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(Wesley VanDinter/Getty Images/iStockphoto)

Struggling boutique dealers cry uncle

Four months into one of the slowest years on record for small Canadian securities firms, some boutique investment dealers are finally beginning to give in to the reality that making a go of it in this market is a very long shot.

Fraser Mackenzie Holdings Inc., a smallish broker dealer that focused on mining and energy, closed its doors on Monday. The firm said the odds of bringing in good money any time soon were too slim to bother sticking it out in hopes of a market turn.