Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

AltaCorp Expands Trading Desk as Rivals Reduce in Slump

AltaCorp Capital Inc. Chief Executive Officer George Gosbee is expanding the financial advisory firm’s institutional trading desk in Toronto to capture talent while other banks cut.

AltaCorp, based in Calgary, hired seven traders in Toronto, bringing the company’s headcount to 51 people. The additions follow the move by Vancouver-based Haywood Securities Inc. to cut 7 percent of its workforce and the exit of Stifel Financial Corp. from Canada last month amid a slump in mining and energy deals.

“I always like to be the contrarian,” Gosbee said in a phone interview today. “It’s investing counter-cyclically. You have to strike while people are available.”

AltaCorp perceives a current lack of “market-making activity” in the resource sector, Gosbee said. He estimates a busy next couple of months for energy mergers and acquisitions and initial public offerings in Canada, after a slow three years, he said. The company also hired another research analyst in Toronto, it said in a statement today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.