One of Canada’s foremost capital markets specialists, underwriters and
M&A advisors

Cormark Securities Inc. (“Cormark”) is a leading independent investment dealer focused on providing comprehensive coverage of Canadian listed companies to domestic and international institutional investors from offices in Toronto and Calgary.


Years serving
our clients


Gross proceeds raised
in last 10 years


Institutional client relationships


Top ranked research
in Canada


Companies under research coverage


Employee owned

Our Areas of Expertise


We provide research on every major sector of the Canadian market and have 17 publishing analysts providing coverage on 240+ companies.

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Sales & Trading

Our capital market professionals provide well thought out coverage to our clients in all geographies.

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Investment Banking

When we commit services or capital to a client or transaction, we strive to deliver the expertise and resources of the entire firm.

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“Our clients always come first. We seek to enhance the reputations of both our firm and the industry within which it works through our interactions with our clients, competitors, and the investing public.”

– Scott Lamacraft, CFA | Chief Executive Officer

Our Guiding Principles

We are separated from other dealers (boutique and bank-owned) in the Canadian marketplace by our unique platform and approach to the brokerage business

Employee Owned

Ensures thoughtful and responsible use of capital and relationship decisions

Comfort in knowing that all Cormark team members have a vested interest in our business and reputation, creating a culture of collaboration to obtain the optimal outcomes

Truly Independent

We don’t have proprietary products (funds, debt, etc.) which permits an objective viewpoint and allows us to provide our clients with the best advice

Knowledge-led Approach

Dedication to a “research-led” platform, demonstrates our commitment to clients – not here today, gone tomorrow

Assures that each pillar of our business has a detailed understanding of the needs, issues and strategic goals of our clients

Interests Aligned with Client

We make a financial commitment to understand and help develop our clients’ business and market position

Our structure leads to developing longer-term relationships with clients

Our research provides comprehensive coverage of approximately 240 mid-cap and emerging growth companies focusing on the following industry groups:




Kyle McPhee


Alternative Energy
Industrial Technology



MacMurray Whale





Jesse Pytlak

Kyle McPhee


& Media



David McFadgen


Consumer Products



Kyle McPhee


Energy Services



Brent Watson

Garett Ursu


Financial Services



Jeff Fenwick





Kyle McPhee


Industrial Products



David Ocampo

Jeff Fenwick




Richard Gray

Stefan Ioannou

MacMurray Whale

Brock Colterjohn

Nicolas Dion


Oil & Gas



Brent Watson

Garett Ursu


& Technical



Mark Deriet


Special Situations



Kyle McPhee

MacMurray Whale





Gavin Fairweather





David Ocampo


“Our equity sales, trading and research professionals provide Canadian and international institutional investors with top-tier execution and insightful investment ideas“

– Scott Lamacraft, CFA | Chief Executive Officer

Recent Transactions

$625 Million

has acquired certain assets from

$1.2 Billion

has acquired

US$1.1 Billion

has acquired

$520 Million

has acquired

$856 Million

has acquired

$220 Million

Equity / IPO

$788 Million

across 12 transactions

Lead / Co-Lead
Equity / IPO

$613 Million

across 5 transactions

Co-Lead / Co-Manager
Equity / Debt

$672 Million


$174 Million

across 6 transactions

Lead / Co-Lead