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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (62694)	6/4/2006 4:23:54 PM
From: Claude Cormier	Respond to of 110194

Depends what canadian securities you want to buy and if you intend to activily daily trade, position trade or invest longer term. In certain markets like junior gold, who cares about the $29.95 commission rate. IB is also a very good if not better alternative. ANd they do extremely well with CAD stocks.

To: Wyätt Gwyön who wrote (62694)	6/4/2006 6:00:55 PM
From: len_chan	Respond to of 110194

why would anybody pay $29.95 for commissions these days You lucky Americans... trades in Canada by Canadians generally cost about $29. A couple of the reputable shops are in the CAD 25 range. Or if you're an very active trader you can get trades in the $15 or less. However, most people, myself included, suck it up and pay the CAD 29 per trade. Even worse, if I trade an American security at TD Waterhouse, I get charged a commission of USD 29 -- though, that hurt a lot more when the CAD was at .69 USD than it does today. They claim that there are "better" manual checks done in Canada that ensure that the trade is consistent with your investment profile and risk tolerance. Yeah, right... I'm sure it's got nothing to do with the very limited competition in Canada. -- LC