The Toronto-based investment management firm cites Covid-19 disruption
The Covid-19 pandemic helped push the company into a first-quarter loss of US$157 million
The firm's surplus earnings dropped 29% year over year
The results differed from analyst projections
Market drop related to Covid-19 affected firm's AUM
Amid the pandemic, earnings decrease but sales persevere
The online merchant platform beat analyst expectations in Q1
CEO Roy Gori expects the pandemic will demonstrate the value of diversified wealth management
Market declines contributed to the plunge
Air Canada, Shopify and oil company earnings will show the pandemic's impact on different sectors