Posted on 22/07/08
E*Trade deal will leave big shoes to fill
Investors are going to miss E*Trade Canada when it's gone, even if they never dreamed of doing business with this upstart online broker.E*Trade is to be acquired by Bank of Nova Scotia in a deal that closes early this fall. What we have here is a nimble, innovative, competitive broker being purchased by an outfit that is none of those things. Nightmare outcome: ScotiaMcLeod Direct Investing absorbs E*Trade like a python eating a rat.
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