Canadian Q3 corporate profits +14.0% q/q vs -3.4% prior

Quarterly profit numbers from Statistics Canada
– Companies earned $80.7 billion in profits in Q3
– Profits down 1.1% y/y
– The increase was led by a $6.5 billion gain in profits in finance and insurance industries
Food and soft drink manufacturing profits were solid, and to a lesser extent so were machinery and equipment wholesalers.