Many Canadians want to invest in companies like Microsoft, Google, Apple, NVIDIA, and Amazon but don't want the hassle of converting CAD to USD. That’s where CDRs (Canadian Depositary Receipts) come in. Examples: • MSFT.NE $MSFT — Microsoft $MSFT • GOOG.NE $GOOG — Google $GOOG • AAPL.NE $AAPL — Apple $AAPL • NVDA.NE $NVDA — NVIDIA $NVDA • AMZN.NE $AMZN — Amazon $AMZN A CDR is designed to follow the same stock. If Microsoft goes up 10%, the CDR should move very close to 10% as well. Pros: - Buy using Canadian dollars - No need to exchange currency - Easy to hold in a TFSA - Less impact from USD/CAD currency changes Cons: - Small fees are built into CDRs - Price movement may not match the U.S. stock perfectly - Lower trading volume compared to the original U.S. shares For many Canadian investors, CDRs are a simple way to own some of the world’s best companies without worrying about currency conversion. I’m curious — does anyone here own CDRs? What has been your experience so far? Would you choose a CDR over buying the original U.S. stock? Sharing your thoughts could help other Canadian investors like myself learn.
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5 Comments
Raphael @raphster · 8d
I have MSFT CDR and it's down 20% 🤪 Long term investment
Mitul Patel@mitul54 · 8d
I own cdrs and until now experience is Good
Jun @junequity · 8d
I own some CDRs for my short term 9-18month trades. Particularly interesting though is that RBC Asset Management has made the case for a flattening and strengthening of CAD through 2026 and into 2027. This is a positive projection for CDRs in certain investment time horizons. CDRs are structured to remove/reduce currency fluctuation risk. But the strategy is net negative over time, which is why most suggest to hold the underlying security if you’re investing for the long run. Additional things to consider: - no options on CDRs - no after hours or premarket trading
Alex @otman26 · 8dEdited
Ive got mostly Google, meta, amazon and some msft/tesla in cdr Same with etfs you can find some equivalents to the usd market Ie vfv = voo Qqc = qqq Cpcc = copx Rbot = botz Since Ive had less capital I found it more cost effective but since ive been adding usd stocks for larger growth
Bitan Mukhopadhyay@bitan · 8d
I own CDRs also, I was also wondering if it’s profitable to own CDRs in the long run. I had also asked everyone in the @blossom team to take the inputs from them.
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