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Small number of Nexen trades cancelled from Friday
Small number of Nexen trades cancelled from Friday
(AKHTAR SOOMRO/REUTERS)

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Help wanted: Banks desperate for REIT analysts

With a slew of initial public offerings for real estate investment trusts coming down the pipe, Bay Street’s investment banks are in desperate need of research analysts in order to pick up coverage on the companies they bring to market.

And because REITs remain some of hottest financing names, the dealers need coverage to get good placement in each underwriting syndicate. The problem is that it’s hard to hang onto a REIT analyst these days.