Sun Life Financial Inc. today reported an increase in profit for the first quarter ended March 31, despite tough market conditions and the stronger Canadian dollar.The company reported a quarterly profit of $533 million, or 93¢ a share, up from $497 million, or 86¢ a share, a year earlier.“Difficult capital markets, global credit pressures and […]
Strength in fixed income mandates contributes to growth in assets
Lower income taxes offset declining fund sales
Insurance and reinsurance operations post underwriting loss
McFeetors succeeds Gratton as chairman
Seamark Asset Management Ltd. today announced a drop in earnings for the first quarter ended March 31.Net earnings for the quarter were $316,000, or 3¢ a share, down sharply from $1.01 million, or 9¢ a share, for the year ago period.Total revenue for the quarter was $3.07 million, down from $4.06 million a year ago.Assets […]
Opens lending operations in Manitoba and Alberta
TSX, MX deal closes today
Credit Suisse Group reported a net loss of 2.1 billion Swiss francs for the first quarter of 2008, after net writedowns of CHF 5.3 billion ($5.32 billion) in leveraged finance and structured products.The loss followed net income of CHF 2.7 billion in the first quarter of 2007. Net revenues on a core results basis were […]
Q2 earnings to be released May 28