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Gold/Mining/Energy : Day trading in Canada

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To: Mama Bear who wrote (2242)2/4/1999 11:50:00 PM
From: eWhartHog  Read Replies (2) of 4467
 
MB,

In Canada, securities regulation is under provincial jurisdiction. The Ontario Securities Commission (OSC) is the most powerful and best financed regulator, since it supervises the Toronto Stock Exchange.

The largest retail stockbrokers are owned by the large national banks, and are quite safe. Many other firms are less reputable. Generally the quality of execution and service in Canada is inferior to US standards, as a review of posts on this thread will suggest. Some US brokers also have offices in Canada. It may be a problem for a US national to open an account with a Canadian broker, due to SEC regulation.

Could you indicate why you want a Canadian brokerage account? Is it for long-term investing in Canada, Canadian daytrading, or perhaps to take advantage of more liberal Canadian shorting rules in US securities?

See TAFKAI's post for Canadian investment websites, including the OSC:
#reply-7070904

Cheers,
John
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