In Budapest, two Americans live together. Adam, a former Manhattan prosecutor at work on his first novel, and Lisa, a cool hard-working financier who idolizes her boss (former Communist turned deal maker, Kovacs) as she tires of Adam's lifestyle. Cut to the subway, where two tough guys are pursuing Marta, a blond waif. She manages to surprise one of them in a hallway, dispatching him with a straight razor, and she barges into Adam's apartment to elude the other. She tells Adam why she is running, a story that implicates Kovacs, and she seeks Adam's help and affection. He takes her side, and slowly Lisa, Adam, Kovacs, Marta, and her pursuer draw toward a showdown.

Ted, his girlfriend Jo, and his brother Johnny are small-time robbers in Montreal. The brothers spend their time watching TV, while Jo rereads Leonard Cohen's novel "Beautiful Losers" and attends writing classes. Luka, a Czech immigrant, picks up Jo when he sees her shoplifting. When Johnny surprises Luka kissing Jo, he attacks him. In the ensuing fight Jo accidentally kills Johnny, and Luka leaves the scene, but drops his wallet. The police assume that Luka attacked Johnny after a break-in and Jo goes along with that, but feels guilty about it.

Veteran Detective Ed Delopre and partner Mike McGivern have their hands full when they hit the pavement in search of a dangerous killer with five dead bodies already on his record. The mayor, in a rush to see peace restored in her city, makes a deal with the mob instead of waiting for Delopre and McGivern's results. Now that both sides of the law are involved in the killer's capture, the city is turned upside down.