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A woman walks past an office building of Swiss bank Credit Suisse at the Bahnhofstrasse in Zurich December 4, 2008.

ARND WIEGMANN/REUTERS

Credit Suisse's Canadian offices are filling up thanks to new hires and transfers to what's viewed a hot market.

The Swiss-based bank hired four people in Canada last week, bringing the total to seven new hires this year.

The most senior addition is Brian Newmarch, a managing director in commodities who comes from Citi. He's joined by vice-president Jesse Shouldice. Both are in Calgary. The bank also added an investment-banking analyst in Calgary and an equity research analyst in Toronto.

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The Canadian business has also added three people by transfer from offices that include Los Angeles and Japan, as the country is viewed as a place of opportunity relative to other markets that are in the doldrums.

Meantime, there are a handful of newly empty desks at Bank of America Merrill Lynch's Canadian operations. That firm trimmed its roster of investment banking and markets employees across Canada by roughly 2 per cent, letting 11 out of 492 staff go.

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