official figures released on Friday.
The gain was driven by an increase in the non-financial sector with 3%, but partially offset by the financial sector with a decline of 1.8%, Statistics Canada said in a statement.
NIBT of primary metal and fabricated metal product, and machinery manufacturing industry, was up 10.2%, or $326 million.
This was followed by the transportation, postal and couriers services, and support activities for transportation industry, which rose $323 million.
Petroleum and coal product manufacturing industry also recorded increase of $307 million in the second quarter, due to higher price of energy and petroleum products.
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.