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Costs forcing smaller financial dealers into arms of larger rivals Add to ...

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Increased costs and regulatory pressures are driving more consolidation in the financial services industry, with a number of smaller dealer firms being forced to either exit the industry or merge with larger forces to survive.

As a result of continued weak capital markets activity and low interest rates, and increased regulatory compliance costs, the industry could see further consolidation among small investment firms, says Ian Russell, president and CEO of the Investment Industry Association of Canada (IIAC).

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