Brokerage client borrowing ticked up a little in November.

The Investment Dealers Association of Canada reports that the level of outstanding debt in client margin accounts rose to $6.8 billion from just under $6.6 billion in the prior month. The move was a modest one, particularly as the previous month saw borrowing drop more than $1 billion, from $7.9 billion at the end of September.

November was the third month in 2002, and just the third month in the past three years to record margin debt below the $7 billion mark. Margin borrowing peaked in September 2000, at $11.9 billion.