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BMO Nesbitt Burns averaged a ROE of 20.1 per cent in 2013.
BMO Nesbitt Burns averaged a ROE of 20.1 per cent in 2013.
(DARRYL DYCK/THE CANADIAN PRESS)

Canada’s an oasis for capital markets. Really.

The conventional wisdom is that these are brutal times for investment banks. Generally speaking, that’s true – especially for smaller independent dealers.

But the same can’t be said for Canada’s big banks. While revenues are much harder to come by than they were during the heyday of the income trust era and the global resource boom, the investment banking arms of the Big Six are outperforming their global peers.