Northern Financial announces sale of eNorthern to Questrade



    TORONTO, Aug. 1 /CNW/ - Northern Financial Corporation (TSX: NFC)
("Northern") today announced that it has sold eNorthern, its discount online
brokerage business, to Questrade Inc. eNorthern was a non-core division of
Northern Securities Inc. ("NSI"), a full service brokerage firm and
wholly-owned subsidiary of Northern. eNorthern contributed an insignificant
amount of revenue to the overall business of NSI.
    Questrade is a member of IIROC (Investment Industry Regulatory
Organization of Canada), CIPF (Canadian Investor Protection Fund), and a
participating organization of the Toronto Stock Exchange, TSX Venture Exchange
and the Montreal Exchange. For more information on Questrade, please visit
www.questrade.com.

    About Northern Financial Corporation:

    Northern Financial Corporation wholly owns Northern Securities Inc., a
full service investment dealer that provides financial advisory services to
retail and institutional clients and investment banking services to small
capitalization companies.

    About Questrade:

    Questrade Inc., headquartered in Toronto, provides Canadians with
high-speed, direct access trading in the U.S. and Canadian stock and options
markets as well as forex trading. Since its inception in 1999, the company has
grown and diversified: Questrade client services specialists speak
13 languages including English, French, Mandarin, Cantonese, Spanish, Russian,
and Hebrew. The company continues to demonstrate its competitive leadership
with a combination of outstanding service, advanced technology and competitive
pricing structures.





For further information:

For further information: about Northern Financial Corporation please
contact: Ann Krallisch, Director, Business Development, Northern Securities
Inc., (416) 644-8113, Fax: (416) 644-0270, e-mail: akrallisch@northernsi.com;
For more information about Questrade please contact: Lynn Suderman, Manager,
Communications, lsuderman@questrade.com, Tel: (416) 227-9876 x371,
www.Questrade.com

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Northern Financial Corporation

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