Cboe Canada Inc. (“Cboe Canada”) is proud to welcome back CIBC for the listing of seven new Canadian Depositary Receipts (“CDRs”). With today’s launch, CIBC has expanded their existing CDR line-up to 54 blue-chip U.S. public companies.

Since their industry-leading launch in 2021, CDRs have attracted over $3.9 Billion in AUM1, providing Canadian investors with streamlined access to US-listed companies – in Canadian dollars. Offered at a fraction of the price per share of the underlying stock, and with a built-in notional currency hedge, CDRs give investors more affordable access to foreign stocks while mitigating the currency risk associated with cross-border investing.

The seven new CDRs are now trading on Cboe Canada under the following names and symbols:

  • BlackRock CDR (CAD Hedged) – BLK
  • Constellation Brands CDR (CAD Hedged) – STZ
  • Deere CDR (CAD Hedged) – DEER
  • lululemon CDR (CAD Hedged) – LULU
  • Palo Alto Networks CDR (CAD Hedged) – PANW
  • ServiceNow CDR (CAD Hedged) – NOWS
  • Thermo Fisher CDR (CAD Hedged) – TMO

“CDRs are a made-in-Canada success story demonstrating clear and continued investor interest as a result of the success of the existing lineup. Through CDRs, investors gain easy access to some of the largest companies in the world,” commented Erik Sloane, Chief Revenue Officer at Cboe Canada. “We are incredibly excited to continue the innovation and collaboration with CIBC as we work to meet the demands of Canadian investors.”

The new tickers join 47 other popular U.S. stocks already trading as CDRs on Cboe Canada, including household names like Tesla, Nvidia, Google, Amazon, and more.

“CDRs have seen strong growth since inception and we are excited to expand our offering based on continued investor demand,” said Elliot Scherer, Managing Director and Global Head, Wealth Solutions Group at CIBC Capital Markets. “With 54 CDRs now available, CIBC is making it easier for investors to gain exposure to global companies.”

For more information about CDRs, please visit https://www.cboe.ca/en/services/raising-assets/canadian-depositary-receipts.

Cboe Canada is home to over 260 unique listings, including Canadian Depositary Receipts (CDRs), ETFs from Canada’s largest ETF issuers, and some of the most innovative Canadian and international growth companies. In Canada, Cboe consistently facilitates more than 20% of all volume traded in Canadian ETFs and over 15% of all volume traded in Canadian-listed companies. Click here for a complete view of all Cboe-listed securities.

About Cboe Canada

Cboe Canada is Canada’s Tier 1 stock exchange for the purpose-driven Innovation Economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future.

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1 Cboe Canada Data