Company: FXC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027265
Chunk: 63

Company: Invesco CurrencyShares Canadian Dollar Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 63
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The functional currency of the Trust is the Canadian Dollar in accordance with ASC 830, Foreign Currency Translation. 

13

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 

Except as described above with respect to fluctuations in the Canadian Dollar/USD exchange rate and changes in the nominal annual interest rate paid by the Depository on Canadian Dollars held by the Trust, the Trust is not subject to market risk. The Trust does not hold securities and does not invest in derivative instruments. 

14

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Index to Financial Statements

    Documents
     
    Page

    Report of Management on Internal Control Over Financial Reporting
     
    16

    Report of Independent Registered Public Accounting Firm (PCAOB ID 238)
     
    17

    Statements of Financial Condition at December 31, 2024 and 2023
     
    19

    Statements of Comprehensive Income for the Years Ended December 31, 2024 and 2023 
     
    20

    Statement of Changes in Shareholders' Equity and Redeemable Capital Shares for the Year Ended December 31, 2024 
     
    21

    Statement of Changes in Shareholders' Equity and Redeemable Capital Shares for the Year Ended December 31, 2023
     
    22

    Statements of Cash Flows for the Years Ended December 31, 2024 and 2023
     
    23

    Notes to Financial Statements
     
    24

15

Report of Management on Internal Control 

Over Financial Reporting 

Management of Invesco Specialized Products, LLC, as sponsor (the “Sponsor”) of the Invesco CurrencyShares® Canadian Dollar Trust (the “Trust”), is responsible for establishing and maintaining adequate internal control over financial reporting, as defined under Rules 13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become