The Bay Street firm said its adjusted fiscal first-quarter revenue sank 37.2 per cent to $328.8 million. While revenue slipped in the company's wealth management unit, the erosion was far more profound in Canaccord's capital markets business.
The slowdown was even more pronounced in Canaccord's home market: it said Canadian capital markets revenue collapsed 87.7 per cent year-over-year to just $14.3 million.
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