Foreign-owned dealers see fast growth

Article Abstract:

Foreign-owned investment banking firms in Canada are growing faster than their local counterparts, according to an Investment Dealers Assn of Canada report. In the 1st half 1999, the revenue of foreign-owned dealers from investment banking activities grew by 23% compared to the same period in 1998, while those of domestic dealers declined by 11%. Overall, investment banking revenue totalled C$793 million during the period.

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OSC prepared to deal with RT

Article Abstract:

Ontario Securities Commission director Charlie Macfarlane says he is willing to negotiate individual settlements with the RT Capital Management directors and employees who have been charged with stock manipulation.

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Canada's brokers don't see need for layoffs

Article Abstract:

Regardless of the economic sluggishness, Canadian investment banking companies see no need for staff cuts.

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