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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000897069-08-001613.txt : 20081021
<SEC-HEADER>0000897069-08-001613.hdr.sgml : 20081021
<ACCEPTANCE-DATETIME>20081021162130
ACCESSION NUMBER:		0000897069-08-001613
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20081021
DATE AS OF CHANGE:		20081021

FILER:

	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:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-132363
		FILM NUMBER:		081133600

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>cmw3808.htm
<DESCRIPTION>PROSPECTUS SUPPLEMENT NO. 2
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

<!-- MARKER FORMAT-SHEET="Head Right-TNR" FSL="Project" -->
<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Filed Pursuant to Rule
424(b)(3)<BR>Registration No. 333-132363  </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Prospectus Supplement No.
2 dated October 21, 2008 <BR>(to Prospectus dated February 8, 2008)  </FONT></P>


<p align=center><IMG SRC="canadianlogo.gif"></p>



<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>11,500,000 SHARES <BR>CURRENCYSHARES<SUP>SM</SUP>
CANADIAN DOLLAR TRUST </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Prospectus Supplement No. 2 amends and supplements our prospectus dated February 8, 2008
(the &#147;Prospectus&#148;) and supersedes and replaces in its entirety Prospectus
Supplement No. 1 dated October 17, 2008. This Prospectus Supplement No. 2 should be read
in conjunction with, and must be delivered with, the Prospectus. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
October 20, 2008, the NAV was expressed in USD based on the Canadian Dollar/USD exchange
rate as determined by WM/Reuters at 4:00 PM (London time) (the &#147;Closing Spot
Rate&#148;). As of and after October 21, 2008, the NAV will be expressed in USD based on
the Canadian Dollar/USD exchange rate as determined by the Federal Reserve Bank of New
York at 12:00 PM (New York time) (the &#147;Noon Buying Rate&#148;). Consequently, all
references in the Prospectus to the &#147;Closing Spot Rate&#148; that relate to a period
of time on or after October 21, 2008 are amended to read &#147;Noon Buying Rate.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Prospectus, under the heading &#147;Net Asset Value&#148; on page 4 and the definition of
&#147;Net Asset Value&#148; on page 13, states: &#147;If, on a particular evaluation day,
the Closing Spot Rate is not determined and announced by 6:00 PM (London time), then the
most recent Closing Spot Rate shall 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 such valuation. In the event that the Trustee and the Sponsor
determine that the most recent Closing Spot Rate is not an appropriate basis for valuation
of the Trust&#146;s Canadian Dollars, the Trustee and the Sponsor shall determine an
alternative basis for such evaluation to be employed by the Trustee. Such an alternative
basis may include reference to the market price of futures contracts that reflect the
value of the Canadian Dollar relative to the USD. The use of any alternative basis to
determine NAV would be disclosed on the Trust&#146;s website.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
immediately foregoing is hereby deleted and replaced with the following: &#147;If, on a
particular evaluation day, the Federal Reserve Bank of New York does not announce a Noon
Buying Rate by 2:00 PM (New York time), then the most recent Federal Reserve Bank of New
York determination of the Noon Buying Rate will be deemed the &#147;Noon Buying Rate&#148;
and 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 such
valuation. In the event that the Trustee and the Sponsor determine that the most recent
Federal Reserve Bank of New York determination of the Noon Buying Rate is not an
appropriate basis for valuation of the Trust&#146;s Canadian Dollars, or the Federal
Reserve Bank of New York ceases to provide the Noon Buying Rate, the Trustee and the
Sponsor shall determine an alternative basis for such evaluation to be employed by the
Trustee. Such an alternative basis may include reference to other exchange-traded
securities that reflect the value of the Canadian Dollar relative to the USD. The use of
any alternative basis to determine NAV would be disclosed on the Trust&#146;s
website.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
other portions of the Prospectus shall remain unchanged. Capitalized terms used but not
defined herein shall have the meanings ascribed to such terms in the Prospectus. </FONT></P>

<!-- MARKER FORMAT-SHEET="Three Quarters Rule" FSL="Default" -->
     <HR ALIGN=CENTER WIDTH=75% SIZE=1 color=black NOSHADE>


<p align=center><IMG SRC="rydexlogo.gif"></p>



<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The date of this
Prospectus Supplement is October 21, 2008 </FONT></P>



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