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(Stefan Klein/iStockphoto)

Ontario regulator slashes fees for small firms

The Ontario Securities Commission is giving small companies a financial break by cutting the fees they pay to participate in the capital markets by as much as half.

After implementing unpopular fee increases last year, the OSC said Thursday it is offering “one-time relief” for small firms for their 2013 participation fees, which will particularly help small brokerage firms that have seen their income fall in recent years. It will also help public companies with declining revenue or market capitalization in hard-hit resource sectors such as mining.