Business outlook worsened in Q3 amid higher interest rates: StatCan - National | Globalnews.ca

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Business outlook worsened in Q3 amid higher interest rates: StatCan

Net income before taxes for oil and gas extraction was down 3.4 per cent as gas prices were lower during the quarter.

Statistics Canada says the construction industry was less profitable in the third quarter, seeing its net income before taxes decline 11.1 per cent due to higher costs, especially wages and materials.

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