London falls, Canada leaps in global investment banking
— The Globe and Mail
China is growing, London remains crucial as a global financial centre, but the
real money in investment banking lately is in Canada.
For the first time since Thomson Reuters began tracking fees in 2000,
Canadian deals produced more investment banking fees than those in any country
save the United States last year. Canada jumped to the No. 2 spot globally in
2012 from No. 4, according to Thomson Reuters, leapfrogging much bigger