The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A Bay Street sign, the main street in the financial district is seen in Toronto, January 28, 2013.
A Bay Street sign, the main street in the financial district is seen in Toronto, January 28, 2013.
(Mark Blinch/Reuters)

On Bay Street, fewer workers but more productivity

Last week’s numbers on job cuts in the securities industry were not very optimistic, but there is a glimmer of hope hiding in there.

As Streetwise wrote, the industry has shrunk to its smallest employment level since 2010. The upshot of the article was that the declines in employment would have to continue.