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1. Open a Global Trading account with ETrade for access to Candian stocks as well as those from many other countries. ETrade was one of the first online brokers to extend this opportunity to individual investors. As of March 2010, the Global Trading system at ETrade includes 24 countries. You can scan and study stock information from Canada and elsewhere through ETrade's easy online interface. The process is identical to the trading of American stocks. The one exception is that the Global Trading stocks are listed in their native currency, so you should be aware of exchange rates prior to any purchase. Otherwise, the system operates in a similar fashion to any other online broker, and you get access to all of ETrade's advanced charting features. Many of the Canadian stocks listed on ETrade include free analysis from industry personnel at Reuters to help guide your investment decisions.
2. Buy a Canadian exchange traded fund (ETF) for easy access to the Canadian stock market without opening a new international brokerage account. ETFs are designed to provide you exposure to an entire industry, sector or nation without your having to pick individual corporations in which to invest. These funds are traded exactly like stocks and do not incur any additional fees. They are not to be confused with mutual funds. An ETF is available at a share price that corresponds to the success of the entity that it tracks. The ETF for the MCSI Canada Index is EWC, for example. When the overall Canadian MCSI stock index rises, shares of EWC will also rise. Investors with holdings in EWC will receive comparable returns to an overall average of Canadian stocks. This is an excellent and easy way to profit from Canadian developments without spending time on research and risking your money on the success of one company. Other ETFs that track Canadian stocks include XIU and XMD.
3. Register with Global Trade Station for an off-shore brokerage account that services 19 international stock exchanges, including Canada's. This system offers the ability to trade Canadian stocks from a broker located in the West Indies. One advantage of this system is that its off-shore status means it is not subject to the same regulations as many American brokerage firms. Thus the Global Trade Station platform requires only one-10th the deposits of those required by American firms for anyone wishing to engage in day trading. Unlike some other brokers, Global Trade Station also lets you trade Canadian currencies through its forex system if you are seeking greater diversification. This platform provides access to all major Canadian stocks, in addition to futures and managed funds for a comprehensive set of investing opportunities.