Quote:
Originally Posted by newflyer
As I work in the industry .. I can assure you there has been significant expansion of Investment Banking in the city in the last 3 years. Thats not to say it didnd't exsist before 2005, but it has grown a great deal since.
I guess you are among the 23 yr old who can't follow history... even if it is very rescent.
This is not to say that everyone will be closing shop... but they will be looking to trim if major business financing is no longer required.... or even availiable for that matter.
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I have been working in the Natural Gas marketing field in Calgary since 2000.
Sure things have ramped up over the past 3-4 years. However the investment banks won't be closing up shop because of low oil and gas prices. They will hang around because they know the key to making money is liquidity and volatility. Not high prices.