The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Going out of business sign
Going out of business sign
(John Foxx/

Subscribers Only

Canada’s boutique brokerages stare into the abyss

Can’t-miss stories from the Web

Brokerage firms are at the end of their rope
More than a third of Canada’s 185 “boutique” brokerage firms have been in the red for the past two years and will be forced to shut down or consolidate if the country’s capital markets don't improve, says IIAC CEO Ian Russell.