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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Kerm Yerman who wrote (4686)2/17/1998 2:21:00 AM
From: CIMA  Respond to of 24921
 
The Toronto Dominion bank specializes in the Discount Brokerage side of the business and bought Waterhouse, a US discount brokerage last year. You might want to try them. Greenline is TD's #1 rated Canadian discount service.



To: Kerm Yerman who wrote (4686)2/17/1998 2:44:00 AM
From: marcos  Read Replies (1) | Respond to of 24921
 
tdbank.ca - Green Line, discount broker, I use them

ctsecurities.com - Canada Trust, I don't know how they work, but their quote server is useful, it gives you the last five buyers and sellers

canada.etrade.com - E*Trade Canada - I know a guy who loves in Arizona roughly half the time, is happy with etrade there, but tried etrade Canada and didn't like it, went to Green Line.

midwal.ca - Midland Walwyn - full-service (read full-price) but if you keep an account with them they will give you online access to their research, which, depending on the analyst, may or may not be useful. You could call them Canada's Merrill Lynch.

207.183.153.73 - irby knows everything

207.183.153.73 - lots here too

Any Canadian broker can trade in the States, most of us have US shares, just like you guys have Canadian. Most have reciprocal deals with US houses, I believe. Midland's deal is with Dean Witter, and Green Line's with Waterhouse, of course. They all charge a little more than for domestic trades, and give varying exchange spreads - both Midland and Green Line give narrow spreads in my experience.

........... cheers .............. marcos



To: Kerm Yerman who wrote (4686)2/17/1998 1:42:00 PM
From: darra  Respond to of 24921
 
Kerm
Greenline Investor Services in New York is far and away the best choice for anyone who does not already have a "grandfathered" account in Canada. I tried all the Canadian major and some of the minor brokers 2 years ago, and was told that, regretfully, company policy precluded OPENING any new accounts for US residents. I luckily found Greenline NY, which had just opened, and have been very pleased with them. They can be reached at 1-800-862-9515.

After they opened as a direct branch of TD Greenline, TD bought out Waterhouse and has made Greenline NY nominally a branch of Waterhouse. They do, however, function very much in the excellent fashion I had learned to expect. A trader who works Canadian issues will want to maintain their account in Cdn $. Trading is voice only on Canadian issues: I typically see my orders roll across my screen 20 to 60 seconds after placement for Vancouver and Toronto. A Waterhouse money market account is available for parking funds. The only thing Canadian they can not sell me are Cdn mutual funds.

The manager is Glenn Stifleman, who is very helpful. I would re -emphasize: don't call some local office of Waterhouse---they don't have a clue. Call Glenn in NY and mention that Mike Dorroh sent you. I don't get any benefit from this outburst of affection; I just like these guys and their operation.
Regards
Michael



To: Kerm Yerman who wrote (4686)2/17/1998 5:09:00 PM
From: darra  Respond to of 24921
 
Kerm
I just discovered that Glenn Stifleman is no longer the Greenline Mgr in NY. New person is Tracy Beckman, who I have dealt with many times. She came up through the ranks! Phone remains 1-800-862-9515.
Regards
Michael



To: Kerm Yerman who wrote (4686)2/18/1998 3:54:00 PM
From: Friend  Read Replies (1) | Respond to of 24921
 
Kerm,

You might also want to check out ScotiaMcleod discount brokerage (1-800-661-1955). The fees are somewhat less than that of Greenline and they offer an additional discount if you place your trade via the net. For instance, a purchase under $2k will cost you $25. Investorline has comparable fees but they do not provide any call back for trade confirmation. You have to call them to confirm.
I am not sure what the account opening rules are for non-Canadian citizens.

Hope that helps.