Manulife: Sun Life Financial Inc

Sun Life Financial Inc: TORONTO The focus on earnings moves to the financial sector this week as traders wait for reports from insurance giants Manulife Financial Corp. and Sun Life Financial Inc, according to The Chronicle Herald. The reports, Sun Life on Wednesday and Manulife on Thursday, come at a time when both stocks are trading close to their 52-week highs. Sun Life has risen 62 per cent from its 52-week low to $33.95 while Manulife has surged 81 per cent from its low for the year to $18.74 and The Toronto market ended the week with a modest loss of 45 points or 0.35 per cent following the release of a slew of earnings from corporate Canada, particularly from the resource sector. The materials sector was the biggest drag after fertilizer producers PotashCorp of Saskatchewan and Agrium racked up huge losses after Russian producer Uralkali opted to break up a powerful cartel. The move raised concerns that potash prices could fall by around 25 per cent. (www.immigrantscanada.com). As reported in the news.