Manulife Sells Canaccord Shares

Investment Executive, 10 August 2006Canaccord Capital Inc. says The Manufacturers Life Insurance Co., a significant shareholder of the company, yesterday sold 2 million Canaccord common shares through the facilities of the Toronto Stock Exchange.The share block was crossed at a price of $18.10 per share. As a result, Manulife now holds 2,943,369 common shares in the company, representing 6.15% of