Michelle Schriver
Winnipeg-based Great-West Lifeco Inc. (GWL) reported “solid” first-quarter earnings this week, and subsidiary Canada Life spoke to Advisor.ca about the rationale behind a recent distribution change that affects advisors.
GWL’s net earnings were $707 million, or $0.76 per common share, for the first quarter of 2021 compared with $342 million, or $0.37 per common share, for the same quarter last year, the firm reported. Net earnings in the previous quarter were $912 million, or $0.98 per common share.
Base earnings for the first quarter of 2021 were $739 million, or $0.80 per common share, compared with $543 million or $0.59 per common share a year ago. The results compared with $741 million, or $0.80 per common share, the previous quarter.
Michelle Schriver
Winnipeg-based Great-West Lifeco Inc. (GWL) reported “solid” first-quarter earnings this week, and subsidiary Canada Life spoke to InvestmentExecutive.com about the rationale behind a recent distribution change that affects advisors.
GWL’s net earnings were $707 million, or $0.76 per common share, for the first quarter of 2021 compared with $342 million, or $0.37 per common share, for the same quarter last year, the firm reported. Net earnings in the previous quarter were $912 million, or $0.98 per common share.
Base earnings for the first quarter of 2021 were $739 million, or $0.80 per common share, compared with $543 million or $0.59 per common share a year ago. The results compared with $741 million, or $0.80 per common share, the previous quarter.
The Daily Chase: Bad news is good news jobs reports; Why Michael Lee-Chin is hoarding cash
Weâve seen two big downside surprises on the jobs front this morning. In Canada, the economy shed 207,100 jobs last month. That was more than economists expected and shows the labour market moved into reverse under the weight of new COVID restrictions. But the big surprise is on the other side of the border. The worldâs largest economy only added 266,000 jobs in April - falling way short of Wall Streetâs prediction for a gain of 1 million. But as Frances Donald from Manulife Investment Management told us in her instant analysis, âbad news is good newsâ for these equity markets that have come to crave low rates.
This annual report details the company s efforts to improve the well-being of Canadians. For 2020, it focused on how during the pandemic, the 170-year-old insurance and wealth provider followed through on its promises and directed additional support where it was needed most.
Canada Life 2020 public accountability statement. At Canada Life, we recognized that we had to play a part in continuing to support our communities needs during COVID-19 and beyond, said Paul Mahon, President and Chief Executive Officer, Canada Life. That s why we focused on tangible support to quickly reach those most in need – like funding for supplies and personal protective equipment for frontline healthcare workers and boosting our support for food banks across Canada.
Forging community spirit in Carbury in times of Covid-19
Pride: Local residents supporting each other and looking after their environment in lockdown
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Over 2.5 tonnes of rubbish has been removed from roadsides, hot meals delivered to those who need it, and local businesses buoyed by local support as the Carbury community united in the face of lockdown after lockdown.
When the blight of Covid first stalked Kildare in 2020, bringing with it a wave of fear and uncertainty, volunteers stepped up. The Carbury Community Facebook page was born.
“There were obviously a lot of people that couldn’t get out, they couldn’t get their medication or do their shopping,” said Derrinturn resident, Paul Mahon.