Thu, May 8, 9:15 PM (7 days ago)
**Invesco CurrencyShares Canadian Dollar Trust (FXC) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Interest income decreased to $189,029 (2024: $458,297). - **Profit Margins:** Net comprehensive income dropped to $122,723 (2024: $392,900). - **Earnings per Share:** Basic and diluted earnings per share were $0.12 (2024: $0.43). - **Cash Flow:** Net cash provided by operating activities was $142,646 (2024: $426,743). - **Share Transactions:** 200,000 shares purchased and 100,000 shares redeemed, resulting in a net increase of 100,000 shares. - **Distributions:** $142,552 paid to shareholders (2024: $416,098). **Quarterly Performance Discussion:** - **Market Volatility:** Global tariff gyrations, US recession concerns, and geopolitical tensions impacted market volatility and the Canadian Dollar's performance. - **Currency Fluctuations:** The Canadian Dollar ended Q1 2025 flat due to USD weakness and tariff tensions. - **Interest Rates:** The interest rate paid by the Depository trended downward to 0.91%. - **Share Prices:** The NAV per share and share prices were influenced by the Canadian Dollar/USD exchange rate and market conditions. **Trends and Uncertainties:** - **Exchange Rate Fluctuations:** The value of the Canadian Dollar relative to the USD is a significant risk factor. - **Interest Rate Changes:** Variations in the interest rate paid by the Depository affect the Trust's income. - **Geopolitical Factors:** Tariff policies and geopolitical tensions can impact currency values and market volatility. **Future Operations Impact:** - **Sponsor's Fee:** The Sponsor's fee, accruing daily at an annual nominal rate of 0.40%, is a consistent expense. - **Liquidity:** The Trust maintains liquidity through Canadian Dollar deposits and share transactions. - **Regulatory Matters:** Changes in US tariff and trade policies may continue to affect foreign exchange rates and the Trust's performance. **Conclusion:** Invesco CurrencyShares Canadian Dollar Trust (FXC) faced challenges in Q1 2025 due to market volatility and currency fluctuations. The Trust's performance is closely tied to the Canadian Dollar/USD exchange rate and interest rate changes. Future operations will continue to be impacted by geopolitical factors and regulatory changes.