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 […]
Drop threatens Canadian living standards
Less than 20% of large cap Canadian equity investment managers beat the benchmark in the first quarter of 2008, according to new data from Russell Investments Canada.That was down from 41% in the fourth quarter of 2007 and was the lowest level since 1999, when Russell began to closely monitor such data. As a result, […]
TSX finishes flat; Dow drops 89 points
BMO Investments Inc. announced that, at shareholders meetings held earlier today, it received approval to proceed with the merger of the BMO U.S. Equity Class Fund into the BMO Global Dividend Class Fund.“As a result of this merger, shareholders of BMO U.S. Equity Class will now have the potential to achieve greater geographic and portfolio […]
Median family income up 2.1% in 2006, nationally
Improved core underwriting results and higher investment returns
Strength in fixed income mandates contributes to growth in assets
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