Q: Pat, what are we to make of CIBC’s new Canadian Depository Receipts? Is this a better way to hold U.S. investments? What are the pros and cons? Thanks.
A: CIBC’s new Canadian Depository Receipts (CDRs) aim to give investors the opportunity to buy shares and/or fractions of shares in any of a number of U.S. or other foreign companies, in bundles that start out trading at a price of about $20 Cdn. each… Read More