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Money garden

High rates and demand led the firm to re-enter the market five years after exiting

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Firm is the latest to trim staff as economic uncertainty weighs

Business and financial report with laptop Accounting economic

In Canada, wealth and asset management saw a 14% increase in profitability from a year earlier

Financial accounting business sheet calculator

Individual wealth management had net outflows of $427 million

Agreement win-win

Vericity includes insurance carrier Fidelity Life and direct-to-consumer agency eFinancial

Businessman hand showing financial report on table

Rising interest rates led to drops in net income for Great-West Lifeco and Sun Life

  • By: IE Staff
  • August 11, 2023 August 11, 2023
  • 11:34
Couple getting financial retirement advice from consultant at home

Advisors should be as thorough as possible when going through insurance applications with a client

Close up of businessman hands making handshake - greeting, dealing, merger and acquisition concepts

The US$4.3-billion deal is expected to close in the first half of 2024

Business people shaking hands

Both companies said there was no guarantee that an agreement will be reached

Bank buildings

Tim Johal of Mackenzie investments says Canadian banks are better risk managers, more profitable, more predictable and less volatile