| BROKERAGE RESEARCH REPORT |
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| News Alert
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January 18, 2004 American brokerage TD Waterhouse, ETrade cancel merger talks News
January 13, 2004 TD Bank Financial Group and E(x)Trade Financial Corporation today confirmed that they are holding discussions with regard to a possible transaction News
October 16, 2003 Merrill Lynch HSBC becomes HSBC InvestDirect on November 1 News
October 3, 2003 Citigroup Global Markets Canada Inc. joins TSX as a participating organization News
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