Economics
Manulife Sees Canada Taking Back Seat in Post-Crisis Growth Push
- CEO Guloien says Asia will eventually top Canada for sales
- Guloien says Asia growth to push earnings, dividend higher
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Manulife Financial Corp. says Asia will soon bring in more revenue than its home country of Canada, sparked by double-digit growth that should win back investors to a stock that still hasn’t recovered from the financial crisis.
Demand for insurance and asset-management services in China, Japan and other parts of Asia will contribute to overall earnings growth of at least 10 percent over the next few years, Chief Executive Officer Donald Guloien said.