Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Sun Life Financial Inc. says its net income increased 73 per cent to $900 million in its latest quarter on market-related improvements particularly from higher interest rates
The Toronto-based insurer reported after markets closed Wednesday that its profit in the second quarter amounted to $1.53 per share, up from 88 cents per share or $519 million a year earlier.
Underlying net income rose 19.5 per cent to $883 million or $1.50 per share, up from $739 million or $1.26 per share in the second quarter of 2020.
Analysts on average expected Sun Life to post $1.47 per share in adjusted profits, according to financial data firm Refinitiv.
Insurance sales increased nearly 15 per cent to $710 million while wealth sales slipped 2.9 per cent to $55 million from $56.6 million in the year-ago period.
The value of new business rose to $284 million from $206 million.
"Sun Life delivered a strong second quarter driven by momentum in all four pillars, which reflects our ability to execute on our strategy, the priority clients are placing on health and financial security and our continued focus on enhancing digital capabilities," stated incoming CEO Kevin Strain.
Strain is succeeding Dean Connor, who retires Friday as CEO after 15 years with Sun Life, including 10 years as chief executive.
"Dean built a strong foundation for the future, including Sun Life's entry into the alternative asset management space and our growth in Asia."
Canada was the biggest contributor to net profits in the quarter, accounting for $404 million or the $900 million as insurance sales grew 30 per cent to $196 million and wealth sales were up 47 per cent to $3.8 billion.
This report by The Canadian Press was first published Aug. 5, 2021.
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.