CDR
CONDOR ENERGIES INC
stock TSE

You're talking about cdrs.
A CDR generally has 0.6% annual cost fee built into it (the cost of hedging).
Whereas, if you were to exchange your cad for usd, there's a 2.5% fee.
So which is better depends on how long you want are holding an investment.
Let's say you move $10k over to USD, you'll pay $250 in exchange fee charges. And another $250 (or whatever 2.5% is) if you ever exchange your money back to cad. For many people, they move money over to USD and just leave it there forever (using it to buy US stocks).
But, if you're planning to sell the stock relatively quickly, the CDR is way better. It would take 4 years of CDR fees to equal the 2.5% exchange rate fee.
Obvious caveat here... there may be cheaper and easier ways to exchange your money into USD (I don't know what wealthsimple offers on this front).
Personally, I buy CDRs, but I tend to only hold a stock for a few months. But even a long term holding (like pfizer) I hold as a cdr, just because if I sell it I want to be able to replace it with Canadian stocks without having to exchange back to cad (since it's already in cad).

You're talking about cdrs.
A CDR generally has 0.6% annual cost fee built into it (the cost of hedging).
Whereas, if you were to exchange your cad for usd, there's a 2.5% fee.
So which is better depends on how long you want are holding an investment.
Let's say you move $10k over to USD, you'll pay $250 in exchange fee charges. And another $250 (or whatever 2.5% is) if you ever exchange your money back to cad. For many people, they move money over to USD and just leave it there forever (using it to buy US stocks).
But, if you're planning to sell the stock relatively quickly, the CDR is way better. It would take 4 years of CDR fees to equal the 2.5% exchange rate fee.
Obvious caveat here... there may be cheaper and easier ways to exchange your money into USD (I don't know what wealthsimple offers on this front).
Personally, I buy CDRs, but I tend to only hold a stock for a few months. But even a long term holding (like pfizer) I hold as a cdr, just because if I sell it I want to be able to replace it with Canadian stocks without having to exchange back to cad (since it's already in cad).