In Q4 2023, the margin rate of non-financial corporations (NFCs) remained stable at 32.9%. On the one hand, it was adversely affected by increases in the real cost of labour per capita and the property tax on professional buildings, and by a slight drop in productivity. On the other hand, domestic terms of trade improved for resident companies, mainly as a result of the decline in oil and gas prices. Across 2023 as a whole, despite a drop in productivity, the margin rate of non-financial corporations (NFCs) increased...