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Canaccord raises $60-million to build out wealth business Add to ...

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Canaccord Genuity Group Inc. is raising $60-million in convertible debt as it attempts to give its Canadian wealth management business a shot of adrenalin.

The wealth management sector is generating some serious heat lately, with a number of smaller dealers getting gobbled up, and Richardson GMP Ltd. (RGMP), one of Canada’s biggest independents, on the auction block.

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