TORONTO, Aug 7 (Reuters) – Manulife Financial Corp
unexpectedly hiked its dividend for the first time since the
financial crisis on Thursday, as it reported quarterly profits
that jumped on stronger financial markets but was just shy of
Investors have awaited an improved dividend since Canada’s
largest insurer halved the payout in 2009 as it struggled to
preserve capital amid plunging markets and unprofitable
VANCOUVER/TORONTO (Reuters) – A Canadian couple detained in China amid spying allegations made regular trips to deliver goods to North Korea, their close friend and pastor said on Wednesday, and set up a British Columbia-based organization to collect funds for their work.
Rich Kao, head minister at a small church just outside Vancouver that backs the Garratt’s North Korea-focused charity, North Star Aid, said the trips were humanitarian ventures.
TORONTO, Aug 1 (Reuters) – Quebec’s securities regulator is
investigating Fairfax Financial Holdings Ltd, its chief
executive officer and president for possible illegal insider
trading as well as tipping, or passing along sensitive
information, Fairfax said.
Fairfax, a Canadian property and casualty insurer,
disclosed the information late Thursday in its second-quarter
TORONTO, July 31 (Reuters) – Canadian Imperial Bank of
Commerce has named wealth management head Victor Dodig
as its next president and chief executive, replacing Gerry
McCaughey who will retire in September.
The changing of the guard at Canada’s fifth-largest bank
announced on Thursday follows recent succession moves at larger
rivals Royal Bank of Canada, Toronto-Dominion Bank
and Bank of Nova Scotia, as the generation that
took the reins of the country’s lenders in the early-to-mid
2000s makes way for new blood.
TORONTO, July 30 (Reuters) – Intact Financial Corp,
Canada’s largest property and casualty insurer, said on
Wednesday its profits doubled in the second quarter, adding that
the insurer had invested in a small insurance brokerage in
Intact said the sharp profit growth was due to extreme
flooding in Alberta last year, which had squeezed profits in the
TORONTO (Reuters) – Noah Baumbach’s “While We’re Young” and Ed Zwick’s “Pawn Sacrifice” will be among the world premieres at this year’s Toronto International Film Festival, one of the top movie showcases and a favored platform to unveil Oscar contenders.
The festival on Tuesday announced about 60 titles, including many of the high-profile gala presentations that will unspool at the 39th version of the Sept. 4-14 event. Departing with recent practice, festival organizers did not announce the opening film, and said that would be determined closer to the event.
TORONTO (Reuters) – Toronto Mayor Rob Ford said on Monday he had been in “complete denial” about his drinking and drug use before entering a rehabilitation clinic two months ago, and admitted that his struggle against substance abuse will never end.
Ford made comments as he returned to city hall and rejoined a re-election campaign where he is running in second place, according to a recent poll. He took leave on April 30, saying at the time he needed to deal with an alcohol problem.
TORONTO, June 16 (Reuters) – In anyone’s missed Toronto
Mayor Rob Ford’s scandalous confessions, expletive-laden videos
and Jimmy Kimmel appearances over the past year, a new
theatrical production is bringing his honor’s story to the
“Rob Ford the Musical: Birth of a Ford Nation” held
auditions in Toronto on Monday for a show expected to open in
mid-September, just ahead of October’s mayoral election. Ford,
who has entered rehab for substance abuse, is currently taking a
break from his reelection campaign.
OTTAWA, June 12 (Reuters) – Four independent experts
endorsed on Thursday the Canadian military’s evaluation of
options to replace its aging fleet of fighter jets, setting the
stage for the government to decide whether or not to go ahead
with previous plans to buy F-35 Joint Strike Fighters.
Ottawa scrapped its plan to buy 65 Lockheed Martin Corp
F-35s in 2012, after an official watchdog said officials
had grossly downplayed the cost of maintaining and operating the
TORONTO, June 10 (Reuters) – Two days before election day in
the Canadian province of Ontario and polls show a dead heat
between a left-leaning Liberal government that many feel has
overstayed its welcome and an austerity-minded Conservative
opposition that has failed to capture the imagination of voters.
Voters will decide on Thursday whether to return Premier
Kathleen Wynne’s Liberals to power in Canada’s most populous
province or hand the reins to Tim Hudak’s Conservatives. The
polls show they are finding it a grim choice.