Founded in 1984, Power Financial Corporation operated as a strategic management and holding company with significant interests in the financial services sector, primarily in North America and Europe. It was a subsidiary of Power Corporation of Canada and held controlling interests in major firms like Great-West Lifeco (which includes Canada Life), IGM Financial (which includes IG Wealth Management and Mackenzie Investments), and Pargesa Holding SA. In February 2020, a corporate reorganization was completed, resulting in Power Financial Corporation's public shareholders exchanging their shares for shares of Power Corporation of Canada. Consequently, the company was delisted from the Toronto Stock Exchange (TSX) and its operations and identity were consolidated under its parent.

Founded in

Canada