StatsCan reports the average income of Canada's top 1% of taxpayers rose by 8.5%
Income grew faster than debt, agency reports
The month saw a 3.4% year-over-year increase
Study notes immigrants are more likely to enjoy upward mobility
The purchase lifts the firm’s liability-driven investment AUM to more than $25 billion
Households headed by older earners had average wealth of $1.2 million in 2018
Further details are expected later this year
The funds provide diversification and lower correlation to the markets, the firm says
Unitholders to vote on proposal to transition Sun Life Infrastructure Fund
The company is assuming core portfolio advisor duties for three fixed-income pools