For the first time in the 13 years since the Toronto Stock Exchange’s trading floor fell silent, traders are back. National Bank of Canada spent $12-million transforming part of the old exchange into a new trading floor, a big commitment that declares Toronto the centre of the bank’s growth plans for trading and investment banking. The new floor, which officially opens Wednesday is also an emblem of the importance of capital markets for National Bank.
Opinion:
The expression try something new can be applied to the way Canadian banks should do business because the National bank has become the engine of the bank’s profits from trading and increased their market share in helping businesses such as selling bonds and stock to raise money for corporate clients. With the tremendous talent of bankers and traders in Toronto why not take a chance? yes I do understand that Canadian bank depend on more traditional sources of generating revenue such as mortgage interest and fees and it would be really tough to change the way the bank operates
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