Healthy rise in income for firms
The average increase in earnings was a strong 21% thanks to Fairfax's and Brookfield's big gains in the quarter
- June 22, 2018 June 21, 2018
- 00:14
The average increase in earnings was a strong 21% thanks to Fairfax's and Brookfield's big gains in the quarter
Had the big banks and life insurers not taken significant charges, the average earnings gain would've been 29% rather than only 6.6%
This year’s “hold the line” budget suggests the Liberals want to save their big guns for next year’s election campaign
Budget 2018 contained little mention of spending toward infrastructure and defence
The resident of Sun Life Financial Inc.’s Quebec division, has been named 2017 Financial Personality of the Year
Some firms with smaller seg fund families - especially RBC, Sun Life and Co-operators - outperformed in 2017
Several key factors affected the relative returns of some mutual fund families
Canada’s growth expected to return to a more sustainable pace
But Brookfield's recent substantial expansion has resulted in a drop of 50.9% in earnings, bringing down the sector's overall growth
Most of the banks performed well, including raising their dividends, although Home Capital cast a shadow over the group