Invesco CurrencyShares Canadian Dollar Trust (FXC) 10-K 14 Jan 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Oct. 31, 2015	Apr. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	FXC
Entity Registrant Name	CURRENCYSHARES CANADIAN DOLLAR TRUST
Entity Central Index Key	1,353,612
Current Fiscal Year End Date	--10-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		2,750,000
Entity Public Float		$ 226,682,500

Statements of Financial Conditi

Statements of Financial Condition	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Current Assets:
Canadian Dollar deposits, interest bearing	$ 216,342,962	$ 251,358,636
Receivable from accrued interest		142,463
Total Current Assets	216,342,962	251,501,099
Current Liabilities:
Canadian Dollar deposits, non-interest bearing, overdrawn		290
Accrued Sponsor's fee	73,485	85,839
Total Current Liabilities	$ 73,485	$ 86,129
Commitments and Contingent Liabilities (note 9)
Redeemable Capital Shares, at redemption value, no par value, 26,500,000 authorized, - 2,850,000 issued and outstanding	$ 216,269,477	$ 251,414,970
Shareholders' Equity:
Retained Earnings	0	0
Cumulative Translation Adjustment	0	0
Total Liabilities, Redeemable Capital Shares and Shareholders' Equity	$ 216,342,962	$ 251,501,099

Statements of Financial Condit3

Statements of Financial Condition (Parenthetical) - $ / shares	Oct. 31, 2015	Oct. 31, 2014
Statement of Financial Position [Abstract]
Redeemable Capital Shares, no par value	$ 0	$ 0
Redeemable Capital Shares, shares authorized	26,500,000	26,500,000
Redeemable Capital Shares, shares issued	2,850,000	2,850,000
Redeemable Capital Shares, shares outstanding	2,850,000	2,850,000

Statements of Comprehensive Inc

Statements of Comprehensive Income - USD ($)	3 Months Ended								12 Months Ended
	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Income
Interest Income	$ 1,852	$ 156,866	$ 144,625	$ 319,547	$ 414,769	$ 429,115	$ 412,117	$ 510,040	$ 622,890	$ 1,766,041	$ 2,527,023
Total Income	1,852	156,866	144,625	319,547	414,769	429,115	412,117	510,040	622,890	1,766,041	2,527,023
Expenses
Sponsor's fee	(222,858)	(221,910)	(192,204)	(232,430)	(262,080)	(271,756)	(268,244)	(317,594)	(869,402)	(1,119,674)	(1,731,440)
Total Expenses	(222,858)	(221,910)	(192,204)	(232,430)	(262,080)	(271,756)	(268,244)	(317,594)	(869,402)	(1,119,674)	(1,731,440)
Net (Loss)/Income	$ (221,006)	$ (65,044)	$ (47,579)	$ 87,117	$ 152,689	$ 157,359	$ 143,873	$ 192,446	$ (246,512)	$ 646,367	$ 795,583
Basic and Diluted Earnings per Share	$ (0.08)	$ (0.02)	$ (0.02)	$ 0.03	$ 0.05	$ 0.05	$ 0.05	$ 0.06	$ (0.09)	$ 0.21	$ 0.18
Weighted-average Shares Outstanding	2,926,630	2,763,587	2,459,551	2,289,674	2,886,413	2,925,000	3,048,315	3,361,957	2,711,918	3,055,479	4,414,795
Cash Dividends per Share			$ 0.01	$ 0.04	$ 0.05	$ 0.05	$ 0.05	$ 0.06	$ 0.05	$ 0.21	$ 0.17
Other Comprehensive (Loss)/Income:
Currency translation adjustment	$ (1,158)	$ 2,703	$ (1,502)	$ (7,094)	$ (3,054)	$ (961)	$ 976	$ (8,001)	$ (7,051)	$ (11,040)	$ 1,040
Total Comprehensive (Loss)/Income	$ (222,164)	$ (62,341)	$ (49,081)	$ 80,023	$ 149,635	$ 156,398	$ 144,849	$ 184,445	$ (253,563)	$ 635,327	$ 796,623

Statements of Changes in Shareh

Statements of Changes in Shareholders' Equity - USD ($)	Total	Retained Earnings [Member]	Cumulative Translation Adjustment [Member]
Retained Earnings, Beginning of Year at Oct. 31, 2012		$ 0
Cumulative Translation Adjustment, Beginning of Year at Oct. 31, 2012			$ 0
Net (Loss)/Income	$ 795,583	795,583
Currency translation adjustment	1,040		1,040
Distributions Paid		(770,063)
Adjustment of redeemable capital shares to redemption value		(25,520)	(1,040)
Retained Earnings, End of Year at Oct. 31, 2013		0
Cumulative Translation Adjustment, End of Year at Oct. 31, 2013			0
Net (Loss)/Income	646,367	646,367
Currency translation adjustment	(11,040)		(11,040)
Distributions Paid		(637,630)
Adjustment of redeemable capital shares to redemption value		(8,737)	11,040
Retained Earnings, End of Year at Oct. 31, 2014	0	0
Cumulative Translation Adjustment, End of Year at Oct. 31, 2014	0		0
Net (Loss)/Income	(246,512)	(246,512)
Currency translation adjustment	(7,051)		(7,051)
Distributions Paid		(132,881)
Adjustment of redeemable capital shares to redemption value		379,393	7,051
Retained Earnings, End of Year at Oct. 31, 2015	0	$ 0
Cumulative Translation Adjustment, End of Year at Oct. 31, 2015	$ 0		$ 0

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Cash flows from operating activities
Cash received for accrued income	$ 732,747	$ 1,786,487	$ 2,562,496
Cash paid for expenses	(869,218)	(1,140,388)	(1,776,323)
Net cash (used in)/provided by operating activities	(136,471)	646,099	786,173
Cash flows from financing activities
Cash received to purchase redeemable shares	127,858,942	36,495,266	58,495,917
Cash paid to redeem redeemable shares	(127,864,231)	(100,362,128)	(194,992,928)
Cash paid for distributions	(132,881)	(637,630)	(770,063)
Net cash used in financing activities	(138,170)	(64,504,492)	(137,267,074)
Adjustment to period cash flows due to currency movement	(34,740,743)	(23,278,361)	(17,480,361)
Decrease in cash	(35,015,384)	(87,136,754)	(153,961,262)
Cash at beginning of year	251,358,346	338,495,100	492,456,362
Cash at end of year	216,342,962	251,358,346	338,495,100
Reconciliation of net income/(loss) to net cash (used in)/provided by operating activities
Net (Loss)/Income	(246,512)	646,367	795,583
Adjustments to reconcile net income/(loss) to net cash (used in)/provided by operating activities:
Receivable from accrued interest		(142,463)	(177,335)
Prior period receivable from accrued interest	142,463	177,335	223,499
Currency translation adjustment	(20,068)	(5,501)	(1,260)
Accrued sponsor fee	73,485	85,839	115,478
Prior period accrued sponsor fee	(85,839)	(115,478)	(169,792)
Net cash (used in)/provided by operating activities	$ (136,471)	$ 646,099	$ 786,173

Organization and Description of

Organization and Description of the Trust	12 Months Ended
	Oct. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of the Trust	1. Organization and Description of the Trust The CurrencyShares ® The investment objective of the Trust is for the Trust’s shares (the “Shares”) to reflect the price in USD of the Canadian Dollar plus accrued interest, if any, less the Trust’s expenses and liabilities. The Shares are intended to provide investors with a simple, cost-effective means of gaining investment benefits similar to those of holding Canadian Dollars. The Trust’s assets primarily consist of Canadian Dollars on demand deposit in two deposit accounts maintained by the Depository: a primary deposit account which may earn interest and a secondary deposit account which does not earn interest. The secondary deposit account is used to account for any interest that may be received and paid out on creations and redemptions of blocks of 50,000 Shares (“Baskets”). The secondary account is also used to account for interest earned, if any, on the primary deposit account, pay Trust expenses and distribute any excess interest to holders of Shares (“Shareholders”) on a monthly basis. The accompanying audited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies A. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of the assets, liabilities and disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period and the evaluation of subsequent events through the issuance date of the financial statements. Actual results could differ from those estimates. B. Foreign Currency Translation The Trustee calculates the Trust’s net asset value (“NAV”) each business day, as described in Note 4. For NAV calculation purposes, Canadian Dollar deposits (cash) are translated at the Closing Spot Rate, which is the Canadian Dollar/USD exchange rate as determined and published by The WM Company, at 4:00 PM (London time / London fixing) on each day that NYSE Arca is open for regular trading. The functional currency of the Trust is the Canadian Dollar in accordance with generally accepted accounting standards. For financial statement reporting purposes, the U.S. Dollar is the reporting currency. As a result, the financial records of the Trust are translated from Canadian Dollars to USD. The Closing Spot Rate on the last day of the period is used for translation in the statements of financial condition. The average Closing Spot Rate for the period is used for translation in the statements of comprehensive income and the statements of cash flows. Any currency translation adjustment is included in comprehensive income. C. Federal Income Taxes The Trust is treated as a “grantor trust” for federal income tax purposes and, therefore, no provision for federal income taxes is required. Interest, gains and losses are passed through to the Shareholders. Shareholders generally will be treated, for U.S. federal income tax purposes, as if they directly owned a pro-rata share of the assets held in the Trust. Shareholders also will be treated as if they directly received their respective pro-rata portion of the Trust’s income, if any, and as if they directly incurred their respective pro-rata portion of the Trust’s expenses. The acquisition of Shares by a U.S. Shareholder as part of a creation of a Basket will not be a taxable event to the Shareholder. The Sponsor’s fee accrues daily and is payable monthly. For U.S. federal income tax purposes, an accrual-basis U.S. Shareholder generally will be required to take into account as an expense its allocable portion of the USD-equivalent of the amount of the Sponsor’s fee that is accrued on each day, with such USD-equivalent being determined by the currency exchange rate that is in effect on the respective day. To the extent that the currency exchange rate on the date of payment of the accrued amount of the Sponsor’s fee differs from the currency exchange rate in effect on the day of accrual, the U.S. Shareholder will recognize a currency gain or loss for U.S. federal income tax purposes. The Trust does not expect to generate taxable income except for interest income (if any) and gain (if any) upon the sale of Canadian Dollars. A non-U.S. Shareholder generally will not be subject to U.S. federal income tax with respect to gain recognized upon the sale or other disposition of Shares, or upon the sale of Canadian Dollars by the Trust, unless: (1) the non-U.S. Shareholder is an individual and is present in the United States for 183 days or more during the taxable year of the sale or other disposition, and the gain is treated as being from United States sources; or (2) the gain is effectively connected with the conduct by the non-U.S. Shareholder of a trade or business in the United States. A non-U.S. Shareholder’s portion of any interest income earned by the Trust generally will not be subject to U.S. federal income tax unless the Shares owned by such non-U.S. Shareholder are effectively connected with the conduct by the non-U.S. Shareholder of a trade or business in the United States. D. Revenue Recognition Interest on the primary deposit account, if any, accrues daily as earned and is received on a monthly basis. Any interest below zero for the period is reflected as interest expense. E. Dividends To the extent that the interest earned by the Trust, if any exceeds the sum of the Sponsor’s fee for the prior month plus other Trust expenses, if any, the Trust will distribute, as a dividend (herein referred to as dividends or distributions), the excess interest earned in Canadian Dollars effective on the first business day of the subsequent month. The Trustee will direct that the excess Canadian Dollars be converted into USD at a prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata basis (in accordance with the number of Shares that they own).

Canadian Dollar Deposits

Canadian Dollar Deposits	12 Months Ended
	Oct. 31, 2015
Text Block [Abstract]
Canadian Dollar Deposits	3. Canadian Dollar Deposits Canadian Dollar principal deposits are held in a Canadian Dollar-denominated, interest-bearing demand account. The interest rate in effect as of October 31, 2015 was an annual nominal rate of 0.00%. For the year ended October 31, 2015, there were Canadian Dollar principal deposits of 159,051,217 and Canadian Dollar principal redemptions of 159,056,760 and Canadian Dollar withdrawals (to pay expenses) of 336,437 resulting in an ending Canadian Dollar principal balance of 283,052,315. This equates to 216,342,962 USD. For the year ended October 31, 2014, there were Canadian Dollar principal deposits of 39,774,638, and Canadian Dollar principal redemptions of 109,380,254 resulting in an ending Canadian Dollar principal balance of 283,394,295. This equates to 251,358,636 USD. For the year ended October 31, 2013, there were Canadian Dollar principal deposits of 59,661,957 and Canadian Dollar principal redemptions of 198,873,188, resulting in an ending Canadian Dollar principal balance of 352,999,911. This equates to 338,495,383 USD. Net interest, if any, associated with creation and redemption activity is held in a Canadian Dollar-denominated non-interest bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.

Redeemable Capital Shares

Redeemable Capital Shares	12 Months Ended
	Oct. 31, 2015
Equity [Abstract]
Redeemable Capital Shares	4. Redeemable Capital Shares Shares are classified as “redeemable” for financial statement purposes, since they are subject to redemption. Shares are issued and redeemed continuously in Baskets in exchange for Canadian Dollars. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. Only Authorized Participants (as defined below) may place orders to create and redeem Baskets. An Authorized Participant is a Depository Trust Company (“DTC”) participant that is a registered broker-dealer or other institution eligible to settle securities transactions through the book-entry facilities of the DTC and which has entered into a contractual arrangement with the Trust and the Sponsor governing, among other matters, the creation and redemption process. Only Authorized Participants may redeem their Shares at any time in Baskets. Due to expected continuing creations and redemptions of Baskets and the three-day period for settlement of each creation or redemption, the Trust reflects Shares created as a receivable on the trade date. Shares redeemed are reflected as a liability on the trade date. Outstanding Shares are reflected at a redemption value, which is the NAV per Share at the period end date. Adjustments to redeemable capital Shares at redemption value are recorded against retained earnings, or, in the absence of retained earnings, by charges against the cumulative translation adjustment. Activity in redeemable capital Shares is as follows: Year ended Year ended Year ended October 31, 2015 October 31, 2014 October 31, 2013 Shares U.S. Dollar Shares U.S. Dollar Shares U.S. Dollar Opening balance 2,850,000 $ 251,414,970 3,550,000 $ 338,556,957 4,950,000 $ 492,510,069 Shares issued 1,600,000 127,858,942 400,000 36,495,266 600,000 58,495,917 Shares redeemed (1,600,000 ) (127,864,231 ) (1,100,000 ) (100,362,128 ) (2,000,000 ) (194,992,928 ) Adjustment to period Shares due to currency movement and other — (35,140,204 ) — (23,275,125 ) — (17,456,101 ) Ending balance 2,850,000 $ 216,269,477 2,850,000 $ 251,414,970 3,550,000 $ 338,556,957 The Trustee calculates the Trust’s NAV each business day. To calculate the NAV, the Trustee subtracts the Sponsor’s accrued fee through the previous day from the Canadian Dollars held by the Trust (including all unpaid interest, if any, accrued through the preceding day) and calculates the value of the Canadian Dollars in USD based upon the Closing Spot Rate. If, on a particular evaluation day, the Closing Spot Rate has not been determined and announced by 6:00 PM (London time), then the most recent Closing Spot Rate will be used to determine the NAV of the Trust unless the Trustee, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for the valuation. If the Trustee and the Sponsor determine that the most recent Closing Spot Rate is not an appropriate basis for valuation of the Trust’s Canadian Dollars, they will determine an alternative basis for the valuation. The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares. Shares deliverable under a purchase order are considered outstanding for purposes of determining NAV per Share; Shares deliverable under a redemption order are not considered outstanding for this purpose.

Selected Quarterly Information

Selected Quarterly Information (Unaudited)	12 Months Ended
	Oct. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Information (Unaudited)	5. Selected Quarterly Information (Unaudited) Fiscal Period Ended October 31, 2015: Three months Three months Three months Three months October 31, 2015 July 31, 2015 April 30, 2015 January 31, 2015 Income Interest Income $ 1,852 $ 156,866 $ 144,625 $ 319,547 Total Income 1,852 156,866 144,625 319,547 Expenses Sponsor’s fee (222,858 ) (221,910 ) (192,204 ) (232,430 ) Total Expenses (222,858 ) (221,910 ) (192,204 ) (232,430 ) Net Income $ (221,006 ) $ (65,044 ) $ (47,579 ) $ 87,117 Basic and Diluted Earnings per Share $ (0.08 ) $ (0.02 ) $ (0.02 ) $ 0.03 Weighted-average Shares Outstanding 2,926,630 2,763,587 2,459,551 2,289,674 Cash Dividends per Share $ — $ — $ 0.01 $ 0.04 Other Comprehensive (Loss)/Income: Currency translation adjustment (1,158 ) 2,703 (1,502 ) (7,094 ) Total Comprehensive (Loss)/Income $ (222,164 ) $ (62,341 ) $ (49,081 ) $ 80,023 Fiscal Period Ended October 31, 2014: Three months Three months Three months Three months October 31, 2014 July 31, 2014 April 30, 2014 January 31, 2014 Income Interest Income $ 414,769 $ 429,115 $ 412,117 $ 510,040 Total Income 414,769 429,115 412,117 510,040 Expenses Sponsor’s fee (262,080 ) (271,756 ) (268,244 ) (317,594 ) Total Expenses (262,080 ) (271,756 ) (268,244 ) (317,594 ) Net Income $ 152,689 $ 157,359 $ 143,873 $ 192,446 Basic and Diluted Earnings per Share $ 0.05 $ 0.05 $ 0.05 $ 0.06 Weighted-average Shares Outstanding 2,886,413 2,925,000 3,048,315 3,361,957 Cash Dividends per Share $ 0.05 $ 0.05 $ 0.05 $ 0.06 Other Comprehensive (Loss)/Income: Currency translation adjustment (3,054 ) (961 ) 976 (8,001 ) Total Comprehensive Income $ 149,635 $ 156,398 $ 144,849 $ 184,445

Sponsor's Fee

Sponsor's Fee	12 Months Ended
	Oct. 31, 2015
Text Block [Abstract]
Sponsor's Fee	6. Sponsor’s Fee The Sponsor’s fee accrues daily at an annual nominal rate of 0.40% of the Canadian Dollars in the Trust (including all unpaid interest but excluding unpaid fees, each as accrued through the immediately preceding day) and is paid monthly. The Sponsor assumes and pays the following administrative and marketing expenses incurred by the Trust: the Trustee’s monthly fee, NYSE Arca listing fees, SEC registration fees, typical maintenance and transaction fees of the Depository, printing and mailing costs, audit fees and expenses, up to $100,000 per year in legal fees and expenses, and applicable license fees. In certain exceptional cases the Trust will pay for some expenses in addition to the Sponsor’s fee. These exceptions include expenses not assumed by the Sponsor (i.e., expenses other than those identified in the preceding paragraph), expenses resulting from a negative interest rate, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Trustee or the Sponsor on behalf of the Trust or action taken by the Trustee or the Sponsor to protect the Trust or the interests of Shareholders, indemnification of the Sponsor under the Depositary Trust Agreement, audit fees and legal expenses in excess of $100,000 per year.

Related Parties

Related Parties	12 Months Ended
	Oct. 31, 2015
Related Party Transactions [Abstract]
Related Parties	7. Related Parties The Sponsor is a related party of the Trust. The Sponsor oversees the performance of the Trustee and the Trust’s principal service providers, including the preparation of financial statements, but does not exercise day-to-day oversight over the Trustee or the Trust’s service providers.

Concentration Risk

Concentration Risk	12 Months Ended
	Oct. 31, 2015
Risks and Uncertainties [Abstract]
Concentration Risk	8. Concentration Risk All of the Trust’s assets are Canadian Dollars, which creates a concentration risk associated with fluctuations in the price of the Canadian Dollar. Accordingly, a decline in the Canadian Dollar to USD exchange rate will have an adverse effect on the value of the Shares. Factors that may have the effect of causing a decline in the price of the Canadian Dollar include national debt levels and trade deficits, domestic and foreign inflation rates, domestic and foreign interest rates, investment and trading activities of institutions and global or regional political, economic or financial events and situations. Substantial sales of Canadian Dollars by the official sector (central banks, other governmental agencies and related institutions that buy, sell and hold Canadian Dollars as part of their reserve assets) could adversely affect an investment in the Shares. All of the Trust’s Canadian Dollars are held by the Depository. Accordingly, a risk associated with the concentration of the Trust’s assets in accounts held by a single financial institution exists and increases the potential for loss by the Trust and the Trust’s beneficiaries in the event that the Depository becomes insolvent.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Oct. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Under the Trust’s organizational documents, the Sponsor is indemnified against any liability or expense it incurs without negligence, bad faith or willful misconduct on its part. The Trust’s maximum exposure under this arrangement is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred.

Significant Accounting Polici16

Significant Accounting Policies (Policies)	12 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
Use of Estimates	A. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of the assets, liabilities and disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period and the evaluation of subsequent events through the issuance date of the financial statements. Actual results could differ from those estimates.
Foreign Currency Translation	B. Foreign Currency Translation The Trustee calculates the Trust’s net asset value (“NAV”) each business day, as described in Note 4. For NAV calculation purposes, Canadian Dollar deposits (cash) are translated at the Closing Spot Rate, which is the Canadian Dollar/USD exchange rate as determined and published by The WM Company, at 4:00 PM (London time / London fixing) on each day that NYSE Arca is open for regular trading. The functional currency of the Trust is the Canadian Dollar in accordance with generally accepted accounting standards. For financial statement reporting purposes, the U.S. Dollar is the reporting currency. As a result, the financial records of the Trust are translated from Canadian Dollars to USD. The Closing Spot Rate on the last day of the period is used for translation in the statements of financial condition. The average Closing Spot Rate for the period is used for translation in the statements of comprehensive income and the statements of cash flows. Any currency translation adjustment is included in comprehensive income.
Federal Income Taxes	C. Federal Income Taxes The Trust is treated as a “grantor trust” for federal income tax purposes and, therefore, no provision for federal income taxes is required. Interest, gains and losses are passed through to the Shareholders. Shareholders generally will be treated, for U.S. federal income tax purposes, as if they directly owned a pro-rata share of the assets held in the Trust. Shareholders also will be treated as if they directly received their respective pro-rata portion of the Trust’s income, if any, and as if they directly incurred their respective pro-rata portion of the Trust’s expenses. The acquisition of Shares by a U.S. Shareholder as part of a creation of a Basket will not be a taxable event to the Shareholder. The Sponsor’s fee accrues daily and is payable monthly. For U.S. federal income tax purposes, an accrual-basis U.S. Shareholder generally will be required to take into account as an expense its allocable portion of the USD-equivalent of the amount of the Sponsor’s fee that is accrued on each day, with such USD-equivalent being determined by the currency exchange rate that is in effect on the respective day. To the extent that the currency exchange rate on the date of payment of the accrued amount of the Sponsor’s fee differs from the currency exchange rate in effect on the day of accrual, the U.S. Shareholder will recognize a currency gain or loss for U.S. federal income tax purposes. The Trust does not expect to generate taxable income except for interest income (if any) and gain (if any) upon the sale of Canadian Dollars. A non-U.S. Shareholder generally will not be subject to U.S. federal income tax with respect to gain recognized upon the sale or other disposition of Shares, or upon the sale of Canadian Dollars by the Trust, unless: (1) the non-U.S. Shareholder is an individual and is present in the United States for 183 days or more during the taxable year of the sale or other disposition, and the gain is treated as being from United States sources; or (2) the gain is effectively connected with the conduct by the non-U.S. Shareholder of a trade or business in the United States. A non-U.S. Shareholder’s portion of any interest income earned by the Trust generally will not be subject to U.S. federal income tax unless the Shares owned by such non-U.S. Shareholder are effectively connected with the conduct by the non-U.S. Shareholder of a trade or business in the United States.
Revenue Recognition	D. Revenue Recognition Interest on the primary deposit account, if any, accrues daily as earned and is received on a monthly basis. Any interest below zero for the period is reflected as interest expense.
Dividends	E. Dividends To the extent that the interest earned by the Trust, if any exceeds the sum of the Sponsor’s fee for the prior month plus other Trust expenses, if any, the Trust will distribute, as a dividend (herein referred to as dividends or distributions), the excess interest earned in Canadian Dollars effective on the first business day of the subsequent month. The Trustee will direct that the excess Canadian Dollars be converted into USD at a prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata basis (in accordance with the number of Shares that they own).

Redeemable Capital Shares (Tabl

Redeemable Capital Shares (Tables)	12 Months Ended
	Oct. 31, 2015
Equity [Abstract]
Schedule for Redeemable Capital Shares Activity	Activity in redeemable capital Shares is as follows: Year ended Year ended Year ended October 31, 2015 October 31, 2014 October 31, 2013 Shares U.S. Dollar Shares U.S. Dollar Shares U.S. Dollar Opening balance 2,850,000 $ 251,414,970 3,550,000 $ 338,556,957 4,950,000 $ 492,510,069 Shares issued 1,600,000 127,858,942 400,000 36,495,266 600,000 58,495,917 Shares redeemed (1,600,000 ) (127,864,231 ) (1,100,000 ) (100,362,128 ) (2,000,000 ) (194,992,928 ) Adjustment to period Shares due to currency movement and other — (35,140,204 ) — (23,275,125 ) — (17,456,101 ) Ending balance 2,850,000 $ 216,269,477 2,850,000 $ 251,414,970 3,550,000 $ 338,556,957

Selected Quarterly Informatio18

Selected Quarterly Information (Unaudited) (Tables)	12 Months Ended
	Oct. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Selected Quarterly Information	Fiscal Period Ended October 31, 2015: Three months Three months Three months Three months October 31, 2015 July 31, 2015 April 30, 2015 January 31, 2015 Income Interest Income $ 1,852 $ 156,866 $ 144,625 $ 319,547 Total Income 1,852 156,866 144,625 319,547 Expenses Sponsor’s fee (222,858 ) (221,910 ) (192,204 ) (232,430 ) Total Expenses (222,858 ) (221,910 ) (192,204 ) (232,430 ) Net Income $ (221,006 ) $ (65,044 ) $ (47,579 ) $ 87,117 Basic and Diluted Earnings per Share $ (0.08 ) $ (0.02 ) $ (0.02 ) $ 0.03 Weighted-average Shares Outstanding 2,926,630 2,763,587 2,459,551 2,289,674 Cash Dividends per Share $ — $ — $ 0.01 $ 0.04 Other Comprehensive (Loss)/Income: Currency translation adjustment (1,158 ) 2,703 (1,502 ) (7,094 ) Total Comprehensive (Loss)/Income $ (222,164 ) $ (62,341 ) $ (49,081 ) $ 80,023 Fiscal Period Ended October 31, 2014: Three months Three months Three months Three months October 31, 2014 July 31, 2014 April 30, 2014 January 31, 2014 Income Interest Income $ 414,769 $ 429,115 $ 412,117 $ 510,040 Total Income 414,769 429,115 412,117 510,040 Expenses Sponsor’s fee (262,080 ) (271,756 ) (268,244 ) (317,594 ) Total Expenses (262,080 ) (271,756 ) (268,244 ) (317,594 ) Net Income $ 152,689 $ 157,359 $ 143,873 $ 192,446 Basic and Diluted Earnings per Share $ 0.05 $ 0.05 $ 0.05 $ 0.06 Weighted-average Shares Outstanding 2,886,413 2,925,000 3,048,315 3,361,957 Cash Dividends per Share $ 0.05 $ 0.05 $ 0.05 $ 0.06 Other Comprehensive (Loss)/Income: Currency translation adjustment (3,054 ) (961 ) 976 (8,001 ) Total Comprehensive Income $ 149,635 $ 156,398 $ 144,849 $ 184,445

Organization and Description 19

Organization and Description of the Trust - Additional Information (Detail)	12 Months Ended
	Oct. 31, 2015CADAccountsshares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization formation date	Jun. 8, 2006
Initial deposits by sponsor, primary deposit account | CAD	CAD 100
Number of deposits accounts in which trust's assets primarily consist of Canadian Dollars | Accounts	2
Redemptions Capital Shares, Number of shares in each Block | shares	50,000

Significant Accounting Polici20

Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Oct. 31, 2015USD ($)
Accounting Policies [Abstract]
Provision for federal income taxes	$ 0
Minimum days required to stay for tax liability	183 days

Canadian Dollar Deposits - Addi

Canadian Dollar Deposits - Additional Information (Detail)	12 Months Ended
	Oct. 31, 2015CAD	Oct. 31, 2014CAD	Oct. 31, 2013CAD	Oct. 31, 2015USD ($)	Oct. 31, 2015CAD	Oct. 31, 2014USD ($)	Oct. 31, 2014CAD	Oct. 31, 2013USD ($)	Oct. 31, 2013CAD
Deposits [Abstract]
Canadian dollar principal deposits	CAD 159,051,217	CAD 39,774,638	CAD 59,661,957
Canadian dollar principal redemptions	159,056,760	CAD 109,380,254	CAD 198,873,188
Canadian dollar withdrawals	CAD 336,437
Canadian Dollar deposits, interest bearing				$ 216,342,962	CAD 283,052,315	$ 251,358,636	CAD 283,394,295	$ 338,495,383	CAD 352,999,911

Redeemable Capital Shares - Add

Redeemable Capital Shares - Additional Information (Detail)	12 Months Ended
	Oct. 31, 2015
Equity [Abstract]
Redeemable Capital Shares, Settlement of each creation or redemption period	3 days

Redeemable Capital Shares - Sch

Redeemable Capital Shares - Schedule for Redeemable Capital Shares Activity (Detail) - USD ($)	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Equity [Abstract]
Opening balance, Shares	2,850,000	3,550,000	4,950,000
Shares issued, Shares	1,600,000	400,000	600,000
Shares redeemed, Shares	(1,600,000)	(1,100,000)	(2,000,000)
Adjustment to period shares due to currency movement and other, Shares	0	0	0
Ending balance, Shares	2,850,000	2,850,000	3,550,000
Opening balance, Amount	$ 251,414,970	$ 338,556,957	$ 492,510,069
Shares issued, Amount	127,858,942	36,495,266	58,495,917
Shares redeemed, Amount	(127,864,231)	(100,362,128)	(194,992,928)
Adjustment to period shares due to currency movement and other, Amount	(35,140,204)	(23,275,125)	(17,456,101)
Ending balance, Amount	$ 216,269,477	$ 251,414,970	$ 338,556,957

Selected Quarterly Informatio24

Selected Quarterly Information (Unaudited) - Schedule of Selected Quarterly Information (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Income
Interest Income	$ 1,852	$ 156,866	$ 144,625	$ 319,547	$ 414,769	$ 429,115	$ 412,117	$ 510,040	$ 622,890	$ 1,766,041	$ 2,527,023
Total Income	1,852	156,866	144,625	319,547	414,769	429,115	412,117	510,040	622,890	1,766,041	2,527,023
Expenses
Sponsor's fee	(222,858)	(221,910)	(192,204)	(232,430)	(262,080)	(271,756)	(268,244)	(317,594)	(869,402)	(1,119,674)	(1,731,440)
Total Expenses	(222,858)	(221,910)	(192,204)	(232,430)	(262,080)	(271,756)	(268,244)	(317,594)	(869,402)	(1,119,674)	(1,731,440)
Net Income	$ (221,006)	$ (65,044)	$ (47,579)	$ 87,117	$ 152,689	$ 157,359	$ 143,873	$ 192,446	$ (246,512)	$ 646,367	$ 795,583
Basic and Diluted Earnings per Share	$ (0.08)	$ (0.02)	$ (0.02)	$ 0.03	$ 0.05	$ 0.05	$ 0.05	$ 0.06	$ (0.09)	$ 0.21	$ 0.18
Weighted-average Shares Outstanding	2,926,630	2,763,587	2,459,551	2,289,674	2,886,413	2,925,000	3,048,315	3,361,957	2,711,918	3,055,479	4,414,795
Cash Dividends per Share			$ 0.01	$ 0.04	$ 0.05	$ 0.05	$ 0.05	$ 0.06	$ 0.05	$ 0.21	$ 0.17
Other Comprehensive (Loss)/Income:
Currency translation adjustment	$ (1,158)	$ 2,703	$ (1,502)	$ (7,094)	$ (3,054)	$ (961)	$ 976	$ (8,001)	$ (7,051)	$ (11,040)	$ 1,040
Total Comprehensive (Loss)/Income	$ (222,164)	$ (62,341)	$ (49,081)	$ 80,023	$ 149,635	$ 156,398	$ 144,849	$ 184,445	$ (253,563)	$ 635,327	$ 796,623

Sponsor's Fee - Additional Info

Sponsor's Fee - Additional Information (Detail)	12 Months Ended
	Oct. 31, 2015USD ($)
Component Of Other Income And Expense [Line Items]
Sponsor's fee accrues daily and paid monthly, annual nominal Rate	0.40%
Maximum [Member]
Component Of Other Income And Expense [Line Items]
Legal fees and expenses assumed sponsor	$ 100,000
Minimum [Member]
Component Of Other Income And Expense [Line Items]
Legal fees and expenses not assumed by sponsor	$ 100,000