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Banks and insurance companies will pay higher corporate taxes if the government passes the 3% surtax post-election. However, it should have little impact on National Bank of Canada stock, Manulife stock, and others in the financial sector.
MFC earnings call for the period ending June 30, 2021.
Shares of Canadian life insurance companies such as Manulife Financial(TSX:MFC)(NYSE:MFC) have been soaring over the past year. Indeed, there has been a continuing rally as investors are factoring in rising interest rates. Wait, what? Aren’t rising interest rates generally bad for stocks? Well, yes. But not all stocks see declines in a rising rate environment. In fact, life insurers like Manulife can benefit from such an environment. Thus, for investors concerned about rising rates hitting their portfolio, this is a great stock to consider today. Here’s more on why: Manulife is set to ma...
Staff Manulife Financial Corp. is linking its executive team goals to the company’s climate action plan, including committing to a net-zero focus by reducing emissions operationally, adopting sustainable investing practices and developing solutions that contribute to climate change mitigation. Members of the organization’s executive leadership team already have performance goals linked to diversity, equity and inclusion, employee engagement and leadership accountability. Now, they’ll also have goals linked to Manulife’s climate action plan. “Through the commitments we’ve set out...
Manulife accelerates portfolio decarbonisation as it commits to net zero Events If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our customer service team. Performance goals linked to climate action plan Manulife's commitments include steering investment portfolio to net zero by 2050 and reducing scope 1 and 2 emissions 35% by 2035 Manulife has committed to net zero emissions by 2050 across its full range of investments and operations, as the asset manager highlig...