Canadian corporate profits are expected to fall in the second half of the year according to the US economics talks exporters and consumer confidence weakens.
The board's leading indicator of profitability, which tracks 49 industries, compareing to first time in almost a year, falling by 0.1%.
I18 industries recorded drops in their indexes in July, the most since the autumn of 2009. Export-heavy industries closely linked to growth in the U.S. economy, such wood, chemicals and machinerymanufacturing, all declined. The insurance and real estate industries seen falling off as well.
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