Jun 12, 07:15 PM

Stifel Financial Closes Calgary Office, Cuts 35 Jobs in Toronto

Stifel Financial has closed its Calgary office, ending its operations in energy investment banking in Canada’s oil patch amid current economic uncertainties. The firm also laid off some investment bankers and analysts in Toronto, cutting about 35 staff. Stifel cited market conditions and operating costs as reasons for these decisions but stated it remains committed to the Canadian market.

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