Payroll Employment: Corporate Profitability

corporate profitability: The data agency said Tuesday corporate profitability increased by 1.4 per cent during the previous quarter, according to CBC. "Under these circumstances, we expect growth in business investment and payroll employment to be fairly modest this year." Insurance profit declines 16% Statistics Canada says Canadian corporations took in $74 billion worth of operating profits in the first three months of 2013, down 1.2 per cent from the amount they made in the last quarter of 2012. Corporate profitability "is likely to remain under considerable pressure this year," boutique research firm Capital Economics said in a note following the release of the data. (www.immigrantscanada.com). As reported in the news.