Canadian IBs about to go bust - ex BMO?

Curious to hear from some monkeys on bay street what its currently looking like right now and foresee in the next 1-2 years in terms of deal flow? 

BMO stepping out of energy seems like its a pretty bad time to be in IB right now but would love any colour. 
 

4 Comments
 

I don’t think this is true. I was interviewing FT there in August. They were like one of two groups for BMO recruiting for Ft, they all said it was a better year for them because natural gas was strong. I think this more of a BMO doesn’t see a big enough long term future in US Energy IB to warrant them having a Houston office. They also made cuts in NY so might be them doing poor all around.

 

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