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The heart of Canada’s financial district at the corner of King and Bay streets in Toronto.
The heart of Canada’s financial district at the corner of King and Bay streets in Toronto.
(KEVIN VAN PAASSEN/THE GLOBE AND MAIL)

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Small dealers struggle to reach pre-crisis peaks

The carnage from the financial crisis continues to wreak havoc on Canada’s boutique investment banks.

For more than a year there have been reports of the damage, but too often they’ve focused on problems at individual dealers such as GMP Capital and Canaccord Financial, rather than the industry as a whole.