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 question isn’t “Are CDRs good or bad?” It’s: When do CDRs make sense—and when are you paying for something you don’t need? Below …
Continue Reading about CDRs: Convenient Pizza Slices… or Just Buy the Whole Pizza?
