TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,179.81, up 187.93 points.) Enbridge Inc. (TSX:ENB). Energy. Down $1.01, or 1.79 per cent, to $55.55 on 22.5 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 52 cents, or 2.18 per cent, to $24.41 on 12.7 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up $1.13, or 2.78 per cent, to $41.80 on 7.8 million shares. Athabasca Oil Corp. (TSX:ATH). Energy. Up four ce
Manulife Financial Corp saw the number of agents in its China and Vietnam businesses drop in the second quarter to the lowest since the fourth quarter of 2019, due to increased regulation and lingering pandemic challenges, contributing to a decline in sales in the key region. The number of agents in Manulife's "Asia Other" segment, which consists of mainland China, Singapore, Vietnam and other emerging markets, fell to 99,567 in the three months ended June 30, from 114,309 in the previous quarter. Talent shortages that have hit most sectors globally have been exacerbated in some markets in Asia - where Manulife, Canada's biggest life insurer, aims to derive half of all core earnings from by 2025 - by local factors including more stringent regulations.
(Bloomberg) -- Manulife Financial Corp.’s Canadian business boosted profit last quarter on the back of rising sales and lower-than-expected benefit use, cushioning the toll that continued Covid-19 restrictions are taking on its Asian operations. Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’s Damage to the Housing Market May Last YearsGarland Seeks to Unseal Trump Warrant, Says He Approved SearchChina Has Painted Itself Into a Semiconductor CornerThe