FXC is a CurrencyShares Canadian Dollar Trust. Simply said, it is a convenient vehicle for those of us in the US for holding funds and collecting interest on them in Canadian Dollars (Loonies). It is far more convenient and less expensive (for reasonably small amounts) than the alternative of converting the funds, depositing them at a Canadian bank and than withdrawing and converting them back. Today was an interesting day in the markets, as many commodities and related companies' stocks took a bigger tumble than the market as a whole. Canada, is a resource rich country with many of the commodity developing companies calling it home. Sell off in this segment was in big part responsible for a lowering of demand in Canadian Dollars, which pushed the Loonies exchange rate back below US Dollar parity. I saw this move as temporary and used the opportunity to diversify away from the falling (perhaps failing) US Dollar. I picked up FXC at $98.98 / unit.