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A Bay Street sign in Toronto’s financial district.
A Bay Street sign in Toronto’s financial district.
(MARK BLINCH/REUTERS)

Bonuses at securities firms about to shrink

It is going to be a lean year come bonus time at Canada’s securities firms.

For the past few years, compensation has defied gravity. Returns to the owners of securities firms have been steadily falling, while the payouts to those who work there held up relatively well. It couldn’t last, yet it persisted longer than seemed possible.