Home Breadcrumb caret Industry News Breadcrumb caret Industry Morgan Stanley shutters Calgary office: report The investment banking office closes amid declining interest in the oil sector By Staff | June 7, 2021 | Last updated on June 7, 2021 1 min read © Pan Demin / 123RF Stock Photo Morgan Stanley has closed its investment banking office in Calgary, according to Bloomberg, as investor interest in Canada’s oil patch wanes. Bloomberg reported on Friday that the New York-based investment bank had closed its Calgary office, attributing the information to unnamed sources. The article pointed to the oil sector’s declining growth amid a shortage of pipeline capacity and climate change concerns, and fewer deals among industry players. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo