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Bank buildings tower over the corner of Bay Street and Adelaide streets in Toronto.
Bank buildings tower over the corner of Bay Street and Adelaide streets in Toronto.
(Gloria Nieto/The Globe and Mail)

Boutique brokerage Byron Capital winds down

Canada is losing another small brokerage firm, as Byron Capital Markets is winding down amid slow markets that have depressed revenue.

The firm will submit its resignation letter to the securities industry watchdog on Wednesday, said chief executive officer Campbell Becher. He said the reason was "an inability to become profitable."