Market Opens

Elliot Scherer, Managing Director, Canadian Imperial Bank of Commerce (CIBC), and his team joined Loui Anastasopoulos, Chief Executive Officer, Toronto Stock Exchange (TSX), along with Kelsey Gunderson, Head of TMX Markets Products and President of Equity Trading, TMX Group, to open the market to celebrate the listing of 10 Canadian Depositary Receipts (CDRs) options on Montréal Exchange (MX), following the listing of 12 CIBC CDRs on TSX. Options on CDRs are a new financial product designed to provide Canadian investors with cost-effective, currency-hedged access to U.S.-based stocks on its exchange. This innovative solution allows retail investors to leverage the power of options trading without the need for cross-border transactions while mitigating foreign exchange risk. CDRs listed on TSX with options available on MX include: MX: NVDA - Nvidia CDR (CAD Hedged), MX: AMZN - Amazon.com CDR (CAD Hedged), MX: TSLA - Tesla CDR (CAD Hedged), MX: GOOG - Alphabet CDR (CAD Hedged), MX: MSFT - Microsoft CDR (CAD Hedged), MX: AAPL - Apple CDR (CAD Hedged), MX: BRK - Berkshire Hathaway CDR (CAD Hedged), MX: COST - Costco CDR (CAD Hedged), MX: META - Meta CDR (CAD Hedged), MX: AMD - Advanced Micro Devices CDR (CAD Hedged). Also available on TSX: TSX: COLA - Coca-Cola CDR (CAD Hedged), TSX: CSCO - Cisco CDR (CAD Hedged).

Skye Collyer, Director, ETF Distribution Western Canada, BMO Global Asset Management and Hamish Lillico, Director, ETF Distribution British Columbia, BMO Global Asset Management, joined Tim Babcock, President, TSX Venture Exchange, TMX Group, to close the market to celebrate the launch of the new BMO SPDR Consumer Discretionary Select Sector Index ETF (TSX: ZXLY/ZXLY.F). The BMO SPDR Consumer Discretionary Select Sector Index ETF seeks to replicate, to the extent possible before fees and expenses, the performance of an index that provides exposure to equity securities of large-capitalization issuers in the U.S. discretionary sector. Generally, the ETF will invest substantially all of its assets, directly or indirectly, in the Consumer Discretionary Select Sector SPDR® Fund. The ETF may invest substantially all of its assets, directly or indirectly, in the constituent securities of the Index, in substantially the same proportions as they are represented in the Index. BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors and investors. This includes a comprehensive suite of ETFs developed in Canada for Canadians, such as cost-effective core equity ETFs following market leading indexes, and a broad range of fixed income ETFs; solution-based ETFs responding to client demand, as well as combining active and passive investing with the ETF series of active mutual funds.

Stephen Hoffman, Managing Director, Exchange Traded Funds, RBC Global Asset Management (“RBC GAM” or the “Company”), and his team joined Graham MacKenzie, Managing Director, Exchange Traded Products, Toronto Stock Exchange (TSX), to open the market to celebrate the launch of the RBC Canadian Ultra Short Term Bond ETF (TSX: RUST), and the launch of the three new RBC Target Maturity Bond ETFs which will be managed by RBC Global Asset Management Inc.: RBC Target 2031 Canadian Government Bond ETF (TSX: RGQT), RBC Target 2031 Canadian Corporate Bond ETF (TSX: RQT), RBC Target 2031 U.S. Corporate Bond ETF (TSX: RUQT/RUQT.U). The three new target maturity bond ETFs, each maturing in 2031, aim to help Canadian investors and advisors address common challenges when managing their fixed income portfolios by providing simple and transparent access to a wide range of diversified bond portfolios and the ability to manage duration more precisely. RUST is a high-quality fixed income solution that offers exposure to a diversified portfolio of Canadian investment-grade corporate bonds, with an average term to maturity dates of under one year. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. RBC iShares is a strategic alliance formed in 2019 between RBC Global Asset Management and BlackRock Canada. RBC iShares provides the largest suite of ETFs to Canadians, and leverages the combined investment expertise of Canada’s largest asset manager and the world’s largest ETF provider to help advisors build efficient portfolios that meet the needs of their clients.

Winnie Sanjoto, Senior Vice President, Corporate Finance Division, Ontario Securities Commission, and her team joined Chris Birkett, President, TSX Listings, to close the market to celebrate the Ontario Securities Commission's oversight of the capital markets. The Ontario Securities Commission (OSC) is the regulatory body responsible for overseeing the capital markets in Ontario. Its mandate is to protect investors from unfair, improper, or fraudulent practices, foster fair, efficient and competitive capital markets, build confidence in the capital markets, foster capital formation, and contribute to the stability of the financial system and the reduction of systemic risk. The OSC operates under the authority of the Securities Act (Ontario) and works to ensure that Ontario’s capital markets remain inviting, thriving, and secure. The OSC is also a member of the Canadian Securities Administrators (CSA), working alongside other provincial and territorial securities regulators to harmonize securities regulation across Canada.