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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)
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

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.