Canada Economy: 2010 Saw 21 Per Cent Corporate Profit Jump As Economy Grew 2.8 Per Cent

Canada Economy 2010 Corporate Profits Jump

First Posted: 11/08/11 09:03 AM ET Updated: 11/08/11 09:03 AM ET

OTTAWA - Real gross domestic product increased in every province and territory in 2010, a rebound from the previous year when most provinces recorded declines or no gain.

Nationally, real GDP increased 3.2 per cent after a 2.8 per cent contraction in 2009.

Nationally, business investment increased in the three major categories of fixed capital: residential structures, non-residential structures as well as machinery and equipment.

Corporate profits rose 21 per cent as commodity prices and overall demand increased.

Output in all major goods-producing industries and services-producing industries was up in 2010, while exports increased 6.4 per cent.

The resource-based economies of Alberta, Saskatchewan and Newfoundland and Labrador recorded increases in real GDP above the national average.

Output rose 6.1 per cent in Newfoundland and Labrador, the largest increase among the provinces.

In the territories, Nunavut recorded the largest increase, at 11 per cent.

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OTTAWA - Real gross domestic product increased in every province and territory in 2010, a rebound from the previous year when most provinces recorded declines or no gain. Nationally, real GDP incre...
OTTAWA - Real gross domestic product increased in every province and territory in 2010, a rebound from the previous year when most provinces recorded declines or no gain. Nationally, real GDP incre...
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HUFFPOST SUPER USER
kenl77
03:37 PM on 11/08/2011
Thank goodness the Conserative Government of Canada is cutting corporate taxes again next year. How can our capitalist society survive on such paltry annual profit increases as 21%?
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Jay from Ottawa
sovereignty sale, 1.3T OBO
01:47 PM on 11/08/2011
Corporate profits only rose 21% ? Quick ! Someone call Harper so we can lower their taxes some more.