Thermo Fisher Scientific CDR (CAD Hedged)

Thermo Fisher Scientific CDR (CAD Hedged) is a Canadian Depositary Receipt that provides exposure to Thermo Fisher Scientific, a global leader in scientific instruments, laboratory equipment, diagnostics, and life science reagents. Through this structure, Canadian investors can access the underlying U.S. company in Canadian dollars, with a currency hedge designed to reduce the impact of exchange-rate fluctuations between the Canadian and U.S. dollars. The underlying business operates across analytical technologies, specialty diagnostics, life science solutions, and laboratory products and services, supporting research, quality control, and clinical applications in the healthcare, pharmaceutical, biotech, and industrial sectors. By packaging this large, diversified healthcare and life sciences company into a CDR format, the instrument plays a role in broadening access to global healthcare innovation within the Canadian equity market while aligning cash flows more closely with Canadian-dollar investors’ needs.