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Toronto's financial district is pictured on July 26, 2013.
Toronto's financial district is pictured on July 26, 2013.
(Michelle Siu/THE CANADIAN PRESS)

As foreign banks retreat, Canadians retake bond trading share

New bank capital rules that are throwing the bond dealing market into tumult have one happy result for Canadian banks – a huge pickup in market share on their home turf.

Figures from Greenwich Associates show that Canadian banks have gained big ground in market share. The Big Six’s share of the fixed-income trading volume in Canada has risen to about 62 per cent from 51 per cent the year before, Greenwich said in a report.