6. CASH AND CASH EQUIVALENTS
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December 31, |
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December 31, |
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December 31, |
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Cash held in: |
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Canadian dollars |
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$ |
70,112 |
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$ |
6,386,135 |
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$ |
635,614 |
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United States dollars |
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16,989,119 |
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7,231,160 |
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7,104,699 |
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Euros |
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447,926 |
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344,242 |
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120,415 |
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Cashable Canadian dollar high interest savings accounts |
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— |
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4,713,385 |
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8,738,088 |
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Cashable United States dollar high interest savings accounts |
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— |
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4,279,649 |
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16,752,355 |
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Cashable guaranteed investment certificate |
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— |
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— |
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21,675,000 |
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$ |
17,507,157 |
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$ |
22,954,571 |
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$ |
55,026,171 |
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The high interest savings accounts were held in major Canadian Chartered Banks. They were fully cashable at any time and have a variable interest rate.