Sign Of The Times
31. March 2009 by Dan Walkow, CFA, CMT.
Canada’s largest independent broker Canaccord Capital Inc. is shedding a substantial chunk of its staff for the second time in less than six months, this time cutting deep into its pool of brokers according to the Financial Post. As a Branch Manager for almost twenty years, when the order came down to make major cuts such as those noted in this article it was a pretty good signal that the bottom in the market was near…brokerage companies are notorious for hiring high and firing low.