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People walk on the sidewalk of Bay street past the Canadian Stock Market building in Toronto. July 30, 2013.
People walk on the sidewalk of Bay street past the Canadian Stock Market building in Toronto. July 30, 2013.
(Gloria Nieto/The Globe and Mail)

Canada’s investment banking fees drop 10 per cent

Global investment banking fees may have increased by 3.1 per cent last year, but Canada lost ground to other nations as huge home-grown retail and real estate deals failed to make up for the lack of finance activity in the country’s sputtering mining industry.

Investment banking fees in Canada dropped by almost 10 per cent to $4.32-billion (U.S.) from 2012 to 2013, according to Thompson Reuters data released on Friday.