Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
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.
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
Prime Minister Justin Trudeau is accusing Conservative Leader Pierre Poilievre of welcoming 'the support of conspiracy theorists and extremists,' after the Conservative leader was photographed meeting with protesters, which his office has defended.
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
One of the two pilots aboard an airplane carrying fuel reported there was a fire on the airplane shortly before it crashed and burned outside Fairbanks, killing both people on board, a federal aviation official said Wednesday.
Police tangled with student demonstrators in Texas and California while new encampments sprouted Wednesday at Harvard and other colleges as school leaders sought ways to defuse a growing wave of pro-Palestinian protests.
A Toronto couple are speaking out about their 'extremely dangerous' experience on board a sinking tour boat in the Dominican Republic last week.
The Edmonton Police Service has released a number of surveillance videos related to a series of extortion cases in the city now dubbed 'Project Gaslight.'
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.