HHDomains said:
Decent google results. (4,750,000)
Such a Google result only tells you how many times people have mis-spelt "Password" as "Passwd" around the Web and does not offer any reflection towards how many times someone searched the typo "Passwd" across the Web - HUGH difference. (ie: Supply vs. Demand)
# of times "Passwd" was searched on last month (according to Overture):
280 passwd
Such results lead me to believe this domain is only worth Reg Value.
ie: Demand is not there based on low search results for said Term (not to mention it's a .CA (not to say .CA's aren't good, as they are, but in this example, it doesn't work imo)).
Obviously, Value would increase with development - but that can be said for most all Domains.
Best of Luck in your Future Domain Endeavours.