Aetna Inc.'s Canadian subsidiary may be for sale at a time when the Canadian insurance industry is rapidly consolidating, the National Post reported, citing unnamed sources.

Hartford, Conn.-based Aetna has been seeking a buyer for Aetna Canada Holdings Ltd. and its key asset, Equinox Financial Group Inc., though Aetna Canada's president, Nick Villani, said no sale is pending, the newspaper reported.

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