Canadians love their banks. Whether it’s for dividends or long-term growth, they certainly cannot get enough of them. That is, unless it is during an economic downturn. Which is why even if we’re out of the woods in the near future, it can be a good idea to diversify.
Hence why today we’re talking about insurance stocks. These companies usually provide higher dividend yields, with a focus on long-term growth as well as more diversification in the financial sector. So let’s look at three you may want to consider on the TSX today.
Manulife
Manulife Financial (TSX:MFC) is a leading international financial services group that provides insurance, wealth management, and asset management products and services. This is both on an individual as well as institutional level. What’s more, they provide global diversification with exposure from Asia to North America.
The company has a long history of paying…
