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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000897069-07-000552.txt : 20070220
<SEC-HEADER>0000897069-07-000552.hdr.sgml : 20070219
<ACCEPTANCE-DATETIME>20070220171136
ACCESSION NUMBER:		0000897069-07-000552
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070220
DATE AS OF CHANGE:		20070220

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CURRENCYSHARES CANADIAN DOLLAR TRUST
		CENTRAL INDEX KEY:			0001353612
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-132363
		FILM NUMBER:		07636315

	BUSINESS ADDRESS:	
		STREET 1:		C/O RYDEX INVESTMENTS, ATTN: TIM MEYER
		STREET 2:		9601 BLACKWELL ROAD, SUITE 500
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850
		BUSINESS PHONE:		301-296-5129

	MAIL ADDRESS:	
		STREET 1:		C/O RYDEX INVESTMENTS, ATTN: TIM MEYER
		STREET 2:		9601 BLACKWELL ROAD, SUITE 500
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CURRENCYSHARES CANADIAN DOLLAR TRUST
		CENTRAL INDEX KEY:			0001353612
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		C/O RYDEX INVESTMENTS, ATTN: TIM MEYER
		STREET 2:		9601 BLACKWELL ROAD, SUITE 500
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850
		BUSINESS PHONE:		301-296-5129

	MAIL ADDRESS:	
		STREET 1:		C/O RYDEX INVESTMENTS, ATTN: TIM MEYER
		STREET 2:		9601 BLACKWELL ROAD, SUITE 500
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850
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<!-- MARKER FORMAT-SHEET="Head Right-TNR" FSL="Project" -->
<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Filed Pursuant to Rule
433<BR>Registration No.: 333-132363  </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The CurrencyShares<SUP>SM</SUP>
Canadian Dollar Trust has filed a registration statement (including a prospectus) with the
SEC for the offering to which this communication relates. Before you invest, you should
read the prospectus in that registration statement and other documents the issuer has
filed with the SEC for more complete information about the issuer and this offering. You
may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the issuer and any offering participant will arrange to send you the
prospectus if you request it by calling toll-free 1-800-820-0888. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The following article was posted on
the Reuters website on February 9, 2007. As of that date, it was accessible for free on
the internet by visiting: </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>http://today.reuters.com/news/articleinvesting.aspx?type=fundsFundsNews&amp;storyID=2007-02-
13T181648Z_01_N13195336_RTRIDST_0_USA-YEN-ETF-UPDATE-
1.XML&amp;pageNumber=1&amp;imageid=&amp;cap=&amp;sz=13&amp;WTModLoc=InvArt-C1-ArticlePage1</U>. </FONT></P>



<!-- MARKER FORMAT-SHEET="Footnote Rule-TNR" FSL="Project" -->
<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=LEFT>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=4>Yen fund begins trading
on U.S. stock exchange </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Posted Tuesday, February
13, 2007 1:16pm ET </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NEW YORK, Feb 13 (Reuters) &#151; A
fund that tracks the yen began trading on the New York Stock Exchange on Tuesday, offering
individual investors an alternative way to gain exposure to the Japanese currency. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rockville, Maryland-based Rydex
Investments, which launched the yen exchange traded fund, billed it as a way for financial
professionals to diversify their portfolios by tapping the $2 trillion a day foreign
exchange market. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;We&#146;re attempting to solve
the access question by providing a tool to the professional investment adviser,&#148; said
Stephen Sachs, director of trading at Rydex, manager of $14 billion in mutual funds and
ETFs. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>However, the extreme build-up of
positions against the yen in the currency market is a reason for investors to take caution
when it comes to considering the yen ETF, Rydex said. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Surging daily trading volume and a
profusion of online dealing platforms in recent years have attracted smaller investors to
the currency market, traditionally frequented mainly by large institutional investors and
central banks. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Marc Chandler, head of global
currency research at Brown Brothers Harriman, hailed the yen ETF launch as a testament to
the depth and flexibility of U.S. capital markets. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;Products like these currency
ETFs open up those capital markets, which have been the exclusive playground of a handful
of institutions, to a much wider audience,&#148; Chandler said. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The yen ETF, called the
CurrencyShares Japanese Yen Trust, joins a family of seven other currency ETFs offered by
Rydex. They include the euro, Swiss franc and British pound. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In November 2006, the combined value
of the seven currency ETFs surpassed $1 billion. </FONT></P>




<!-- *************************************************************************** -->
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<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>It trades on the NYSE under the
symbol &#147;FXY.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Investors buy shares of the ETF just
as they would any stock. Each yen ETF share represents 10,000 yen. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The dollar was trading at 121.25 yen,
down 0.5 percent from late Monday and off a full yen from four-year highs reached two
weeks ago. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Currency speculators in the
International Monetary Market last week had amassed a net position against the yen worth
$13.4 billion, largely due to the popularity of the &#147;carry trade,&#148; in which
investors borrow a low-yielding currency and then sell it to buy a higher-yielding one. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Investors often use the yen to fund
carry trades because of Japan&#146;s rock-bottom interest rates. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rydex&#146;s Sachs said there is a
large risk of a sudden unwinding in carry trades, which would cause investors in yen ETFs
to be caught off guard. But he said he expects liquidity in the yen ETF to be as good as
the company&#146;s euro ETF, an enticement for investors. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;With these eight products, we
have effectively &#145;equitized&#146; about 91 percent of the overall global currency
market in a structure and a product that is accessible by everyone,&#148; Sachs said. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&copy; Reuters 2007. All Rights
Reserved. </FONT></P>



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