Sun Life says return of COVID-19 lockdowns in parts of Asia contribute to Q3 uncertainties By Reuters

Fed hikes by 0.25% in further downshift on tightening, but sees more hikes ahead

Sun Life says return of COVID-19 lockdowns in parts of Asia contribute to Q3 uncertainties

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Sun Life says return of COVID-19 lockdowns in parts of Asia contribute to Q3 uncertainties

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TORONTO, Aug 7 (Reuters) - Sun Life Financial SLF.TO said
on Friday strong wealth sales, particularly from Asia, in the
second quarter helped offset declines elsewhere but the return
of pandemic-driven lockdowns in parts of the region make for an
uncertain third quarter.
On Thursday, Sun Life reported core earnings that beat
analyst expectations, driven by fewer claims in some U.S. health
plans and gains from investments, even as insurance sales
dropped 6%. Sun Life shares opened up 0.7% on Friday but pared gains to
trade up 0.1% to C$54.05 in early trade in Toronto, versus a
0.3% decline in the Toronto stock benchmark .GSPTSE .

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