Northwire Canada EditionSunday, August 16, 2026
Sign inSubscribe
Northwire
⌕
ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2% ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2%
Financings

BMO launches five Canadian depositary receipts

By The Northwire Desk — AI Analysis Oct 16, 2025 · 16:58 ZNVD · 9.85 Nvidia (NVDA) BMO CDR (CAD Hedged)
ZNVD · Price

Executive Summary

  • Bank of Montreal (BMO) launched five new Canadian Depositary Receipts (CDRs) providing Canadian investors exposure to major U.S. equities: AMD, Alphabet (Class C), Amazon, Nvidia and Tesla.
  • The initial offering has closed and the CDRs begin trading today on the Cboe Canada exchange at an approximate price of CAD $10 per share.
  • BMO highlights currency‑risk mitigation and cost‑effective access to these U.S. companies for Canadian investors.

Key Details

  • New CDR tickers:
  • AMD – ZAMD (Advanced Micro Devices Inc.) – U.S. jurisdiction
  • Alphabet Inc. Class C – ZGOO – U.S. jurisdiction
  • Amazon.com Inc. – ZAMZ – U.S. jurisdiction
  • Nvidia Corp. – ZNVD – U.S. jurisdiction
  • Tesla Inc. – ZTSL – U.S. jurisdiction
  • Pricing: Each CDR priced at approximately CAD $10 per share, offering an accessible entry point for investors.
  • Trading venue: All five CDRs will trade on the Cboe Canada exchange starting today.
  • Currency risk management: BMO states that its CDR structure eliminates the need for Canadian investors to convert CAD to foreign currency, thereby reducing currency‑exchange exposure.
  • Investor access: The CDRs are available across multiple platforms for individual investors and financial advisers in Canada.
  • Regulatory disclosures: Investors are directed to the short‑form base shelf prospectus and related supplement for each series (available on SEDAR+ or BMO’s website) and reminded that the product may not be suitable for all investors.

Notable Quotes

“We are pleased to announce the expansion of our global CDR lineup in Canada to meet the needs of investors seeking greater exposure to world‑class companies listed in the United States,” – Bill Bamber, CEO, BMO Global Asset Management.

Read the original news release →