Manulife expected to launch share buyback

Article Abstract:

Manulife Financial Corp, the second Canada-based mutual insurance company that went public, would spend almost C$400 million to purchase back 23 million shares in a move that is anticipated to be effected in early Nov 1999. Up to C$1.5 billion in 'excess' capital could be freed up by the company if it were to reduce its regulatory capital levels to that of its rivals including Waterloo, Ontario-based Clarica Life Insurance Co and Great-West Life Company Inc.

Acquisitions & mergers, Insurance, Insurance Carriers and Related Activities, Manulife Financial Corp.

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U.S. set to allow Canadian beef: Cellucci

Article Abstract:

Paul Celucci, U.S. ambassador to Canada says that the U.S. will probably allow beef imports from Canada within the next few weeks.

United States, Foreign trade, Exports, Economic policy, Beef industry, Cellucci, Paul, Trade policy

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OSFI defends tracing origins of terror cash

Article Abstract:

OSFI (Office of the Superintendent of Financial Institutions) has defended its tracing of the origins of cash from terrorists.

Finance, Terrorists, Canada. Office of the Superintendent of Financial Institutions

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