You are currently browsing the Capital Comments weblog archives for the day 31. March 2009.
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.
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