CANADIAN brokerage Canaccord Genuity yesterday said it had narrowed its losses in the second quarter as its capital markets business picked up and it cut costs.
It made a net loss of C$80,000 (£47,000), or three cents a share compared to C$14.8m, or 19 cents a share, a year earlier. Revenue fell 1.8 per cent to C$183.3m from the year-earlier period. “We believe we are beginning to see signs of improved market activity across our geographies,” said Paul Reynolds, president of Canaccord.
City A.M. Reporter