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Unemployment rate remains steady at 6.1%, says StatCan

Manulife CEO says considering share buy-backs

Reuters
Manulife Financial President and Chief Executive Officer Donald Guloien speaks at their annual general meeting for shareholders in Toronto, May 6, 2010. REUTERS/Mark Blinch

TORONTO (Reuters) - Manulife Financial Corp (Toronto:MFC.TO - News), Canada's biggest life insurer, would consider share buy-backs and expects a "pause" in acquisition activity, Chief Executive Donald Guloien said on Thursday.

"Given that we've done most of the things that we want to do on the acquisition front, we'll have to take a look at stock buy-backs," Guloien said at the Scotiabank Financials Summit in Toronto.

(Reporting by Matt Scuffham; Editing by Chizu Nomiyama)