Canadian businesses net income before taxes down 8% in Q2 2020

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Canadian businesses net income before taxes down 8% in Q2 2020

  • Net income before taxes declined by C$ 4.5 billion quarter-over-quarter (QoQ) to C$ 52.3 billion in Q2.
  • Operating revenue declined 11.6% QoQ to $940 billion.
  • Transportation and transportation support activities, postal and couriers services hardest hit with net income before taxes down 243.5% QoQ.

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