CIBC Expands CDR Lineup With Nebius Group Listing on TSX

CIBC is expanding its Canadian Depositary Receipt (CDR) lineup with the launch of the Nebius Group CDR (CAD Hedged), expected to begin trading on the Toronto Stock Exchange under the ticker NBIS on November 18, 2026. The addition will bring CIBC's offering to 145 CDRs spanning companies across six countries. Introduced over five years ago, CDRs allow Canadian investors to gain exposure to international equities in Canadian dollars, typically at a fraction of the underlying share price. They also incorporate a notional currency hedge designed to reduce foreign exchange risk. The new listing gives Canadian investors another way to access Nebius Group, an AI infrastructure company, without directly purchasing its U.S.-listed shares.