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Non-Tech : Le coin des francophones -- Ignore unavailable to you. Want to Upgrade?

To: kamtrader who wrote (3110)	9/10/1999 8:07:00 PM
From: AriKirA	Respond to of 77509

The Best and Worst Discount Brokers TORONTO, Sept. 9 /CNW/ - Playing the market can be risky. Choosing the right discount broker can be too. But Canadian Business cuts the risk in half with its first-ever ranking of Canada's discount brokers. Canadian investors had $62 billion in discount brokerage accounts as of March 1999, up from $15 billion in 1993, according to Toronto consulting firm Investor Economics Inc. As the do-it yourself crowd continues to grow at a rapid pace, Canada's discount brokerage sector is scrambling to be faster, cheaper and better. So, who's the best in Canada? Canadian Business opened accounts with each discount broker in the country. And after probing, poking and prodding all 11 brokers, Canadian Business gives top marks to Canada's biggest discount broker, TD Waterhouse (formerly Green Line). With an overall grade of A-, TD Waterhouse isn't the cheapest or the best in all categories. But it does most things well, including touch-tone trading and online trading. And who's the worst? Scotia Discount Brokerage is at the bottom of our ranking with a grade of D, thanks to shoddy service and numerous technical obstacles. Our exclusive ranking, featured in the special Discount Brokers cover package of the September 24, 1999 issue, also provides an in-depth look at how each discount broker measures up-or down-on price, service, promptness, technology, access to products and much more. Whether you want quick trades or better research and advice, Senior Writer Derek DeCloet reveals in How They Stack Up, where you should put your money and why. In Shut Up and Wait, DeCloet examines why Canada's best discount broker is faster, friendlier and less costly in the US. TD Waterhouse will whack you with a $150 commission if you want 5,000 shares of anything other than bargain-basement stock. US clients, however, can trade up to 5,000 shares for US$12 (about $18). In addition to better prices, US customers also get access to copious amounts of free research. So why do they get preferential treatment? TD Waterhouse executives blame Canada's onerous securities regulations, but what's the real reason? They have competition. The September 24, 1999 issue of Canadian Business will be available on newsstands on September 10, 1999. Visit www.canbus.com for the text-only reports. The editorial staff of Canadian Business is available for comment and/or more information.