Money: GMP Capital to sell its capital markets business to U.S. investment banker Stifel Financial - PressFrom - Canada
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MoneyGMP Capital to sell its capital markets business to U.S. investment banker Stifel Financial

17:07  17 june  2019
17:07  17 june  2019 Source:   financialpost.com

Sale shows big loss in investment value of China-backed Alberta oil project

Sale shows big loss in investment value of China-backed Alberta oil project CALGARY — A Chinese company's $817-million investment in a northern Alberta heavy oil project nine years ago has collapsed in value to less than $80 million, based on the price its Canadian partner has negotiated for the sale of its majority stake. 

Investment banking sources say GMP Capital caught the attention of several U . S dealers interested in expanding into Canada, including St. Louis-based Stifel . Stifel may be attracted to GMP by its robust relationships with cannabis industry players, though that line of business may also represent a

Stifel is a full service brokerage and investment banking firm. The Company provides securities The Equity Capital Markets Group is responsible for the origination, underwriting, marketing Our Private Finance Group advises clients on raising private capital , financing acquisitions, and

GMP Capital to sell its capital markets business to U.S. investment banker Stifel Financial© Provided by PostMedia Digital

Toronto’s GMP Capital Inc. has announced that it is selling its capital markets business to Stifel Financial Corporation in an all-cash transaction.

GMP said in a statement Monday that the price will be the book value of the business at the closing of the transaction, plus $45 million.

The deal comes after a strategic review of the company that determined the transaction would be in the best interests of the corporation.

“The GMP Board’s decision to sell this business reflects our belief that our clients and employees will enjoy substantial benefit from the expanded opportunities and necessary critical mass that a world class player like Stifel brings to the table,” said Don Wright, GMP chairman.

Why investors shouldn’t let the trade war distract them from the big picture

Why investors shouldn’t let the trade war distract them from the big picture Martin Pelletier: One of the biggest mistakes that investors make is to confuse the performance of the economy with that of the stock market . It is hard to blame them, as headline reporting is constantly trying to tie the two together. These days, the headline fears are coming in the form of U.S. President Donald Trump’s trade policies, particularly the fights he is picking with China and now Mexico, the latter despite recently agreeing to a new North American trade deal. Josh Brown, CEO of Ritholtz Wealth Management, recently cited a great analogy he credited to fund manager and author Ralph Wagner.

Stifel is a full-service investment bank with deep industry experience. We serve as strategic advisor to entrepreneurs, family-owned businesses , private equity The services offered within this site are available exclusively through our U . S . Financial Advisors. Stifel Financial Advisors may only conduct

Stifel is a full service brokerage and investment banking firm. The Company provides securities brokerage, investment banking , trading, investment The services offered within this site are available exclusively through our U . S . Financial Advisors. Stifel Financial Advisors may only conduct

Stifel, headquartered in St. Louis, Missouri, has a market cap of more than $4 billion and over 7,500 associates worldwide.

Banking sector should help tackle climate change.
The House of Commons passed a motion last week declaring that Canada is in a state of climate emergency. This important decision came after Environment and Climate Change Canada released a report demonstrating how, driven by human influence, temperatures are rising across all regions of our country, particularly in the North. In fact, the report found the average annual temperature in Northern Canada has increased by an alarming 2.3° C since 1948. Climate change affects all of us. It reaches into our daily lives — as just one example, look at the recent increase in wildfires in Western Canada, and the intensity of the smoke that blankets our provinces each summer.

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