Anita BalakrishnanCanadian Press
Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has a growing number of Canadians trying their hand at day trading.
“We’ve seen an incredible amount of growth on our platform this past year,” says Kevin Gu, senior product manager at Wealthsimple Trade, an online trading platform.
“The pandemic has made active trading popular for a few reasons: people have more time on their hands since being at home, they are thinking about their finances more seriously, and they are excited about the opportunity to get into the market.”
As thousands of Canadians flock to day trading during lockdown, experts urge caution
by Anita Balakrishnan, The Canadian Press
Posted Dec 17, 2020 10:26 am EDT
Last Updated Dec 17, 2020 at 10:28 am EDT
TORONTO Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has a growing number of Canadians trying their hand at day trading.
“We’ve seen an incredible amount of growth on our platform this past year,” says Kevin Gu, senior product manager at Wealthsimple Trade, an online trading platform.
“The pandemic has made active trading popular for a few reasons: people have more time on their hands since being at home, they are thinking about their finances more seriously, and they are excited about the opportunity to get into the market.”
As thousands of Canadians flock to day trading during lockdown, experts urge caution - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
As thousands flock to day trading during lockdown, experts urge caution
Anita Balakrishnan, The Canadian Press The logo for Robinhood is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Monday, Oct. 12, 2020. , Gabby Jones/Bloomberg
TORONTO Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has a growing number of Canadians trying their hand at day trading. We ve seen an incredible amount of growth on our platform this past year, says Kevin Gu, senior product manager at Wealthsimple Trade, an online trading platform.
Winnipeg Free Press By: Anita Balakrishnan, The Canadian Press Posted:
TORONTO - Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has a growing number of Canadians trying their hand at day trading.
A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has Canadians day trading. THE CANADIAN PRESS/Jesse Johnston
TORONTO - Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has a growing number of Canadians trying their hand at day trading.