MQG trims Canada business

Group to exit real estate and leveraged finance advisory operations in Canada.

Macquarie Group (MQG)  is set to exit its real estate and leveraged finance advisory operations in Canada, The Australian Financial Review reports.

According to the newspaper, Macquarie Capital, the group's corporate advice arm will instead return its focus to traditionally stronger areas such as natural resources and infrastructure.

Sources estimate between 10 to 20 of Macquarie's 1000 employees in Canada will lose their jobs as a result of the move, the AFR reports.

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