News
Manulife posts $300-million quarterly loss
www.theglobeandmail.com
[Globe and Mail] - RBC Dominion Securities analyst Andre-Philippe Hardy said in a note to clients that Manulife's capital levels are marginally better than he had anticipated, but the potential $1-billion hit in the coming quarter is much larger than he expected
Sun Life hammered by markets, low rates
www.theglobeandmail.com
[Globe and Mail] - U.S. long-term Treasury rates declined 56 to 58 basis points during this latest quarter, according to RBC analyst Andre-Philippe Hardy. The S&P/TSX fell by 6 per cent and the S&P 500 by 3 per cent. Sun Life warned that if current interest rates persist
Rock-bottom rates will take toll on insurers
www.theglobeandmail.com
[Globe and Mail] - U.S. long-term treasury rates declined 56 to 58 basis points during the quarter, according to RBC analyst Andre-Philippe Hardy. BMO Capital Markets analyst Tom MacKinnon suggests that the market pay close attention to equity market impacts as the
CitizenCard launches Visa pre-paid and ID card with White Eagle
www.finextra.com
[Finextra] - Philippe Hardy, UK Sales Director of White Eagle comments: "CitizenCard's professional and entrepreneurial approach will make this card programme a huge success. They have thought through what their customers want out of a prepaid card, combined it
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