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  5. RY: Hi, I own RY shares in both Cdn and USD, and see that the USD tends to lag the Cdn by a little. [Royal Bank of Canada]
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Q: Hi, I own RY shares in both Cdn and USD, and see that the USD tends to lag the Cdn by a little. Is that due to conversion, or just the RY stock doesn't have as much momentum in the US? Not a big thing, just curious - and I figured you'd have the answer - as you always do! Thanks!
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Asked by Dawn on October 01, 2025
5i Research Answer:

This is due to the strength of the CAN dollar this year. When converted, the share price of the two stocks is essentially identical (give or take bid/ask spreads).