WORKLIFE IN BRIEF

Canadian Tire buys Sher-Wood’s global hockey brands

TORONTO (CP) — Canadian Tire Corp. says it has acquired Sher-Wood Athletics Group Inc.’s global hockey trademarks.

The retailer says INA International Ltd., a division of the company, acquired the trademarks.

It says the deal also includes Sher-Wood’s related inventory.

The Sherbrooke, Que.-based company has been in operation for more than 60 years. It manufactures and distributes hockey gear and hockey licensed products.

Canadian Tire did not provide details about the acquisition and Sher-Wood declined to comment on details of the transaction.

Sun Life beats expectations

TORONTO (CP) — Sun Life Financial Inc. has reported that its profits rose in the latest quarter, beating market expectations due in part to growth in its wealth businesses.

The Toronto-based company, primarily known for its life insurance, reported net income for the quarter ended Dec. 31 of $641 million or $1.05 per share, compared to $560 million or $0.91 per share in the same quarter last year. Thomson Reuters analysts had estimated $634 million in net income or $1.02 per share. CEO Dean Connor says Sun Life’s fourth quarter capped off a year of improved momentum in a number of fronts, including the launch of new digital offerings in Canada and the continued building out its wealth and asset management businesses.

Sun Life’s revenue was $8.7 billion in the fourth quarter of 2017 compared to $2.4 billion last year. The insurer says the increase was largely due to the decreases in interest rates in the fourth quarter in 2017 compared to increases in interest rates in the same period in 2016.

Goldcorp shines in quarter

VANCOUVER (CP) — Goldcorp Inc. says it more than doubled net earnings in the fourth quarter to US$242 million thanks in part to a boost from one-off items.

The company says earnings, which work out to $0.28 per share, are up from US$101 million or $0.12 per share in the fourth quarter last year. Earnings were boosted by non-cash or other items including US$156 million from deferred tax recovery in Argentina, $27 million from disposing some mining interests, and $23 million from the net reversal of impairments.