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National Bank Direct Brokerage (”NBDB”) is a wholly-owned subsidiary of National Bank of Canada registered as an investment dealer and member of IIROC and CIPF. NBDB does not provide any advice, nor does it make any reccomendations with respect to investments. Clients of National Bank Direct Brokerage are solely responsible for the financial consequences of their Investment decisions. NBDB does not make any representation and warranties, expressed or implied, with repect to the appropriateness of investing in exchange-traded funds nor does it endorse Horizons Group or its products.