RE:Margin - stay away from TD Waterhouse....I use National Bank Direct Brokerage and have 50% margin up to $5. Then 70% after.
Buckshot26 wrote: I guess this plays into the whole loan thread as well. I had it out with one of the top guys at the credit-risk dept of TD today. The takeaway is that they feel the sector is too risky and they will not be giving Canopy margin regardless of the fact that it meets industry thresholds to do so. Therefore TD Waterhouse should be avoided for anyone that is hoping for margin in this space as I was told it'snot going to happen.
If anyone is getting margin could you please either post or pm me which house as I will be transferring out.
Best regards,
Buck