TORONTO - Charles Schwab's recent expansion into Canada is only one of a series of moves the brokerage giant will be making to further diversify its business globally. With the opening of the new Toronto-based operation, Schwab now has a physical presence in four locations outside the U.S. The others are London, Hong Kong and the Cayman Islands.

"We're looking at the possibility of strategic alliances, joint ventures and doing it ourselves," said Luis (Ed) Valencia, president of Charles Schwab International and an executive vice president of the parent firm based in San Francisco. "We don't rule anything out."

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