The Financial Post reports in its Saturday, Sept. 23, edition that iA Financial is cutting jobs in its capital markets business, ending its institutional activities -- including equity research -- amid bumpy markets. A Bloomberg dispatch to the Post reports that after it had made inquiries spokesman Pierre Picard said in an e-mail response, "We are stopping all institutional operations within iA Capital Markets." As a result, the company, based in Quebec City, will eliminate more than a dozen jobs. iA Financial is making the cuts at a time of sweeping changes in the finance job market. Within Canada, Royal Bank of Canada pushed ahead with a round of layoffs in its capital markets unit, part of broader reductions announced in August. In June, Bank of Montreal's capital markets division trimmed about 100 positions, or 3.5 per cent of the division's staff, in response to a weak environment for deals. Mr. Picard said in his e-mail, "We are deeply committed to ensuring Canadian investors continue to have deep and broad access to the professional, independent (unbiased) financial advice and investment solutions that are the hallmark of iA Wealth."