12:51 PM EST - Canaccord Capital Inc. : announced that it has implemented a firm wide restructuring that will result in the layoff of approximately 10% of its staff globally. In addition, a 10-20% salary reduction has been implemented for senior executives. The staff restructuring and salary reductions come as a result of an ongoing focus on cost reduction. Canaccord Capital Inc.
shares T.CCI are trading off 5 cents at $5.80.
