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Re: To Find: U.S. Brokerage handling Canadian issues on the Toronto Exchange Thanks to all who responded, here and on PM. Apologies, though, for not being clear enough about the problem. It is not about 'good' or 'bad' brokerages [though am glad to see the brokerage rating array ]. The problem is trying to buy/sell Canadian registered stock on the U.S. OTC. 'Yes', they have a U.S. equivalent stock symbol, but the trading on the OTC can be thin to the point that if you want to buy in quantity, or get out quickly, you could be in deep trouble, price-wise. For example, both SGY and RMP have U.S. 'symbols', but can go for days without seeing any trading sourced out of the OTC - while at the same time trading hundreds of thousands to millions of shares on the TSX. As for POE [!!!] E*Trade did offer such a service, direct to the TSX, - and in multiple markets/currencies as well. Apparently, there wasn't enough business for them to make a profit, so they have discontinued that service. My initial experience w/Interactive Brokers has been less than positive. After two months I am still unable to trade issues on line with this brokerage. Equally as bad, what I do find after searching around is that the site is very user-unfriendly - not even in the same league as E*Trade. By the way.............for those complaints about E*Trade may come from small accounts. I have a 'Premium' account with them and while I do have some gripes they are not as bad as those posted and I can quickly get an account manager ['human', yet] whenever I need one. . Like many, I have taken a few 'baths' on Canadian issues, particularly energy ones after the "Halloween Massacre" some years back. That, in combination with the Loonie dropping against the Dollar a good 30% has made it difficult to look at Canadian issues, even those that would otherwise look attractive. I don't know why the Loonie performs so poorly against the Dollar. America's fiscal policies and 'discretionary' projects [read 'wars' here ] should make the Dollar worth less than the currency of a Nation that is not at war. The only answer I have at this point is that perhaps Canada's current social welfare and ecological policies are more than that country can afford. Is there another answer, instead? Government mismanagement, or ? ? ? ? In the meantime, it's the problem of trading on the TSX from an American-based brokerage. Where to go? Further thoughts? T.I.A. Dev |
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Msg # | Subject | Author | Recs | Date Posted |
44613 | Re: To Find: U.S. Brokerage handling Canadian issues on the Toronto Exchange | akguy | 1 | 9/1/2015 12:51:22 PM |
44618 | Re: To Find: U.S. Brokerage handling Canadian issues on the Toronto Exchange | makemoneyinoilandgas | 1 | 9/1/2015 6:04:50 PM |