Corporate profits

Corporate profits in Canada hit record highs in 2019

The financial sector led the way, with profits rising 10.6% in the fourth quarter to $ 37.2 billion. Within the industry, the insurance business drove higher profits, while the banking segment saw its operating profit decline 2.5% due to lower non-interest income. Credit union profits also jumped 21.6% in the quarter to $ 1.3 billion, […]

Annual profits

Annual profits and innovation set Sleep Number apart from up-to-date mattress manufacturers

Sleep Number posted record results for the fourth quarter and year, solidifying its strategy to market itself not just as a mattress retailer, but as a health and wellness company – a position to which competitors aspire. like Casper. For the fourth quarter, the Minneapolis-based adjustable mattress maker and retailer earned $ 24.1 million, or […]

Foreign investments

Removal of tax on dividend distributions will help attract foreign investment

In a bid to revive the Indian economy and restart an investment cycle in India, Finance Minister Nirmala Sitharaman, in an unprecedented move, reduced the corporate tax rate to 15% for new manufacturing companies and 22% for other companies. To move forward in this direction, the 2020 Union budget gives new impetus by abolishing the […]