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Understanding the Trading Floor

Written by a structurer at a major investment bank Compensation on the Trading Floor versus Investment Banking Getting paid on the trading floor is very different from getting paid in investment banking. From other literature, the trading floor is supposed to be much more meritocratic than investment banking – we can easily

Weekly Movers Aug 25, 2017 – Aecon Group, Capstone Mining, Hudson’s Bay, First Quantum, Copper Mountain

Top Gainers Aecon Group Inc (TSX:ARE, Chg:19.3%) Industry: Industrials On Friday morning, Bloomberg broke the news that ARE has hired advisers to explore a sale. The stock jumped from $14.33 to $15.32 within 2 minutes and was subsequently halted by IIROC on unusual increase in trading volume. At the request of IIROC, ARE

Weekly Movers Aug 18, 2017 – Westport, Hudbay, Trevali, Premium Brands, Kirkland Lake

Top Gainers Westport Fuel Systems Inc (TSX:WPRT, Chg:24.2%) WPRT posted a solid quarter validating that the operation is improving and the merger with Fuel System Solutions was the right strategic move. WPRT is ahead of schedule in realizing cost and operational synergies from the acquisition. Management is guiding positive adjusted EBITDA in

Weekly Movers Aug 11, 2017 – Aimia, GC, Semafo, Avigilon, Bird Construction

Top Gainers Aimia Inc (TSX:AIM, Chg:30.3%) Industry: Consumer & Retail AIM announced that Air Canada would not review their long-standing relationship with Aeroplan post contract expiry in June 2020. AIM subsequently lost over 80% of its market cap since the announcement on May 11, 2017. The market feared that AIM was going

Weekly Movers Aug 4, 2017 – Altus Group, Second Cup, Spin Master, Air Canada

Top Gainers Second Cup (TSX:SCU, Chg: +60.0%) Industry: Consumer & Retail A long history of negative same store sales growth and a shrinking store base are not a good combination especially when the balance sheet is levered. With a 6.0x net leverage ratio (on a LTM basis) and stock price below $2.0, SCU

Investment Banking Training and Orientation Program

Investment Banking Training and Orientation for Canadian Banks For the Canadian banks, the analyst and associate programs include three to four weeks of training and orientation starting in August as newly minted bankers from Ivey and Queens finish backpacking around Europe and Asia. Over the course of the program, there is plethora

Sports and the Trading Floor

THE JAYS

Although investment bankers like sports, the trading floor has non-stop sports chatter until the opening bell and salespeople will continuously talk about how teams are doing with their clients. In Canada, hockey is the primary go-to topic in all finance centres (Vancouver, Calgary, Toronto, Montreal, Winnipeg), but interest may wane if

Macroeconomic Drivers of the Price of Oil: Supply

With oil prices having a large effect on the Canadian dollar and GDP growth, it is important for investors and financial professionals to understand the macroeconomic variables and geopolitical actions that can influence the oil price. However, everything can be boiled down to something that affects 1) demand; 2) supply;

The Price of Oil and the Canadian Dollar

In this post, oil’s relationship with the Canadian Dollar – US Dollar exchange rate is discussed. In our next post, the global supply and demand paradigm with consideration to OPEC cuts and US shale production will be dissected. Oil (as measured by the US$ cost of a barrel of West Texas

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