If you’ve invested in U.S. stocks as a Canadian, you’ve probably bumped into CDRs (Canadian Depositary Receipts). They’ve been marketed as a simple way to buy big-name U.S. companies in Canadian dollars, without currency conversion, and with built-in currency hedging. And yes—CDRs can be convenient. But convenience always comes with a price tag. The real […]
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5 Years Later, is Investing in CDRs Worth It? [Podcast]
CDRs were pitched as a simple way for Canadians to buy U.S. (and now a few international) stocks in Canadian dollars—with built-in currency hedging. Five years after their launch, we revisit what CDRs actually are, what they do well, and why the “convenience” story often comes with a price tag investors don’t fully see. If […]
