Improving competition in Canada's concentrated banking sector is one of the aims
Deal will allow Manulife to expand its credit offering with new strategies
Other developments this week include cuts at Manulife and several advisor team moves
In Canada, wealth and asset management saw a 14% increase in profitability from a year earlier
The certification body also proposed a "monitor and review" practice standard
Editorial: Stromberg fought the good fight, and Canada’s retail investors are dramatically better off as a result
Manulife and PIMCO take group ETF awards
Individual wealth management had net outflows of $427 million
The fund has a negative return for the first six months of its 2024 fiscal year
The quarter also saw net outflows, lower AUM