Established in 1950, Canaccord is a major independent investment dealer conducting capital market and wealth management operations primarily in Canada, the U.S. and Britain. Through offices in 13 countries the company is expected to generate revenues of $800 million this year and net income of approximately $40 million. Market equity now amounts to $1.25 billion.
Income Investor
Readers with a strong stomach who expect Canadian interest rates to rise by the fall of 2016 may wish to retain their positions in hopes of a rebound in the share price. However, my advice is to exit now and take the capital loss. There are too many negatives involved. - Gordon Pape
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CF.PR.A was first recommended here on April 25, 2012