Welcome to the Summer of Bitcoin

This summer promises to be a big one for bitcoin. There are two major events taking place that are expected to have far reaching effects on the popular cryptocurrency. One of these involves the current goings on of world politics and economics while the other pertains to the digital currency on a more fundamental level. However, understanding exactly how these will affect the future of … Continue reading Welcome to the Summer of Bitcoin

Manulife’s New Insurance Sales Fall Due to Price Increases

A record level of assets under management and robust wealth product sales drove an 18% increase in Manulife’s MFC first-quarter earnings over first-quarter 2012. On an operating basis, the company earned CAD 619 million in the quarter, or CAD 0.32 per share, meeting our expectations. Core return on shareholders’ equity was 10.6%, consistent with the levels achieved in previous quarters. GAAP income was CAD 540 … Continue reading Manulife’s New Insurance Sales Fall Due to Price Increases