Quote:
Originally Posted by DizzyEdge
I'd be curious what percentage of the Toronto financial industry is oilsands related (or simply Canadian energy related in general)
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[Anecdotal]
About 30% of O&G energy financing is done by pure-Calgary based companies, about 50% from Canadian companies based outside Calgary (mainly Toronto) and about 20% international based. For Canadian non-Calgary based and international, the much of the work will be local (most Canadian banks have all their energy/O&G groups based in Calgary), but possibly up to half that work would be in Toronto as lots of the capital funds (pensions) are based there.
Given that, I think you could say that about 20-30% of the O&G related financial work in Canada is done in Toronto with the rest done through Calgary offices. That said, I have no idea how much that relates to the overall Toronto financial industry.
[/Anecdotal]