Statistics Canada had published: over a quarter of all firms (27.2 percent) projected their profitability to fall in the following three months, while 13.7 percent expected their profitability to rise. Nearly three-fifths of firms (56.5 percent) predicted that profits would stay stable. The profitability expectations for the future vary per industry.

For example, almost two-fifths of firms in the lodging and food services sector projected profitability to fall (39.3%) or stay the same (38.0%), while nearly one-fifth (22.4%) expected profitability to rise.

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