Margin borrowing continued to creep up in July, according to the latest numbers from the Investment Dealers Association of Canada.

The IDA says that outstanding debt in client margin accounts ticked up to $6.9 billion in the month, rising from just under $6.7 billion in June. This is the second straight month of higher margin borrowing.

However, it is still slightly short of the high for the year, as margin borrowing sat at $6.94 billion in January. As well, borrowing remains low compared to recent history. July’s total is lower than totals for every month in 2002, save two. it is aslo well off the high of $11.9 billion from September 2000.