INVESTMENT DEALER PERFORMANCE REPORT Q2 2022
The IIAC has published its latest Investment Dealer Performance Report capturing data for the second quarter of 2022. The industry encountered stiff headwinds during the period culminating in a 10% pullback in industry operating revenue. Investment banking revenue fell 40% from the prior period and commission revenue dropped 12%. Declines were partly offset by gains in net interest revenue which was up 62% during the quarter on the heels of multiple Bank of Canada rate hikes. Trading revenue was also higher while operating expenses edged lower. To view the full report, click here.