Operating profits dropped 11% in the financial sector
Despite the weak earnings, financial flexibility remains strong, Moody’s says
Corporate earnings have surprised on the upside, yet more than half of companies have failed to beat expectations
Canadian businesses saw a rise in assets, operating revenue, profit margins and capital investments over the past year
Lower contribution from Great-West Lifeco
Investors Group unit sees increase in fund and insurance sales
Revenues up 16%
Revenue down from year ago
Low interest rates and higher market volatility mean future returns may differ greatly from today’s pricing assumptions
Wealth manager focused on building investment management teams