Streetwise newsletter: Manulife’s new reason to hold onto its U.S. Heritage business; Mind of ETFs in AGF to part ways with Company

Because interest rates remain so low and profits are subdued, Manulife Financial Corp. has been debating what to do with certain parts of John Hancock, its fighting American organization. Rumours of a sale or spin-off of Manulife’s struggling units, especially the ones that pay premiums, have swirled for a short time. (Tim Kiladze, for readers)

The mind of exchange-traded funds for AGF Management Ltd. will be leaving the business at the start of 2018. (Clare O’Hara, for readers)


Health-care services firm McKesson Canada has obtained retailer, which sells health, health, natural and baby products on the internet.

Canada’s Aurora Cannabis Inc said on Monday it increased its stake in Australia-based Cann Group Ltd to 22.9 percent from 19.9 percent, its most recent move to expand in the cannabis market.

Canadian pension funds and private equity investors are lining up to purchase German metering company Techem using a multi-billion euro sale expected to start in early 2018, sources familiar with the matter said.

CVS Health Corp.’s $67.5-billion (U.S.) takeover of Aetna Inc. will examine the Trump government’s approach to far-reaching company takeovers, only weeks after the U.S. government sued to block a significant telecommunications merger.

U.S. pharmacy chain operator CVS Health Corp said on Sunday it had agreed to acquire U.S. health insurance Aetna Inc for $69-billion (U.S.), wanting to tackle soaring healthcare spending through lower-cost medical services in pharmacies.

Chipmaker Broadcom Ltd made its first formal move toward a hostile bid to take over Qualcomm Inc on Monday, putting out a record of 11 nominees it needs to place on the board of the U.S. semiconductor company.

Toronto-based Qvella has raised a $25-million Series B. The molecular diagnostics company is developing technology that allows the rapid detection of infectious agents in an immediate blood sample.

GoNumerical-owned Coinsquare, a Toronto-based cryptocurrency platform for buying and selling bitcoin, has raised a $10.5-million Series A investment with a $110.5-million post-money valuation. The round was led by “a prominent international asset manager” whose name wasn’t immediately available.

Blockchain startup Blockstack says it raised $52.8-million (U.S.) in its own ICO, finalized Friday. The business is building a type of parallel to the net that users access through the Blockstack browser which features a vast array of apps.

There’s been a veritable explosion of linked devices that people are using nowadays to interact with programs and the web, from computers and smartphones, to automobiles, watches, home speakers and refrigerators. Now a startup from Berlin called Contentful has increased $28-million (U.S.) to place itself as the platform to handle how all that data is delivered with a set of APIs.


Officially, Paul Desmarais Sr. handed the executive reins to his two sons in 1996, but it wasn’t till the late Power Corp. patriarch suffered a stroke in 2005 that “the boys” took over. (Konrad Yakabuski, for readers)

The Desmarais family’s Power Corp. empire was treading water since the fiscal crisis. Now, as a third generation gets ready to take the reins, investors are losing patience. Can one of Canada’s most influential families reunite the nation’s largest conglomerate to its former glory? (Jacqueline Nelson and Andrew Willis, for readers)

Courtesy: The Globe And Mail

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