Edition:
United States

Nichola Saminather

Sun Life earnings beat estimates on fewer U.S. health claims, investment impact

Aug 06 2020

TORONTO Sun Life Financial Inc beat analyst estimates for second-quarter core earnings on Thursday, helped by lower claims on some health plans, particularly in the United States, and the positive impact of investing activity.

UPDATE 1-Manulife says cost containment to be key driver of targeted 10%-12% core earnings growth

Aug 06 2020

TORONTO, Aug 6 Manulife Financial Corp's focus on containing costs will be a key driver of its target of 10% to 12% growth in core earnings per share next year and beyond, its chief executive said on Thursday.

Canada's Manulife core profit beats expectations, rises on fewer payouts and markets

Aug 05 2020

TORONTO Manulife Financial Corp on Wednesday comfortably beat analyst estimates for second-quarter core profit, which rose from a year earlier due in part to favorable policyholder experience and market impacts.

Royal Bank of Canada to let most staff work from home into 2021 -memo

Jul 30 2020

TORONTO, July 30 Royal Bank of Canada will allow most employees to keep working from home into 2021, although a "very small number" of staff in the greater Toronto area may return to workplaces in mid- to late- September, according to an internal memo seen by Reuters on Thursday.

Canadian insurers set for double-digit quarterly profit drop amid COVID-19

Jul 30 2020

TORONTO Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has ushered in decade-low interest rates and weighed on sales.

REFILE-PREVIEW-Canadian insurers set for double-digit drop in quarterly profits amid COVID-19

Jul 30 2020

TORONTO, July 30 Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown ushered in decade-low interest rates and weighed on sales.

Bank of Canada governor's promise of low rates could spur housing speculators

Jul 16 2020

TORONTO Bank of Canada Governor Tiff Macklem's reassurance that interest rates will remain low for at least two years could unleash a wave of speculative demand in the country's hottest housing markets, realtors and mortgage brokers warned.

Bank of Canada governor's low rate promise could spur housing speculators

Jul 16 2020

TORONTO, July 16 Bank of Canada Governor Tiff Macklem's reassurance that interest rates will remain low for at least two years could unleash a wave of speculative demand in the country's hottest housing markets, realtors and mortgage brokers warned.

Gaps in Canadian surveillance technology spark concerns about traders working from home

Jul 15 2020

TORONTO The shift to Canadian traders working from home is putting the systems used to monitor their activity to the test, with some experts saying the technology needs to be more robust to secure against unauthorized activity or possible insider trading.

RBC commits C$150 million to diversity push, aims for more minority executives

Jul 10 2020

(This July 6 story corrects to say Canadian Imperial Bank of Commerce has one black board director instead of "none of the top six banks had either a Black CEO or a board member")

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