Manulife Expects Q4 2008 Loss of $1.5 Billion

The Globe and Mail, Tara Perkins, 3 December 2008Expecting to suffer its first loss as a public company, Manulife Financial Corp. is reluctantly tapping the market for equity, the second Canadian financial institution to do so in as many weeks because of investor pressure to boost softening capital levels.Chief executive officer Dominic D'Alessandro said in an interview yesterday the equity move