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Desjardins buys big stake in Qtrade

Desjardins Group is scooping up a sizable minority stake in independent discount brokerage Qtrade Financial, beefing up the cooperative’s online trading services outside of Quebec.

Based in Vancouver, Qtrade has built a solid business from Ontario to the west coast, and its clients will complement those served by Desjardin’s existing discount brokerage, Disnat.