๐ Canada's Q2 operating profit jumps
Canadian corporations reported an operating profit of $228.2 billion in the second quarter of 2026. This increase was seen in Canada across all industries, driven mainly by non-financial sectors. Compared to the previous quarter, the profit rose by $20.1 billion, which is a 9.7% jump. Year-over-year, the operating profit saw a significant increase of $29.7 billion, marking a 15.0% rise. Future developments will be watched as the Treasury potentially uses its General Account to influence long-term bond yields. ๐