Canadian Firms Enjoy Performance Gains in 1999

Published Thursday, June 01, 2000

Canadian brokerage firms went out of the 20th century on a high note. Operating profits in 1999 rose 45 percent to Can1.9 billion dollars, compared with 1998's three-year low of Can1.3 billion dollars, according to a study of 188 firms by the Investment Dealers Association of Canada in Toronto. Revenue was Can8.8 billion dollars in 1999, up 14 percent from 1998's Can7.7 billion dollars. Canadian firms benefited from higher commissions as the country's capital markets rebounded, the survey says. Volume on all four Canadian stock exchanges rose 4 percent in 1999, resulting in an 8 percent increase in ...

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