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TORONTO, ONTARIO: FEBRUARY 09, 2012 - Bay Street in Toronto, Ontario is seen here Thursday Feb. 9, 2012. (Tim Fraser for The Globe and Mail) (For ROB story by n/a) (Tim Fraser For The Globe and Mail)
Brokerage business blues deepen
BOYD ERMAN
— The Globe and Mail
Published
Last updated
Quiet markets, nervous clients and rising costs are cutting profits for Canadian brokerage firms to the weakest levels in more than a decade.
Figures from the Investment Industry Association of Canada (IIAC) for the second quarter show a huge plunge in the amount of money that brokerage firms are bringing in.
