RBC, Great-West Life and Canaccord most vulnerable to Brexit fallout, analyst says

Canada’s financial services industry is not immune from the impact of Thursday’s historic Brexit vote, with a handful of companies in the insurance, banking and brokerage expected to feel it most.

A note distributed to clients Friday by Scotia Capital Inc. analyst Sumit Malhotra says insurance company Great-West Life, Royal Bank of Canada, and broker-dealer Canaccord Genuity Group Inc. have the most direct exposure to the impact of the United Kingdom’s vote in favour of pulling out of...

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