Company: FXC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000950170-25-067204
Chunk: 1

Company: Invesco CurrencyShares Canadian Dollar Trust
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1A
Chunk 1
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Except for the modified risk factor set forth below, there have been no material changes from risk factors as previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024, filed February 26, 2025.

Regulatory Matters  

Changes to United States tariff and trade policies have increased the volatility of foreign exchange rates and may continue to do so. This volatility could materially and adversely affect the performance of the Shares.  

The United States, under the Trump administration, has recently implemented significant tariff increases on imports from a large number of countries, affecting a broad array of goods, and has signaled that additional tariffs may be imposed. These actions are part of a broader shift in U.S. trade policy that has at times been difficult to predict. The potential for further escalation, including the imposition of new or higher tariffs with limited notice, has contributed to increased uncertainty in global markets. In response, other countries, including China, have announced retaliatory measures. These developments have contributed to increased volatility in foreign exchange markets, including fluctuations in the USD/Canadian Dollar exchange rate. Sustained or increased volatility could materially and adversely affect the performance of the Shares.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 

(a) There have been no unregistered sales of Shares. No Shares are authorized for issuance by the Trust under equity compensation plans.

(b) Not applicable.

(c) Although the Trust did not redeem Shares directly from its shareholders, the Trust redeemed Baskets from Authorized Participants during the three months ended March 31, 2025 as follows: 

     Period of Redemption
      
     Total Numberof SharesRedeemed

     Average PricePaid perShare

     January 1, 2025 to January 31, 2025

     —

     $
     —

     February 1, 2025 to February 28, 2025

     50,000

     $
     67.78

     March 1, 2025 to March 31, 2025

     50,000

     $
     68.22

     Total

     100,000

     $
     68.00

Item 3. Defaults Upon Senior Securities. 

None. 

Item 4. Mine Safety Disclosures. 

Not applicable. 

Item 5. Other Information. 

 During the period covered by this Quarterly Report, no director or officer of the Sponsor adopted, modified or terminated a Rule 10b5