Stifel Shuts Calgary Office, Cuts Investment Bank Jobs in Canada.

Stifel Financial Corp. has closed its Calgary office, marking the end of its energy investment banking in Canada's oil patch. The company has also laid off some investment bankers and analysts in Toronto. Stifel remains committed to the Canadian market and will continue to serve clients from its Montreal, Toronto, and Vancouver offices. The closure of the Calgary office brings an end to an energy banking business that began as FirstEnergy Capital Corp. Stifel's decision to scale back its Canadian operations coincides with New York-based Jefferies Financial Group Inc.'s expansion into the country. [Extracted from the article]