Preview of Insurance Co Q3 2006 Earnings

Scotia Capital, 18 October 2006Event� Canadian insurers start reporting on October 26.We continue to recommend market weight � Cautious given economic backdrop, but warming up to valuation.� As we approach the Q3/06 earnings season, we are much more comfortable with the Canadian lifeco group�s valuation, which, after a modest and somewhat overdue �correction,� over the last six months, is now in