A company representative told The Globe no major U.S. job cuts were on the horizon.
Canaccord Genuity Group Inc. says it isn't planning significant job reductions in the United States.
In an e-mailed statement to The Globe and Mail late on Thursday, a company representative wrote "there are no planned head count reductions in the U.S. outside of the normal course of business."
This week, The Globe reported that Stephen Rusch, managing director of investment banking, left the firm. A source close to the company had said additional departures are expected at the New York office.
Earlier this week, Canaccord declined requests for comment on whether additional staffing cuts were planned for its U.S. operations.
Canaccord had 303 employees in the United States as of the end of September.
In its capital-markets division, the United States is now Canaccord Genuity's biggest market, accounting for 38 per cent of revenue.