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Canada can

A reader clears up information regarding Canadians' ability to participate in online trading.


Canada can

In response to the May 11 Reuters article, "CIBC may be in talks to buy Ameritrade":

I think it is important to clarify a statement made in the article: "Also, since they (CIBC) don't have that kind of capability in Canada, it could potentially benefit their Canadian brokerage operation," Azarchs said.

It comes across as, "Canadians don't have that kind of capability," which is certainly not true. I trade on Toronto-Dominion's Canadian Web site quite often. The capability is currently not available to CIBC, but it is to Canada as a nation.

James Chambers
Proud Canadian