How to Start Buying Stocks in Canada

Before you can buy stocks in Canada you have to get set up with a broker. As in the United States, there are full-service and discount brokers. Full-service brokers can advise you on which stocks to purchase, where a discount broker gives investors more of a self-directed investing account. It is quite easy to get started buying stocks in Canada regardless of which type of broker you choose.

Things You'll Need

• Broker account

Instructions

1. Decide if you want to use a full-service broker or an online discount broker. The Cannon Financial Center website has a list of Canadian brokers.

2. Determine which stocks you want to invest in. With a full-service broker, you will get advice on which stocks to buy. For an online discount broker account, use the account research tools to identify stocks you may be interested in. Pay attention to the share price and the stock symbol.

3. Initiate a stock buy when you are ready. For full-service brokers, just tell them which stocks and how many shares and they take care of the rest. For discount brokers, enter in the stock symbol and number of shares you want to buy in your account. Preview your buy order and click "Buy" to make the stock purchase.

References

• Canadian Financial Info - How to buy stocks

Resources

• Cannon Financial Center - Canada Full Service Brokers
• E-Trade Canada
• Questrade Canadian Discount Broker