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Canadian Dollar Deposits
6 Months Ended
Jun. 30, 2023
Cash and Cash Equivalents [Abstract]  
Canadian Dollar Deposits

Note 4 - 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 June 30, 2023 was an annual nominal rate of 2.33%. For the six months ended June 30, 2023, there were Canadian Dollar principal deposits of 83,072,698 and Canadian Dollar principal redemptions of 102,619,264, resulting in an ending Canadian Dollar principal balance of 112,392,523. This equates to 84,936,726 USD. For the year ended December 31, 2022, there were Canadian Dollar principal deposits of 73,340,680 and Canadian Dollar principal redemptions of 117,356,152 and Canadian Dollar withdrawals (to pay expenses) of 444,805, resulting in an ending Canadian Dollar principal balance of 131,939,089. This equates to 97,375,615 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.