No. That's not true. Cannot legally short from Canada. To do so requires the complicity of a US-based brockerage. I beleive that such arrangements come under the RICO act here in the US, which would make the conspiracy part of the act illegal in Canada. In fact, there was a joint Canadian-USA shorting operation bust a few years back. An entire Canadian brockerage firm went down. I don't remember the details; I would have to look it up. That said, because Canada amounts to offshore trading, enforcement is difficult. Short-selling from Canadian offshores subsided for a year or so, but I guess greed and easy money along with lax enforcement are all just to much to resist.
doc.feelgoode@yahoo.com
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