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Going out of business sign
Going out of business sign
(John Foxx/Photos.com)

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Canada’s boutique brokerages stare into the abyss

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Brokerage firms are at the end of their rope
More than a third of Canada’s 185 “boutique” brokerage firms have been in the red for the past two years and will be forced to shut down or consolidate if the country’s capital markets don't improve, says IIAC CEO Ian Russell.