16 Aug 2011

Canada corporations’ profits expected to decline

Some of Canada's major corporations are expected to see revenues fall in the second half of the year, according to the latest report issued by the Conference Board of Canada.

Based on the CBC's Leading Indicator of Industry Profitability index, earnings will falll for the first time in more than a year.

Lin Ai, an economist with with the CBC, said Canadian businesses are being affected by global instability in countries' financial markets.

"The dismal economic recovery south of the border, as well as supply-chain disruptions linked to the Japanese earthquake and the dampening effects of rising inflation on consumer spending have all contributed to the deteriorating profitability outlook," said Ai.

While most of the losses are believed to affect the manufacturing sector, the CBC says real estate and insurance companies will be as well, primarily due to declining consumer confidence and weak spending.

Another potential factor for corporations' losses, according to the source, is rising debt levels due to company expenses.

Though the report concerns major industries, most of them started as small businesses. Entrepreneurs with hopes of making it big may want to consider renting out a space through Jiffy Home Office. It can serve as an ideal way to expand a home business venture on a budget. 

Be Sociable, Share!

Related Articles [3]

2 Tips For Choosing The Right Packing Supplies

February 12th, 2016
Having a pre-prepared list of all of the packing supplies you will need to move your belongings into a storage unit or a new home will make the move much less stressful. For...

How Renting A Storage Space Helps Your Business’ Revenue

January 15th, 2016
It might not seem immediately obvious, but how you utilize your office space can have a direct and observable impact on your business’ revenue. Make sure that you are...

How To Set Up A Small Office Space

January 11th, 2016
Most of us haven’t attained the cushy corner office yet, complete with sitting area, bar and L-shaped executive desk so we have to make do with less space. This means that...

Leave a Comment

Recent Posts

Blog Categories


Subscribe to RSS Feeds
Essential SSL