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In pictures: 10 Canadian companies whose profits plunged last year

Report on Business Magazine's Top 1000 rankings list Canada's 1,000 biggest public companies by profit. They are ranked according to their after-tax profits in their most recent fiscal year, excluding extraordinary gains or losses. These 10 companies saw the biggest drops on the 2012 list, when compared to their ranking last year. The companies appear in descending order, from the biggest drop to the tenth-biggest drop.

1 of 10

Sun Life Financial. Last year’s rank: 16. This year’s rank: 985. 2010 profit: $1.68-billion. 2011 loss: $200-million. Profit change: Down 113 per cent. Rank change: Down 969 on the Top 1000.

Michelle Siu/The Globe and Mail

2 of 10

Thomson Reuters Corp. Last year’s rank: 36. This year’s rank: 998. 2010 profit: $933-million. 2011 loss: $1.39-billion (U.S.). Profit change: Down 249 per cent. Rank change: Down 962 on the Top 1000.

SIMON NEWMAN/REUTERS

3 of 10

Kinross Gold. Last year’s rank: 39. This year’s rank: 999. 2010 profit: $772-million. 2011 loss: $2.07-billion (U.S.). Profit change: Down 373 per cent. Rank change: Down 960 on the Top 1000. (Pictured: CEO Tye Burt.)

MIKE CASSESE/REUTERS

4 of 10

Agnico-Eagle Mines. Last year’s rank: 67. This year’s rank: 996. 2010 profit: $332-million. 2011 loss: $596-million (U.S.). Profit change: Down 271 per cent. Rank change: Down 929 on the Top 1000. (Pictured: CEO Sean Boyd.)

MARK BLINCH/REUTERS

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5 of 10

Heritage Oil. Last year’s rank: 26. This year’s rank: 954. 2010 profit: $1.22-billion (U.S.). 2011 loss: $67-million. Profit change: Down 105 per cent. Rank change: Down 928 on the Top 1000. (Pictured: Crude oil from Tullow Oil displayed in Uganda's capital city, Kampala. Heritage Oil and Tullow Oil co-discovered oil in Uganda in 2006.)

Stephen Wandera/AP

6 of 10

Yellow Media. Last year’s rank: 83. This year’s rank: 1000. 2010 profit: $274-million. 2011 loss: $2.83-billion. Profit change: Down 1,351 per cent. Rank change: Down 917 on the Top 1000. (Pictured: CEO Marc Tellier.)

Graham Hughes/THE CANADIAN PRESS

7 of 10

Pinetree Capital. Last year’s rank: 77. This year’s rank: 993. 2010 profit: $296-million. 2011 loss: $298-million. Profit change: Down 200 per cent. Rank change: Down 916 on the Top 1000. (Pictured: Marshall Auerback, corporate director and company spokesperson during a recent BNN interview.)

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8 of 10

Air Canada. Last year’s rank: 147. This year’s rank: 991. 2010 profit: $107-million. 2011 loss: $255-million. Profit change: Down 673 per cent. Rank change: Down 844 on the Top 1000.

Michelle Siu/THE CANADIAN PRESS

9 of 10

Rona Inc. Last year’s rank: 124. This year’s rank: 961. 2010 profit: $143-million. 2011 loss: $78-million. Profit change: Down 157 per cent. Rank change: Down 837 on the Top 1000. (Pictured: President and CEO Robert Dutton.)

CHRISTINNE MUSCHI/REUTERS

10 of 10

Canfor Corp. Last year’s rank: 115. This year’s rank: 941. 2010 profit: $161-million. 2011 loss: $57-million. Profit change: Down 170 per cent. Rank change: Down 826 on the Top 1000. (Pictured: The Canfor sawmill in Quesnel, B.C.)

JOHN LEHMANN/The Globe and Mail

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