CIBC Expands CDR Offerings for Canadian Investors

Canadian Bank of Commerce (TSE:CM) has released an update.

The Canadian Bank of Commerce (CIBC) has expanded its investment offerings by introducing 10 new Canadian Depositary Receipts (CDRs), allowing Canadians to invest in major global companies using Canadian dollars. CDRs offer a cost-effective means to own US-listed stocks and come with an inbuilt notional currency hedge to reduce currency risk. With these additions, CIBC now boasts a total of 65 CDRs in the market.

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