06:58:36 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



CI Financial Corp
Symbol CIX
Shares Issued 277,458,565
Close 2017-11-13 C$ 28.40
Market Cap C$ 7,879,823,246
Recent Sedar Documents

Globe says Scotiabank, CI try commission-free ETFs

2017-11-14 09:16 ET - In the News

See In the News (C-BNS) Bank of Nova Scotia

The Globe and Mail reports in its Tuesday edition that exchange-traded funds have exploded in popularity, spurred by lower fees that improve returns. In a Globe special, Shirley Won writes that these funds, which trade like stocks, can be an even better bargain if investors do not have to pay commissions to buy and sell. Several Canadian discount brokers offer the allure of zero-fee ETFs. While these deals can be enticing, investors also need to be aware of their potential limits and pitfalls. "Read the fine print," says Justin Bender, a portfolio manager with PWL Capital Inc. "Look at all the fees for the different brokerages because they have better or worse set-ups, depending on what you are looking for." Commission-free trading can vary. National Bank Discount Brokerage, for instance, does not charge fees to buy or sell North American-listed ETFs. Scotia iTrade, a unit of Bank of Nova Scotia, also has zero commissions, but only on 50 eligible Canadian-listed ETFs, and Qtrade Investor on only 100 eligible, North American-listed ETFs. Both Questrade and CI Financial's Virtual Brokers do not charge a fee to buy North American-listed ETFs, but require a regular commission to sell.

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