TSX Keeps Moving Upward | MENAFN COM menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Manulife Financial Corporation has agreed to reinsure CAD 5.8 billion (USD 4.4 billion) of reserves of low ROE Canadian universal life block to RGA Life
The deal with RGA Life Reinsurance Company of Canada is expected to generate $800-million of capital, which Manulife intends to use for share buybacks, it said.
Canada s main stock index inched up
on Monday, boosted by energy and mining firms at the start of a
holiday-shortened week, while telecom firm Telus slid following
a rating downgrade. At.
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