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August 24, 2026CANADA FINANCIAL STATISTICS FOR ENTERPRISES, Q2 2026 In Q2 2026, Canadian enterprise net income before taxes (seasonally adjusted) was $188.281 billion. All industry categories reported positive income before taxes in Q2 2026, with the exception of telecommunications and motor vehicle manufacturing. The top three industries in terms of their value of income before taxes were reported were miscellaneous financial intermediation ($19.568 billion), banking ($15.576 billion), and oil and gas extraction ($15.369 billion).
Compared with Q1 2026, net income before taxes rose by $15.129 billion across all industries. Net income rose by $4.728 billion for financial/insurance industries, with the largest gain in banking, and the largest decline in local credit unions.
Net income for non-financial industries increased by $10.401 billion, mostly attributable to growth of $7.216 billion in oil and gas extraction and $5.625 billion in petrolium refineries/coal products.
Measured as a share of revenue, income before taxes averaged 11.1% across all industries; 25.1% for financial industries and 9.0% for non-financial industries. Income as a share of revenues was up for both non-financial industries and financial industries in Q2 2026.
Measured as a share of revenue, income before taxes was highest in miscellaneous financial intermediation (70.6% of revenues), followed by securities/commodity exchanges/portfolio management (41.9%), and real estate (36.4%).
Source: Statistics Canada. Table 33-10-0226-01 Quarterly balance sheet and income statement, by industry, seasonally adjusted (x 1,000,000)
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