Corporate profits up 31.9 per cent to $3.5 billion: banks & refineries

November 24, 2006

Canadian corporate earnings engorged 31.9 % to $3.5 billion with banks (higher interest rates) and petroleum refineries profiting most (July-September 2006). Petroleum refineries & banking rose to $58.4 billion up by 2.8%. Bank profits from raising interest rates alone increased $330 million to $6.1 billion in third quarter.

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