The latest numbers from the Investment Dealers Association of Canada show client margin debt at its lowest level in more than two years.

The IDA reports that outstanding debt in client margin accounts slipped to under $6.6 billion in October, down from $7.9 billion in the previous month. Client debt levels have only been under $7 billion one other time in the past couple of years, and that was this past August, when they barely slipped under the $7 billion mark.

Margin borrowing is well off its high, which coincided with the market peak of September 2000, when clients were in hock to the tune of $11.9 billion.