Manulife Financial (MFC -1.7%) ends the day lower after CIBC cut the shares to Sector Performer...

|About: Manulife Financial Corporation (MFC)|By:, SA News Editor

Manulife Financial (MFC -1.7%) ends the day lower after CIBC cut the shares to Sector Performer after trimming its FY EPS and book-value estimates. The firm notes Q4 profit disappointed, largely because new-business strain-costs related to writing new policies.