Charles Schwab will not be wasting any time building on its new Canadian foothold to take on the bank owned firms that dominate the Canadian discount brokerage industry.

Last month Schwab announced it had acquired Priority Brokerage, a privately owned discount brokerage, and Porthmeor Securities, a full service broker, both of Toronto. With its new acquisitions, Schwab's early agenda includes expanding to all provinces of Canada, new hiring and the addition of new technology and services.

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