The Bank of New York Mellon Corporation, a global financial services company, today announced the opening of an unsponsored American Depositary Receipt (ADR) program for a leading Canadian supermarket chain.

This milestone marks the first time U.S. and global investors can leverage ADRs to access a Canadian equity.  BNY expects to open additional unsponsored ADR programs, with Canadian issuers spanning a diverse range of sectors and industries anticipated to follow in the coming months.  

These ADRs will allow global investors to invest in certain Canadian companies via U.S.-quoted, U.S. dollar-denominated securities. These ADRs settle through established U.S. market infrastructure, providing the efficiencies of domestic trading—including transparent pricing, enhanced liquidity, and streamlined clearing and custody.

“We’re pleased to provide investors with access to one of the world’s leading capital markets with strong regulatory foundations,” said Chris Kearns, Global Head of Depositary Receipts at BNY. “Our launch of ADRs on certain Canadian issuers provides global investors with a seamless, cost-effective, and transparent way to engage with those Canadian companies via U.S. markets. This marks a meaningful advancement in cross-border capital access and global market connectivity.”

BNY plans to open unsponsored ADR programs in a diverse range of sectors, including natural resources, technology, financial services, and consumer goods, underscoring both the breadth of Canada’s capital markets and the increasing global demand for exposure to them.

These ADRs will be available under BNY’s Depositary Receipts platform, which currently enables access to foreign securities to U.S. investors through a familiar and liquid structure. This launch reinforces BNY’s role as a strategic convenor in facilitating global investment flows, empowering both investors and issuers through innovation in capital market access.