Proposed deal ends with standstill agreement and executive changes
Deal adds investment counsel portfolio managers to Canada Life
Plus other moves within the industry this week
The special committee evaluating the offer was unanimous in its recommendation
Credit provisions, rising capital, liquidity, expenses blunt banks' results
The group said there's "no reasonable chance" conditions will be met by a June 13 deadline
Announcement follows S&P's downgrade of firm in early May
Barclays analyst predicts Winnipeg-based insurer will deploy capital to strategic growth avenues
New appointments include senior executives with Harbourfront Wealth and AGF Management
More products are becoming available but due diligence is key