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Canaccord was adviser to parka maker Canada Goose when it sold a majority stake to U.S. private equity firm Bain Capital.
Canaccord was adviser to parka maker Canada Goose when it sold a majority stake to U.S. private equity firm Bain Capital.
(Aaron Vincent Elkaim/THE CANADIAN PRESS)

Canaccord cashing in on its cross-border shift

So much for Canaccord Genuity being dependent on the Canadian resources market. The Toronto-based firm has been aggressive in building an international presence outside mining and energy and the fees are starting to roll in.

Not only has the firm been adding senior bankers and buying advisory businesses, such as Collins Stewart Hawkpoint in Britain, it has adjusted the way it pays internally to give a bump to bankers who generate cross-border transactions.